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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Strip malls
204 Mt Vw Ln Colorado Springs, CO 80907-4367
Entity Owned
1-yr Hold
Free & Clear
Property ID
US13-2619869
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,000 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C6 NNA
APN
6330115009
UPID
US13-2619869
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Colorado Carpet & Flooring, Inc. Carpet & Flooring Store Hardware & Home Improvement
-
Virtual Tee Systems LLC Golf Course
-
Intermountain Safety Shoe Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Steve's Paint Supply Hardware & Home Improvement Building Supply
-
Quantum Painting Internet Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
City Of Colorado Springs · 1 yrs held
City Of Colorado Springs
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C6 NNA · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,260,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.26M (Aug 14 2024)
Last sale anchor
$1.26M
Aug 14 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,138
Tax year 2023
Assessed value
$448,930
Assessed 2023
Previous assessed
$448,930
+0.0% YoY
Effective rate
5.38%
On assessed value
Assessed land
$120,860
Assessed improvement
$328,070
Land market value
$433,199
Improvement market value
$1,175,888
Total market value
$1,609,087
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
21,000 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C6 NNA
APN
6330115009
UPID
US13-2619869
Jurisdiction
EL PASO
Zoning & alternative use
C6 NNA · Colorado Springs, CO
Zoning C6 NNA · permitted uses
C6 NNA · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
City Of Colorado Springs
Entity
Free & Clear · 1 yrs held
Mailing address
5390 N ACADEMY BLVD STE #250, COLORADO SPRINGS, CO 80918-4066
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2024
—
City Of Colorado Springs
Bnsf Railway Company
Quit Claim Deed
related
—
Feb 8, 2018
—
Rubin Nostrand LLC 2
—
Deed
related
—
Nov 28, 2007
$1,260,000
Rubin Nostrand LLC No 2
Jung,fred
Grant Deed
—
Sep 8, 1999
$77,000
Jung,fred
Meade,james P
Trustees Deed
$64,737 · Individual
Sep 8, 1999
—
Jung,fred
Colorado Property Group LLC
Trustees Deed
related
—
—
—
Rubin Nostrand LLC No 2
—
Deed Of Trust
related
$900,000 · Guaranty Bank
—
—
Rubin Nostrand LLC 2
—
Loan Modification
related
—
—
—
Arsenault-north Nevada LLC
—
Deed Of Trust
related
$700,000 · Community First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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