Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,645,000
Strip malls
205 Rockrimmon Blvd Colorado Springs, CO 80919-1783
Individually Owned
4-yr Hold
Free & Clear
Property ID
US13-0713289
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
WOOD FRAME
Total area
10,990 SF
Lot
0.73 ac (31,700 SF)
Zoning code
PBC HS
APN
7312412244
UPID
US13-0713289
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
-
Domino's Pizza Take-out & Catering
-
Beyond Hair Studio & Spa Hair Salon
-
Corner Store Grocery & Convenience Store
-
www.LocalMentor.com Real Estate Agency
-
Fast Market Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.65M
Owner & transaction history
Rimmon Rock · 4 yrs held
Rimmon Rock
since 2022
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
PBC HS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+64.2%
Apartment house (5+ units)
$4.5M
+53.1%
Commercial (general)
$4.2M
+44.3%
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
$6,385,000
ML approach
$6,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,810,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,485,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,230,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$6.65M
Range $5.98M – $7.31M · ±10% · vs last sale $6.90M (Jul 19 2022)
Last sale anchor
$6.90M
Jul 19 2022
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
$605 / 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
Assessed value
$267,290
Assessed 2023
Previous assessed
$267,290
+0.0% YoY
Assessed land
$102,150
Assessed improvement
$165,140
Land market value
$366,135
Improvement market value
$591,912
Total market value
$958,047
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
1979
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
10,990 SF
Lot
0.73 ac (31,700 SF)
Zoning code
PBC HS
APN
7312412244
UPID
US13-0713289
Jurisdiction
EL PASO
Zoning & alternative use
PBC HS · Colorado Springs, COZoning PBC HS · permitted uses
PBC HS · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Rimmon Rock
Individual
Free & Clear · 4 yrs held
Mailing address
3280 N DOWNING ST STE B, DENVER, CO 80205-3997
Ownership since
2022
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
Jul 19, 2022
$6,900,000
Rimmon Rock
Raul Marcelo Gomez
Special Warranty Deed
—
Jul 19, 2022
—
Raul Marcelo Gomez
Rocky Ocean Properties 1 LLC
Quit Claim Deed
related
—
Aug 29, 2019
—
Rocky Ocean Properties 1 LLC
—
Grant Deed
related
$2,777,000 · Eastern Colorado Bk
Dec 28, 2018
—
Raul M Gomez
—
Deed
related
—
Sep 17, 2018
—
Raul M Gomez
—
Deed
related
—
Aug 28, 2017
$2,450,000
Raul M Gomez
Montrose Investment Ptrs LLC
Grant Deed
$1,450,000 · Eastern Colorado Bk
—
—
Raul M Gomez
—
Loan Modification
related
—
—
—
Raul M Gomez
—
Loan Modification
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 205 Rockrimmon Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
