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Property profile & analytics
OFF-MARKET
Estimated value
$470,000
Theaters & concert halls
21 Nevada Ave Colorado Springs, CO 80903-1708
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-0517122
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,128 SF
Lot
0.39 ac (17,100 SF)
Zoning code
FBZ-CEN CU
APN
6418112029
UPID
US13-0517122
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
-
Connect Physical Therapy & Performance Physician
-
The UTE Restaurant Restaurant
-
CityROCK Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$470k
Owner & transaction history
Hammerick Family Partnership L · 5 yrs held
Hammerick Family Partnership L
since 2020
7 recorded transactions
Zoning & alternative use
FBZ-CEN CU · 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
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$470k
Range $423k – $517k · ±10%
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
$31 / 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
$29,184
Tax year 2023
Assessed value
$458,810
Assessed 2023
Previous assessed
$458,810
+0.0% YoY
Effective rate
6.36%
On assessed value
Assessed land
$232,340
Assessed improvement
$226,470
Land market value
$832,770
Improvement market value
$811,724
Total market value
$1,644,494
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
15,128 SF
Lot
0.39 ac (17,100 SF)
Zoning code
FBZ-CEN CU
APN
6418112029
UPID
US13-0517122
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-CEN CU · Colorado Springs, COZoning FBZ-CEN CU · permitted uses
FBZ-CEN CU · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Hammerick Family Partnership L
Entity
Free & Clear · 5 yrs held
Mailing address
21 N NEVADA AVE, COLORADO SPRINGS, CO 80903-1708
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Apr 13, 2026
—
Hammerick Family Partnership L
—
Deed
related
$9,561,200 · Busey Bank
Dec 30, 2020
—
Hammerick Family Partnership L
Allison Valley Dep Co LLC
Grant Deed
—
Oct 3, 2018
—
Hammerick Family Ptshp Ltd
—
Trustees Deed
related
$3,700,000 · American Bk/commerce
May 21, 2013
$1,050,000
Hammerick Family Ptshp Ltd
One Twenty Kiowa Co LLC
Grant Deed
$650,000 · One Twenty Kiowa Co LLC
Apr 7, 2009
—
1 Twenty Kiowa Co LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Mar 12, 2009
$1,249,209
Cooper Holdings Co LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
related
$1,181,250
Apr 5, 2005
$1,575,000
Cooper Holdings Co LLC
One Twenty Kiowa Co LLC
Grant Deed
$1,181,250 · One Twenty Kiowa Co LLC
Apr 5, 2005
—
One Twenty Kiowa Co LLC
120 East Kiowa
Quit Claim Deed
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.
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