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Property profile & analytics
FOR LEASE
Strip malls
2107 Templeton Gap Rd Colorado Springs, CO 80907
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0871118
For Lease
$3,435,000
2107 Templeton Gap Rd, Colorado Springs, CO 80907
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,730 SF
Lot
1.08 ac (47,045 SF)
Zoning code
PBC/CR SS
APN
6405215013
UPID
US13-0871118
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
-
Rooks Sandra Family Counselor
-
Cathy Willis Lmft Family Counselor
-
Serenity Day Spa Spa & Massage Center
-
Edna J. Falu-Bishop, LMT Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.41M
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.44M
Owner & transaction history
T Gap Group LLC · 4 yrs held
T Gap Group LLC
since 2021
Last sale
$3.5M
2 recorded transactions
Zoning & alternative use
PBC/CR SS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+44.3%
Office building
$4.0M
+2.7%
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
$3,325,000
ML approach
$3,410,000
CAP Approach
CAP Return
Estimation
6%
$3,395,000
6.5%
$3,135,000
7%
$2,910,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,925,000
Current use
COMMERCIAL (GENERAL)
$5,665,000
Change: +44% · Conversion: Easy
OFFICE BUILDING
$4,030,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,625,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$3,545,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±10% · vs last sale $3.50M (Oct 13 2021)
Last sale anchor
$3.50M
Oct 13 2021
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
$233 / 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
$788,650
Assessed 2023
Previous assessed
$788,650
+0.0% YoY
Assessed land
$53,160
Assessed improvement
$735,490
Land market value
$190,528
Improvement market value
$2,636,159
Total market value
$2,826,687
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
For Lease
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
14,730 SF
Lot
1.08 ac (47,045 SF)
Zoning code
PBC/CR SS
APN
6405215013
UPID
US13-0871118
Jurisdiction
EL PASO
Zoning & alternative use
PBC/CR SS · Colorado Springs, CO
Zoning PBC/CR SS · permitted uses
PBC/CR SS · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$5.7M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
T Gap Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1308 W COLORADO AVE, COLORADO SPRINGS, CO 80904-4023
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$3,500,000
T Gap Group LLC
Ascent Tgap LLC
Special Warranty Deed
—
Jan 8, 2021
—
Ascent Tgap LLC
—
Deed
related
$2,200,000 · The First National Bank Of Hutchinson
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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