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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Strip malls
211 8th St Colorado Springs, CO 80905
Entity Owned
9-yr Hold
Free & Clear
Property ID
US13-0447717
Property summary
AI-generated overview
Cimarron Station, located at 211-229 S Eighth St, Colorado Springs, CO 80905, presents a unique investment opportunity. This exceptional property encompasses 2.52 acres of land, featuring a 10,555 square foot retail building constructed in 1987. The single-story building sits on a lot zoned MX-L, offering significant potential for redevelopment or continued operation. The property boasts excellent visibility and accessibility, situated in a high-traffic area with over 106,100 vehicles passing daily. Its prime location along the rapidly expanding Highway 24 corridor ensures high exposure and strong potential for attracting customers. The close proximity to downtown Colorado Springs and the central business district (CBD) further enhances its desirability. The property's zoning allows for a variety of commercial uses. Additionally, there's a possibility of installing a 30-foot pole sign, providing even greater visibility from Interstate 25. The asking price for this exceptional retail property is $850,000. This presents a rare chance to acquire a well-positioned asset in a thriving Colorado Springs market.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,555 SF
Lot
2.52 ac (109,771 SF)
Zoning code
C6 P
APN
7413404008
UPID
US13-0447717
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$459k
Blend (final)
Blend
$620k
Owner & transaction history
Cimarron Station LLC · 9 yrs held
Cimarron Station LLC
since 2016
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
C6 P · 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.
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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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $850k (Sep 12 2024)
Last sale anchor
$850k
Sep 12 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
$59 / 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
$537,610
Assessed 2023
Previous assessed
$537,610
+0.0% YoY
Assessed land
$248,070
Assessed improvement
$289,540
Land market value
$889,145
Improvement market value
$1,037,765
Total market value
$1,926,910
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
10,555 SF
Lot
2.52 ac (109,771 SF)
Zoning code
C6 P
APN
7413404008
UPID
US13-0447717
Jurisdiction
EL PASO
Zoning & alternative use
C6 P · Colorado Springs, COZoning C6 P · permitted uses
C6 P · 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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Cimarron Station LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 38175, COLORADO SPRINGS, CO 80937-8175
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2016
$3,300,000
Cimarron Station LLC
Bear Creek Shops LLC
Special Warranty Deed
—
Oct 6, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Feb 8, 2010
—
Bear Creek Shops LLC
Shoppes Of Bear Creek Plaza LLC
Quit Claim Deed
related
$1,500,000 · Integrity Bank & Trust
Apr 1, 2008
—
Shoppes Of Bear Creek Plaza LLC
8th & 24 LLC
Quit Claim Deed
related
—
Jun 19, 2007
$250,000
Landco Block 98 LLC
Kameron Family Ptshp 3 Lllp
Grant Deed
—
Feb 27, 2007
$2,850,000
8th & 24 LLC
Landco Spring Creek West LLC
Warranty Deed
$1,594,000 · Adams Bank & Trust
Jan 26, 2007
$1,484,444
Landco Spring Creek West LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
—
Oct 16, 2006
$1,484,444
Adams Bank & Trust
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Aug 25, 2003
$1,400,000
James O Blackwood
Welch,william A
Grant Deed
$1,400,000 · Pueblo Bank & Trust Co
—
—
James O Blackwood
—
Deed Of Trust
related
$315,000 · Adams Bank & Trust
—
—
Bear Creek Shops LLC
—
Deed Of Trust
related
$1,500,000 · Integrity Bank & Trust
—
—
James O Blackwood
—
Deed Of Trust
related
$40,000 · Pueblo Bank & Trust Co
—
—
James O Blackwood
—
Deed Of Trust
related
$1,390,000 · Adams Bank & Trust
—
—
James O Blackwood
—
Deed Of Trust
related
$315,000 · Adams Bank & Trust
—
—
James O Blackwood
—
Deed Of Trust
related
$200,000 · Adams Bank & Trust
—
—
James O Blackwood
—
Deed Of Trust
related
$200,000 · Adams Bank & Trust
—
—
Shoppes Of Bear Creek Plaza LLC
—
Deed Of Trust
related
$5,500,000 · First National Bank
—
—
Bear Creek Shops LLC
—
Deed Of Trust
related
$1,500,000 · Integrity Bank & Trust
—
—
Cimarron Station LLC
—
Loan Modification
related
$2,541,373 · Academy Bk
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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