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Property profile & analytics
OFF-MARKET
Auto shops
211 Motor Way Colorado Springs, CO 80905-7006
Trust Owned
8-yr Hold
Free & Clear
Property ID
US13-0477577
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,870 SF
Lot
1.14 ac (49,658 SF)
Zoning code
R2 C6
APN
7424403027
UPID
US13-0477577
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
-
Cool Rides of Colorado Springs Car Dealership
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Hansford's Hail & Dent Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Binkley,amber N & Brian K L Trust · 8 yrs held
Binkley,amber N & Brian K L Trust
since 2018
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
R2 C6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,905
Tax year 2023
Assessed value
$97,890
Assessed 2023
Previous assessed
$97,890
+0.0% YoY
Effective rate
5.01%
On assessed value
Assessed land
$76,890
Assessed improvement
$21,000
Land market value
$275,602
Improvement market value
$75,255
Total market value
$350,857
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
4,870 SF
Lot
1.14 ac (49,658 SF)
Zoning code
R2 C6
APN
7424403027
UPID
US13-0477577
Jurisdiction
EL PASO
Zoning & alternative use
R2 C6 · Colorado Springs, CO
Zoning R2 C6 · permitted uses
R2 C6 · 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
SPACE
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Binkley,amber N & Brian K L Trust
Trust
Free & Clear · 8 yrs held
Mailing address
1405 CATNAP LN, MONUMENT, CO 80132-6147
Ownership since
2018
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
Jun 8, 2018
—
Binkley,amber N & Brian K L Trust
211 W Motor Way LLC
Quit Claim Deed
related
—
Apr 6, 2018
—
211 W Motor Way LLC
Edr Allinn LLC
Grant Deed
$510,000 · E.d.r Allinn LLC
Oct 27, 2011
—
Edrallinn LLC
Melrj 2 Lllp
Quit Claim Deed
related
—
May 25, 2011
$300,000
Melrj 2 Lllp
General Elec Cap Corp
Grant Deed
—
Jun 2, 2010
—
General Elec Cap Corp
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
May 13, 2010
$631,847
Rd Properties LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$600,000
Dec 31, 2007
$925,000
Rd Properties LLC
Kip Hampden Lllp
Warranty Deed
$600,000 · General Electric Capital Corp
Aug 30, 2005
—
Record Owner
Owner,record
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.
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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