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Property profile & analytics
FOR SALE
Distribution centers
2110 Busch Ave Colorado Springs, CO 80904
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-1123942
For Sale
1 / 7
$3,700,000
2110 Busch Ave, Colorado Springs, CO 80904
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,004 SF
Lot
0.93 ac (40,500 SF)
Zoning code
M1/CR
APN
7414216023
UPID
US13-1123942
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
-
Archery School Of the Rockies Sports Field & Court
-
bowmans bowstrings (Bike/Boat/Book/etc) Store
-
ASR Flying Arrow Eatery Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.39M
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$3.93M
Owner & transaction history
Archery Sch Of The Rockies INC · 8 yrs held
Archery Sch Of The Rockies INC
since 2018
7 recorded transactions
Zoning & alternative use
M1/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.3M
+35.6%
Auto repair, garage
$4.9M
+25.2%
Medical building
$4.8M
+22.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,675,000
6.5%
$3,390,000
7%
$3,150,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,935,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,330,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,925,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$4,810,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$4,270,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$3.93M
Range $3.54M – $4.32M · ±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
$196 / 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
$35,459
Tax year 2023
Assessed value
$655,560
Assessed 2023
Previous assessed
$655,560
+0.0% YoY
Effective rate
5.41%
On assessed value
Assessed land
$67,230
Assessed improvement
$588,330
Land market value
$240,975
Improvement market value
$2,108,706
Total market value
$2,349,681
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
20,004 SF
Lot
0.93 ac (40,500 SF)
Zoning code
M1/CR
APN
7414216023
UPID
US13-1123942
Jurisdiction
EL PASO
Zoning & alternative use
M1/CR · Colorado Springs, CO
Zoning M1/CR · permitted uses
M1/CR · 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
WAREHOUSE, STORAGE Current
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Archery Sch Of The Rockies INC
Entity
Mailing address
2110 BUSCH AVE, COLORADO SPRINGS, CO 80904-4221
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
—
Archery School Of The Rockies INC
—
Deed
related
$1,540,000 · 18sierra Financial LLC
Jul 16, 2018
$1,684,000
Archery Sch Of The Rockies INC
G Amber Corp
Grant Deed
related
—
Jul 16, 2018
—
Archery Sch Of The Rockies INC
—
Deed
related
$1,511,000 · Midwest Reg'l Bk
Jan 19, 2016
—
G Amber Corp
Ranger Properties LLC
Grant Deed
related
—
Dec 16, 2015
—
Ranger Properties LLC
G Amber Corp
Grant Deed
—
—
—
G Amber Corp
—
Deed Of Trust
related
$200,000 · Bank At Broadmoor
—
—
G Amber Corp
—
Loan Modification
related
$750,000 · Kirkpatrick Bk
—
—
G Amber Corp
—
Deed Of Trust
related
$300,000 · Bank At Broadmoor
—
—
G Amber Corp
—
Deed Of Trust
related
$500,000 · Bank At Broadmoor
—
—
G Amber Corp
—
Deed Of Trust
related
$800,000 · Bank At Broadmoor
—
—
Archery Sch Of The Rockies INC
—
Deed Of Trust
related
$1,511,000 · Midwest Reg'l 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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