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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Warehouses
2150 Victor Pl Colorado Springs, CO 80915-1503
Entity Owned
~
Est. High Equity
Property ID
US13-2812965
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Construction
STEEL FRAME
Total area
11,500 SF
Lot
2.32 ac (101,059 SF)
Zoning code
PIP2 AO
APN
6401102080
UPID
US13-2812965
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
-
A & E Tire (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.91M
Owner & transaction history
2150 Victor Place LLC
2150 Victor Place LLC
since 2025
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
PIP2 AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+67.1%
Auto repair, garage
$2.8M
+54.4%
Medical building
$2.8M
+50.8%
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%
$1,815,000
6.5%
$1,675,000
7%
$1,555,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,835,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,065,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,830,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$2,765,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$2,455,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10% · vs last sale $2.01M (Jun 4 2025)
Last sale anchor
$2.01M
Jun 4 2025
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
$166 / 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
$425,480
Assessed 2023
Previous assessed
$425,480
+0.0% YoY
Assessed land
$167,760
Assessed improvement
$257,720
Land market value
$601,301
Improvement market value
$923,730
Total market value
$1,525,031
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
11,500 SF
Lot
2.32 ac (101,059 SF)
Zoning code
PIP2 AO
APN
6401102080
UPID
US13-2812965
Jurisdiction
EL PASO
Zoning & alternative use
PIP2 AO · Colorado Springs, CO
Zoning PIP2 AO · permitted uses
PIP2 AO · 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
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.5M
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
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
2150 Victor Place LLC
Entity
Mailing address
4811 HILLSDALE CT, COLORADO SPRINGS, CO 80918-7941
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$2,010,000
2150 Victor Place LLC
Geodan II LLC
Special Warranty Deed
$13,887 · Geodan II LLC
Oct 13, 2005
$1,056,000
Geodan II LLC
Underwood,michael W
Grant Deed
—
Jan 31, 2003
$805,000
Michael W Underwood
Mosbarger,dennis R
Grant Deed
$2,425,000 · Tierone Bank
—
—
Dennis R Mosbarger
—
Deed Of Trust
related
$250,000 · Us Bank
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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