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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Retail space
2205 Montebello Sq Dr Colorado Springs, CO 80918-1954
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2185138
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,352 SF
Lot
0.75 ac (32,467 SF)
Zoning code
C6
APN
6321210003
UPID
US13-2185138
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
-
Lifestyle Golf Carts Golf Cart Dealer
-
First Cash Pawn Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.55M
Owner & transaction history
Montebello 2205 LLC · 20 yrs held
Montebello 2205 LLC
since 2006
7 recorded transactions
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+26.8%
Auto repair, garage
$2.3M
+17.1%
Medical building
$2.3M
+14.5%
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%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,965,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,495,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,300,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$2,250,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$1,770,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±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
$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
Tax billed
$34,832
Tax year 2023
Assessed value
$644,110
Assessed 2023
Previous assessed
$644,110
+0.0% YoY
Effective rate
5.41%
On assessed value
Assessed land
$121,830
Assessed improvement
$522,280
Land market value
$436,681
Improvement market value
$1,871,972
Total market value
$2,308,653
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
9,352 SF
Lot
0.75 ac (32,467 SF)
Zoning code
C6
APN
6321210003
UPID
US13-2185138
Jurisdiction
EL PASO
Zoning & alternative use
C6 · Colorado Springs, CO
Zoning C6 · permitted uses
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES 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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Montebello 2205 LLC
Entity
Mailing address
7465 SWAN RD, COLORADO SPRINGS, CO 80908-2843
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2017
—
Montebello 2205 LLC
—
Deed
related
$152,977 · Emmett E Duemke
Nov 8, 2016
—
Montebello 2205 LLC
—
Deed
related
$916,000 · Bank Of Co
Apr 5, 2016
—
Montebello 2205 LLC
—
Trustees Deed
related
$50,056 · Bank Of Co
Apr 6, 2006
$1,400,000
Montebello 2205 LLC
H-d 1 LLC
Warranty Deed
$913,119 · Bank Of Co
Apr 29, 2005
—
H D 1 LLC
Hale Duemke Associates
Quit Claim Deed
related
$800,000 · Montegra Capital Resources Ltd
Apr 23, 2002
$1,350,000
Hale-duemke Associates
Dorrance,thomas & Edith A
Grant Deed
$1,540,000 · Bank One Colorado
Jan 11, 1999
$925,000
Acadamey West Capital Co LLC
Anderson,bill J & Sandra G
Grant Deed
related
$1,110,542 · H-m & M INC
Jun 10, 1998
—
Bill J Anderson
—
Grant Deed
related
$1,450,000 · Norwest Bank Colorado
—
—
Montebello 2205 LLC
—
Loan Modification
related
$310,000 · Emmett E Duemke
—
—
Montebello 2205 LLC
—
Deed Of Trust
related
$916,000 · Bank Of Co
—
—
Montebello 2205 LLC
—
Loan Modification
related
$152,977 · Emmett E Duemke
—
—
Montebello 2205 LLC
—
Deed Of Trust
related
$826,000 · Bank Of Colorado
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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