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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2253 La Montana Way Colorado Springs, CO 80918

    • Car washes
    • 7,860 SF
    • 0.80 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Dec 28, 2024
    $775,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0319686
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Car washes

    Property Details for 2253 La Montana Way

    Year built
    1983
    Construction
    WOOD FRAME
    Lot size
    0.80 lot acres
    Property size
    7,860 SF
    Zone code
    C5 P
    Property type
    Car washes
    APN
    6321211004
    APU
    6321211004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.785
    Latitude
    38.9095
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $74,210
    $47,690
    $121,900
    -
    $266,000
    $170,919
    $436,919

    Comparable in this City

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      5760 Academy Blvd

      CAR WASH - AUTOMATED • 8,409 SF
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    • Value Estimation by Request
      4,008 SF

      5155 Austin Bluffs Pkwy

      Automotive properties • 4,008 SF
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    • Value Estimation
      $1,620,000
      4,456 SF

      7015 Lexington Dr

      CAR WASH - AUTOMATED • 4,456 SF
      7015 Lexington Dr, Colorado Springs, CO 80918
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    • Value Estimation by Request
      2,602 SF

      4095 Academy Blvd

      CAR WASH - AUTOMATED • 2,602 SF
      4095 Academy Blvd, Colorado Springs, CO 80918-6624
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    • Value Estimation
      $1,390,000
      4,404 SF

      5155 Austin Blfs Pkwy

      CAR WASH - SELF-SERVE • 4,404 SF
      5155 Austin Blfs Pkwy, Colorado Springs, CO 80918-5075
      View Details
    • Value Estimation by Request
      3,000 SF

      4610 Austin Blfs Pkwy

      AUTO REPAIR, GARAGE • 3,000 SF
      4610 Austin Blfs Pkwy, Colorado Springs, CO 80918-2938
      View Details

    Similar Nearby for Sale

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      0.38 Acres

      Colorado Springs Commercial Property For Sale

      Commercial property for sale in Colorado Springs, Colorado.
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      Colorado Springs Restaurant Complex

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    • $2,200,000

      Turnkey Commercial Kitchen For Sale

      Turnkey commercial property with co-op kitchen and retail space.
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    • $2,499,000
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      Retail Property on Academy Boulevard

      Retail property available for sale on N Academy Blvd.
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    • Contact for pricing
      18,080 SF

      Corner Location Retail/Industrial Space

      High-visibility corner location suitable for retail, office, or industrial use.
      6121 N Academy Blvd, Colorado Springs, CO 80918
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    Similar Nearby for Lease

    • $24 SF/Yr

      Former Carwash For Rent

      Former water works carwash available for rent.
      2253 La Montana Way, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      3,259 SF

      Gas Station & Convenience Store

      3,259 SF gas station and convenience store on 1.05 acres.
      4605 Austin Bluffs Pkwy, Colorado Springs, CO 80918
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    • $24 SF/Yr
      3,520 SF

      Auto Shop with Service Bays

      Auto-related building with service bays and paved parking.
      2255 La Montana Way, Colorado Springs, CO 80918
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    • $14 SF/Yr
      15,249 SF

      Versatile Commercial Spaces For Lease

      Exceptional commercial spaces available for lease in two well-maintained buildings.
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    • $12 SF/Yr
      4,095 SF

      Retail Space in Austin Bluffs

      Retail space available in a prominent shopping center.
      4160-4174 Austin Bluffs Pkwy, Colorado Springs, CO 80918
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    • $16 SF/Yr
      2,278 SF

      Retail Space on Lehman Drive

      Prime commercial space with high visibility and ample parking.
      6217 Lehman Dr, Colorado Springs, CO 80918
      View Details
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    2253 La Montana Way
    Colorado Springs, CO 80918
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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