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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Distribution centers
2270 Hancock Expy Colorado Springs, CO 80910-1182
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2557677
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,600 SF
Lot
0.48 ac (20,759 SF)
Zoning code
M1/CR
APN
6428401013
UPID
US13-2557677
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
-
The Good Guys At Earthwise Roll Off Dumpster Rentals General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$575k
Owner & transaction history
Summer Enterprises LLC · 3 yrs held
Summer Enterprises LLC
since 2022
Last sale
$595,000
7 recorded transactions
Zoning & alternative use
M1/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$885,000
+80.0%
Medical building
$865,000
+75.9%
Office building
$770,000
+56.2%
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
$550,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$490,000
Current use
AUTO REPAIR, GARAGE
$885,000
Change: +80% · Conversion: Easy
MEDICAL BUILDING
$865,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$755,000
Change: +54% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $595k (Nov 30 2022)
Last sale anchor
$595k
Nov 30 2022
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
$160 / 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
$5,764
Tax year 2023
Assessed value
$120,640
Assessed 2023
Previous assessed
$120,640
+0.0% YoY
Effective rate
4.78%
On assessed value
Assessed land
$39,960
Assessed improvement
$80,680
Land market value
$143,237
Improvement market value
$289,179
Total market value
$432,416
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
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
3,600 SF
Lot
0.48 ac (20,759 SF)
Zoning code
M1/CR
APN
6428401013
UPID
US13-2557677
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
$490,000
AUTO REPAIR, GARAGE
Est. value
$885,000
MEDICAL BUILDING
Est. value
$865,000
OFFICE BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$755,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Summer Enterprises LLC
Entity
Mailing address
3825 TEAKWOOD PL, COLORADO SPRINGS, CO 80918-3031
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
Summer Enterprises LLC
—
Deed
related
$4,000,000 · The Stockmens Bank
Jan 10, 2025
—
Zach LLC
—
Deed
related
$2,300,000 · The Stockmens Bank
Nov 30, 2022
$595,000
Summer Enterprises LLC
Monkey Brothers Properties LLC
Special Warranty Deed
$446,250 · Independent Bank
May 29, 2008
$388,000
Monkey Brothers Properties LLC
Fisher Brothers Properties LLC
Warranty Deed
$320,000 · Jpmorgan Chase Bank NA
Jan 14, 2008
$388,000
Fisher Brothers Properties LLC
John Zielinski
Warranty Deed
$320,000 · Jpmorgan Chase Bank NA
—
—
John C Zielinski
—
Deed Of Trust
related
$250,000 · Wells Fargo Bank West NA
—
—
John C Zielinski
—
Deed Of Trust
related
$250,000 · Wells Fargo 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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