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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Warehouses
2275 Spectra Dr Colorado Springs, CO 80904-3733
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2362348
Property summary
AI-generated overview
This exceptional 6,417-square-foot warehouse, located at 2275 Spectra Drive in Colorado Springs, Colorado, presents a compelling investment opportunity. Built in 2003, this single-building property sits on a 0.57-acre lot and is zoned LI. The warehouse features two newly replaced dock-high doors at the front and a newly replaced drive-in door at the rear, providing excellent loading and unloading capabilities. Inside, the space offers ample power, including two 120V plugs and four 440V power outlets (two per bay). The property also includes a fenced rear lot, ideal for additional storage, and convenient on-site parking. This multi-tenant warehouse is priced at $1,300,000 and offers significant potential for a variety of uses, making it an attractive option for both investors and owner-occupiers seeking a well-maintained industrial space in a desirable Colorado Springs location, just west of 21st Street near Old Colorado City. The property's strategic location and versatile features combine to create a strong value proposition in the thriving Colorado Springs market. The address is 2275 Spectra Dr, Colorado Springs, CO 80904.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.57 ac (24,759 SF)
Zoning code
M1
APN
7414233007
UPID
US13-2362348
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
-
Bo Steel Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.25M
Owner & transaction history
Epcoco Rei One LLC · 1 yrs held
Epcoco Rei One LLC
since 2024
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
M1 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+35.6%
Auto repair, garage
$1.5M
+25.2%
Medical building
$1.4M
+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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$810,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,180,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,600,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,475,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$1,445,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,280,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Sep 3 2024)
Last sale anchor
$1.25M
Sep 3 2024
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
$208 / 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
$8,692
Tax year 2023
Assessed value
$167,020
Assessed 2023
Previous assessed
$167,020
+0.0% YoY
Effective rate
5.20%
On assessed value
Assessed land
$25,210
Assessed improvement
$141,810
Land market value
$90,370
Improvement market value
$508,274
Total market value
$598,644
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
2003
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
6,000 SF
Lot
0.57 ac (24,759 SF)
Zoning code
M1
APN
7414233007
UPID
US13-2362348
Jurisdiction
EL PASO
Zoning & alternative use
M1 · Colorado Springs, CO
Zoning M1 · permitted uses
M1 · 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
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
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
2003
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Epcoco Rei One LLC
Entity
Mailing address
3455 FILLMORE RDG HTS, COLORADO SPRINGS, CO 80907-9025
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
$1,250,000
Epcoco Rei One LLC
William L Kennedy
Special Warranty Deed
$625,000 · William L Kennedy Etal
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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