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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Warehouses
2303 Bott Ave Colorado Springs, CO 80904-3727
Individually Owned
~
Est. High Equity
Property ID
US13-2774604
Property summary
AI-generated overview
This exceptional self-storage facility in Colorado Springs, CO, presents a compelling investment opportunity. Located at 2303 Bott Ave, zip code 80904, this property boasts 17,860 net rentable square feet, encompassing 136 units. Built in phases (1972 and 1982), the facility currently enjoys an impressive 87% occupancy rate. The property benefits from a prime location with excellent visibility and accessibility off Bott Avenue, catering to both residential and commercial clients. Market analysis reveals a strong demographic profile, with a substantial population and high average household income within a 3- and 5-mile radius (3-mile population: 56,702, avg. HHI: $101,728
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,500 SF
Lot
0.52 ac (22,500 SF)
Zoning code
M1 CU
APN
7411317022
UPID
US13-2774604
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
-
Plasco Storage Storage Facility
-
American Drywall Services Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.06M
Owner & transaction history
Incline Self Storage Real Estate Ll
Incline Self Storage Real Estate Ll
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
M1 CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+95.7%
Neighborhood: shopping center
$1.2M
+35.6%
Auto repair, garage
$1.1M
+25.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$885,000
Current use
COMMERCIAL (GENERAL)
$1,730,000
Change: +96% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,200,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,110,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$1,080,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$845,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.05M (May 14 2025)
Last sale anchor
$1.05M
May 14 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
$236 / 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
$9,769
Tax year 2023
Assessed value
$186,670
Assessed 2023
Previous assessed
$186,670
+0.0% YoY
Effective rate
5.23%
On assessed value
Assessed land
$22,910
Assessed improvement
$163,760
Land market value
$82,125
Improvement market value
$586,961
Total market value
$669,086
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
3
Stories
1
Units
15
Rooms
7
Bathrooms
2
Total area
4,500 SF
Lot
0.52 ac (22,500 SF)
Zoning code
M1 CU
APN
7411317022
UPID
US13-2774604
Jurisdiction
EL PASO
Zoning & alternative use
M1 CU · Colorado Springs, CO
Zoning M1 CU · permitted uses
M1 CU · 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
$885,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$960,000
RETAIL STORES
Est. value
$845,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
3
Units
15
Rooms
7
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Incline Self Storage Real Estate Ll
Individual
Mailing address
2635 FAIRWAY DR, COLORADO SPRINGS, CO 80909-1065
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
—
Incline Self Storage Real Estate Ll
—
Deed
related
$521,000 · Colorado Lending Source Ltd
Aug 14, 2025
$1,054,750
Incline Self Storage Real Estate Ll
Sheni Holdings LLC
Special Warranty Deed
$630,000 · Rocky Mountain Bank And Trust
Aug 14, 2025
—
Incline Self Storage Real Estate Ll
—
Deed
related
$504,000 · Rocky Mountain Bank And Trust
Jun 5, 2018
—
Sheni Holdings LLC
—
Deed
related
$404,000 · Ent Cu
May 3, 2010
—
Sheni Holdings LLC
Nestor,roger & Trudy
Quit Claim Deed
related
—
Apr 2, 2004
$650,000
Roger Nestor
Foltz,ted E & Carol A
Warranty Deed
$547,280 · Ted E & Carol A Foltz
—
—
Sheni Holdings LLC
—
Deed Of Trust
related
$404,000 · Ent Cu
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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