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Property profile & analytics
OFF-MARKET
Distribution centers
2309 Rand Ave Colorado Springs, CO 80905-2847
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0913503
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,965 SF
Lot
0.34 ac (15,000 SF)
Zoning code
M1
APN
6429404013
UPID
US13-0913503
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
-
Front Range Shuttle LLC Moving Company Logistics Company
-
Rocky Mountain Constructors LLC Construction Company
-
Amigo Towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Auto Discount Towing INC · 2 yrs held
Auto Discount Towing INC
since 2024
Last sale
$390,000
7 recorded transactions
Zoning & alternative use
M1 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,910
Tax year 2023
Assessed value
$104,020
Assessed 2023
Previous assessed
$104,020
+0.0% YoY
Effective rate
4.72%
On assessed value
Assessed land
$17,370
Assessed improvement
$86,650
Land market value
$62,250
Improvement market value
$310,565
Total market value
$372,815
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
1,965 SF
Lot
0.34 ac (15,000 SF)
Zoning code
M1
APN
6429404013
UPID
US13-0913503
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.
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Auto Discount Towing INC
Entity
Mailing address
867 EAGLE BND DR, COLORADO SPRINGS, CO 80911-3839
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
$390,000
Auto Discount Towing INC
Corey Watson
Warranty Deed
—
Jul 16, 2020
—
Corey Watson
Jose M Banuelos
Quit Claim Deed
—
Nov 1, 2018
—
Corey Watson
Lvb Investment Corp
Quit Claim Deed
related
—
Nov 1, 2018
$300,000
Jose M Banuelos
Watson,corey
Warranty Deed
$270,000 · Corey Watson
Jun 5, 2018
—
Corey Watson
—
Deed
related
$3,056 · Arthur J Mcnelly
Jun 2, 2015
$212,000
Lvb Investment Corp
Mcnelly Arthur J
Grant Deed
$172,000 · Arthur J Mcnelly
Aug 8, 2014
—
Arthur J Mcnelly
—
Trustees Deed
related
$102,750 · Pete Lien & Sons INC
—
—
Corey Watson
—
Deed Of Trust
related
$3,056 · Arthur J Mcnelly
—
—
Arthur J Mcnelly
—
Deed Of Trust
related
$250,000 · American National Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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