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    2312 Platte Ave Colorado Springs, CO 80909-6037
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    Property profile & analytics

    2312 Platte Ave, Colorado Springs, CO 80909-6037

    View on Map
    • Strip malls
    • 35,461 SF
    • 2.77 lot acres
    Off-Market
    Last Sale Jan 10, 2025
    $1,850,000
    Property ID
    US13-0366423
    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.
    Value Estimations
    $1,900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Megaprint Colorado Springs / (Bike/Boat/Book/etc) Store / Printing Service
    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Elmst Tattoos / Tattoo & Piercing Shop

    Property Details for 2312 Platte Ave

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.77 lot acres
    Zone code
    C6
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    6416210021
    APU
    6416210021

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 9, 2025 — Among Zach LLC — Deed · related $4M · The Stockmens Bank
    Jan 10, 2025 $1,850,000 Zach LLC Crossing Church Of Crstn & Msny All Special Warranty Deed $2.3M · The Stockmens Bank
    Jan 10, 2025 — Zach LLC — Deed · related $2.3M · The Stockmens Bank
    Oct 25, 2018 — Crossing Ch Of The Christian Crossing Ch Of The Christian Quit Claim Deed · related $1.3M · Alliance Dev Fund
    Apr 7, 2010 $900,000 Armando D Nayares Adams Bk & Trust Grant Deed $734k · Adams Bank & Trust
    Oct 16, 2009 — Adams Bk & Trust Deputy Public Te Of El Paso Cnty Trustees Deed · related —
    Sep 24, 2009 $925,000 Cisco Center LLC Deputy Public Te Of El Paso Cnty Certificate Of Purchase $1.3M
    Jun 25, 2009 $900,000 Cisco Center LLC Deputy Public Te Of El Paso Cnty Certificate Of Purchase $1.3M
    Sep 29, 1998 $960,000 Loomis Ave 4380 Eskanos & Co Grant Deed —
    — — Cisco Center LLC — Deed Of Trust · related $1.3M · Adams Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,840,000
      ML approach
      $2,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,353,000
      Market price range: $707k - $2.66M

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.786
    Latitude
    38.8378
    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
    $297,930
    $450,090
    $748,020
    -
    $1,067,851
    $1,613,228
    $2,681,079

    Comparable in this City

    • Value Estimation
      $6,480,000
      45,300 SF

      3805 Pike Peak Ave

      SHOPPING CENTER, STRIP CENTER
      3805 Pike Peak Ave, Colorado Springs, CO 80909-6716
      View Details
    • Value Estimation
      $2,790,000
      37,260 SF

      1330 Academy Blvd

      SHOPPING CENTER, STRIP CENTER
      1330 Academy Blvd, Colorado Springs, CO 80909-3314
      View Details
    • Value Estimation
      $2,370,000
      16,000 SF

      2905 Galley Rd

      SHOPPING CENTER, STRIP CENTER
      2905 Galley Rd, Colorado Springs, CO 80909-5032
      View Details
    • Value Estimation
      $525,000
      4,440 SF

      101 Un Blvd

      SHOPPING CENTER, STRIP CENTER
      101 Un Blvd, Colorado Springs, CO 80909-5703
      View Details
    • Value Estimation
      $3,035,000
      27,135 SF

      2355 Academy Blvd

      SHOPPING CENTER, STRIP CENTER
      2355 Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Value Estimation
      $2,615,000
      19,772 SF

      1510 Academy Blvd, Unit 1624

      SHOPPING CENTER, STRIP CENTER
      1510 Academy Blvd, Colorado Springs, CO 80909-2720
      View Details

    Similar Nearby for Sale

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      Established Restaurant Property For Sale

      Well-maintained restaurant with high visibility and redevelopment potential.
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      Automotive Retail on High Traffic

      Automotive retail location near Memorial Park on East Pikes Peak.
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      Upgraded Commercial Property For Sale

      Recently upgraded commercial property with fenced lot and highway access.
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    • $350,000
      0.32 Acres

      Commercial Property with Large Lot

      Versatile commercial property ideal for various business operations.
      2020 E Kiowa St, Colorado Springs, CO 80909
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      900 SF

      Car Lot with Office

      Car lot with office building/shop available for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      5,168 SF

      Retail Space on Academy Boulevard

      Retail space available in a well-located shopping center.
      201-223 N Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      2,700 SF

      Dominant Power Center Space

      Retail space available in dominant power center.
      507-907 N Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      11,800 SF

      Retail Space in Power Center

      Retail space in a busy Colorado Springs power center.
      801-945 N Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      Retail Opportunity in Colorado Springs

      Retail spaces available in rapidly expanding Colorado Springs community.
      Rustic Hl Shopping Ctr, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      Retail Space on Academy Boulevard

      Retail space available in a well-located shopping center.
      201 N Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      1,203 SF

      High-Traffic Retail Endcap Space

      Retail space in a high-traffic shopping center.
      1157-1237 N Circle Dr, Colorado Springs, CO 80909
      View Details
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    2312 Platte Ave
    Colorado Springs, CO 80909-6037
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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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