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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Self service car washes
2370 Hancock Expy, Colorado Springs, CO 80910-1167
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0308234
Property profile
Verified
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,208 SF
Lot
0.41 ac (17,850 SF)
Zoning code
M1/CR CU
APN
6428403001
UPID
US13-0308234
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
-
Hancock Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$670k
Owner & transaction history
Jackson Auto Wash Services LLC · 4 yrs held
Jackson Auto Wash Services LLC
since 2022
Last sale
$695,000
5 recorded transactions
Zoning & alternative use
M1/CR CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$850,000
+56.3%
Neighborhood: shopping center
$590,000
+8.3%
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
$645,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$545,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: +56% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$470,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$465,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $695k (Apr 1 2022)
Last sale anchor
$695k
Apr 1 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
$303 / 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
$4,077
Tax year 2023
Assessed value
$87,790
Assessed 2023
Previous assessed
$87,790
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$15,440
Assessed improvement
$72,350
Land market value
$55,335
Improvement market value
$259,315
Total market value
$314,650
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
Self service car washes
Use group
CAR WASH - SELF-SERVE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
5
Total area
2,208 SF
Lot
0.41 ac (17,850 SF)
Zoning code
M1/CR CU
APN
6428403001
UPID
US13-0308234
Jurisdiction
EL PASO
Zoning & alternative use
M1/CR CU · Colorado Springs, CO
Zoning M1/CR CU · permitted uses
M1/CR 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
AUTO REPAIR, GARAGE Current
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
MEDICAL BUILDING
Est. value
$530,000
OFFICE BUILDING
Est. value
$470,000
RETAIL STORES
Est. value
$465,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
5
Lot
0.41 ac
Current owner
From public records · entity-resolved
Jackson Auto Wash Services LLC
Entity
Mailing address
2618 MAYOTTE WAY, CASTLE ROCK, CO 80109-3897
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$695,000
Jackson Auto Wash Services LLC
Generations LLC
Warranty Deed
$347,500 · Generations LLC
Aug 31, 2018
$263,500
Generations LLC
Duachais LLC
Grant Deed
—
Aug 5, 2010
$338,147
Duachais LLC
Scheffe Co LLC
Warranty Deed
—
Jul 10, 2001
$310,000
Scheffe Co LLC
Pring,albert A & Charlene K
Grant Deed
$234,873 · First Nat'l Bank Colorado Spri
—
—
Generations LLC
—
Loan Modification
related
$222,000 · Duachais LLC
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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