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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Manufacturing properties
2425 Wayside Ct Colorado Springs, CO 80915-1638
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0334063
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Construction
STEEL FRAME
Total area
10,415 SF
Lot
1.42 ac (61,855 SF)
Zoning code
I-2 CAD-O
APN
5406204026
UPID
US13-0334063
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
-
Clear Max Collision Auto Repair Shop
-
Welcome to Dentist's Choice Cabinetry General Contractor
-
Contemporary Commercial Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.90M
Owner & transaction history
Dorman Dorman Real Estate LLC · 2 yrs held
Dorman Dorman Real Estate LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+101.9%
Auto repair, garage
$2.6M
+86.5%
Medical building
$2.5M
+82.2%
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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$1,575,000
6.5%
$1,455,000
7%
$1,350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,375,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,775,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,565,000
Change: +86% · Conversion: Easy
MEDICAL BUILDING
$2,505,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$2,225,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Apr 4 2024)
Last sale anchor
$1.90M
Apr 4 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
$182 / 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
$18,411
Tax year 2023
Assessed value
$254,120
Assessed 2023
Previous assessed
$254,120
+0.0% YoY
Effective rate
7.25%
On assessed value
Assessed land
$71,620
Assessed improvement
$182,500
Land market value
$256,698
Improvement market value
$654,126
Total market value
$910,824
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
10,415 SF
Lot
1.42 ac (61,855 SF)
Zoning code
I-2 CAD-O
APN
5406204026
UPID
US13-0334063
Jurisdiction
EL PASO
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Zoning I-2 CAD-O · permitted uses
I-2 CAD-O · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL) 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
2002
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Dorman Dorman Real Estate LLC
Entity
Mailing address
2425 WAYSIDE CT, COLORADO SPRINGS, CO 80915-1638
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2024
$1,900,000
Dorman Dorman Real Estate LLC
Tracy E Ackerman
Warranty Deed
$2,000,000 · Live Oak Banking Company
Mar 10, 2017
—
Tracy E Ackerman
—
Trustees Deed
related
$100,000 · Integrity Bk
Aug 31, 2016
—
Tracy E Ackerman
—
Deed
related
$100,000 · Herring Bk
Jan 10, 2014
—
Tracy E Ackerman
—
Trustees Deed
related
$50,000 · Colorado Springs St Bk
Sep 4, 2001
—
Tracy E Ackerman
—
Trustees Deed
related
$461,771 · Cheyenne Mountain Bank
Dec 6, 2000
$139,200
Tracy E Ackerman
Barile,ernest J
Grant Deed
—
—
—
Tracy E Ackerman
—
Deed Of Trust
related
—
—
—
Tracy E Ackerman
—
Loan Modification
related
$100,000 · Colorado Springs St Bk
—
—
Tracy E Ackerman
—
Deed Of Trust
related
$110,393 · Cheyenne Mountain Bank
—
—
Tracy E Ackerman
—
Loan Modification
related
$100,000 · Herring Bk
—
—
Tracy E Ackerman
—
Deed Of Trust
related
$485,972 · Cheyenne Mountain Bank
—
—
Tracy E Ackerman
—
Deed Of Trust
related
$900,000 · Legacy Bank
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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