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Property profile & analytics
OFF-MARKET
Estimated value
$17,080,000
Distribution centers
2520 Zeppelin Rd, Colorado Springs, CO 80916
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2159820
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2021
Total area
109,200 SF
Lot
6.13 ac (267,023 SF)
Zoning code
PIP2/CR AO
APN
6436103005
UPID
US13-2159820
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
-
Builders FirstSource Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.59M
Comparable Approach
Comparable
$23.39M
Blend (final)
Blend
$17.08M
Owner & transaction history
Bfs Group LLC · 3 yrs held
Bfs Group LLC
since 2022
Last sale
$17.0M
3 recorded transactions
Zoning & alternative use
PIP2/CR AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$26.9M
+55.9%
Medical building
$26.3M
+52.4%
Office building
$23.3M
+35.3%
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
$15,730,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,140,000
6.5%
$18,590,000
7%
$17,260,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,240,000
Current use
AUTO REPAIR, GARAGE
$26,880,000
Change: +56% · Conversion: Easy
MEDICAL BUILDING
$26,265,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$23,320,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$17.08M
Range $15.37M – $18.79M · ±10% · vs last sale $17.00M (Jun 27 2022)
Last sale anchor
$17.00M
Jun 27 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
$156 / 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
$243,053
Tax year 2023
Assessed value
$4,742,740
Assessed 2023
Previous assessed
$4,742,740
+0.0% YoY
Effective rate
5.12%
On assessed value
Assessed land
$253,300
Assessed improvement
$4,489,440
Land market value
$907,875
Improvement market value
$16,091,173
Total market value
$16,999,048
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
2021
Heating
NONE
Stories
1
Total area
109,200 SF
Lot
6.13 ac (267,023 SF)
Zoning code
PIP2/CR AO
APN
6436103005
UPID
US13-2159820
Jurisdiction
EL PASO
Zoning & alternative use
PIP2/CR AO · Colorado Springs, CO
Zoning PIP2/CR AO · permitted uses
PIP2/CR AO · 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
$17.2M
AUTO REPAIR, GARAGE
Est. value
$26.9M
MEDICAL BUILDING
Est. value
$26.3M
OFFICE BUILDING
Est. value
$23.3M
WAREHOUSE, STORAGE Current
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
2021
Heating
NONE
Stories
1
Lot
6.13 ac
Current owner
From public records · entity-resolved
Bfs Group LLC
Entity
Mailing address
300 SPECTRUM CTR DR STE #300, IRVINE, CA 92618-4987
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2022
—
Bfs Group LLC
Zeppelin Road Industrial LLC
Lease
—
Jun 27, 2022
$17,000,000
Zeppelin Road Industrial LLC
Scannell Properties 382 LLC
Special Warranty Deed
—
Dec 22, 2020
—
Scannell Properties 382 LLC
—
Deed
related
$7,231,339 · Bokf NA
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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