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Property profile & analytics
FOR SALE
Residential income homes
2631 W Pikes Peak Ave Colorado Springs, CO 80904
Entity Owned
2-yr Hold
Property ID
US13-1073115
For Sale
1 / 20
$2,288,500
2631 W Pikes Peak Ave, Colorado Springs, CO 80904
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Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1948
Construction
WOOD FRAME
Total area
6,250 SF
Lot
0.79 ac (34,320 SF)
Zoning code
PUD R5
APN
7411226002
UPID
US13-1073115
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.20M
Owner & transaction history
Rcg 2631 W Pikes Peak Ave LLC · 2 yrs held
Rcg 2631 W Pikes Peak Ave LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
PUD R5 · 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
Method
Estimation
Statistic approach
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (May 22 2024)
Last sale anchor
$1.20M
May 22 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
$192 / 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
Assessed value
$34,550
Assessed 2023
Previous assessed
$34,550
+0.0% YoY
Assessed land
$14,260
Assessed improvement
$20,290
Land market value
$212,784
Improvement market value
$302,860
Total market value
$515,644
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1948
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
6,250 SF
Lot
0.79 ac (34,320 SF)
Zoning code
PUD R5
APN
7411226002
UPID
US13-1073115
Jurisdiction
EL PASO
Zoning & alternative use
PUD R5 · Colorado Springs, CO
Zoning PUD R5 · permitted uses
PUD R5 · 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
1948
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Rcg 2631 W Pikes Peak Ave LLC
Entity
Mailing address
555 E 8TH AVE, DENVER, CO 80203-3715
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
$1,200,000
Rcg 2631 W Pikes Peak Ave LLC
Greccio Housing Unlimited INC
Special Warranty Deed
—
Aug 8, 2000
$575,000
Greccio Housing Unlimited INC
Cook,frank W
Trustees Deed
$245,000 · Wells Fargo Bank West NA
Aug 8, 2000
—
Cook,frank W
Valley View Apt INC
Trustees Deed
related
—
—
—
Greccio Housing Unlimited INC
—
Deed Of Trust
related
$200,560 · Wells Fargo Bank
—
—
Greccio Housing Unlimited INC
—
Loan Modification
related
$119,971 · El Paso County Hsng Authority
—
—
Greccio Housing Unlimited INC
—
Loan Modification
related
$37,770 · El Paso County Hsng Authority
—
—
Matthew R Gauron
—
Deed Of Trust
related
$194,750 · Mortgage Solutions/co
—
—
Valley View INC
—
Deed Of Trust
related
$26,386 · Argent Co
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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