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Property profile & analytics
OFF-MARKET
Estimated value
$3,360,000
Outlet malls
265 Hwy 105 Monument, CO 80132-8808
Entity Owned
~
Est. High Equity
Property ID
US13-0889105
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,408 SF
Lot
2.69 ac (117,176 SF)
Zoning code
CC
APN
7114302028
UPID
US13-0889105
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
by Request
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.36M
Owner & transaction history
265 W Highway 105 LLC
265 W Highway 105 LLC
since 2025
Last sale
$4.2M
4 recorded transactions
Zoning & alternative use
CC · Monument, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+43.9%
Warehouse, storage
$4.7M
+37.9%
Apartment house (5+ units)
$4.6M
+35.0%
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 Monument submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monument 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,435,000
6.5%
$3,170,000
7%
$2,945,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,390,000
Current use
COMMERCIAL (GENERAL)
$4,880,000
Change: +44% · Conversion: Easy
WAREHOUSE, STORAGE
$4,675,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,575,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,985,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,900,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$3,500,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±10% · vs last sale $4.20M (Aug 7 2025)
Last sale anchor
$4.20M
Aug 7 2025
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
$233 / 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
$30,037
Tax year 2023
Assessed value
$430,510
Assessed 2023
Previous assessed
$430,510
+0.0% YoY
Effective rate
6.98%
On assessed value
Assessed land
$246,830
Assessed improvement
$183,680
Land market value
$884,679
Improvement market value
$658,361
Total market value
$1,543,040
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
14,408 SF
Lot
2.69 ac (117,176 SF)
Zoning code
CC
APN
7114302028
UPID
US13-0889105
Jurisdiction
EL PASO
Zoning & alternative use
CC · Monument, CO
Zoning CC · permitted uses
CC · Monument, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monument. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL 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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.69 ac
Current owner
From public records · entity-resolved
265 W Highway 105 LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$4,200,000
265 W Highway 105 LLC
3605 Round Lake Investors LLC
Special Warranty Deed
$3,150,000 · Firstbank
Jan 7, 2025
—
3605 Round Lake Investors LLC
—
Deed
related
$3,130,785 · Stride Bank NA
Nov 24, 2010
$6,110,345
3605 Round Lake Investors LLC
Nld Holdings IV LLC
Grant Deed
$8,089,000 · Key Bank & Trust
Jul 30, 2008
$1,375,000
Nld Holdings IV LLC
Tsuda,melvyn H & Linda R
Grant Deed
related
$5,670,000 · Bremer Bank 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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