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Property profile & analytics
OFF-MARKET
Flex space
2650 Delta Dr Colorado Springs, CO 80910-1008
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0023629
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2020
Construction
WOOD FRAME
Total area
400 SF
Lot
2.65 ac (115,434 SF)
Zoning code
M2
APN
6434205020
UPID
US13-0023629
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tricycle Lane Texas LLC · 2 yrs held
Tricycle Lane Texas LLC
since 2023
5 recorded transactions
Zoning & alternative use
M2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,070
Tax year 2023
Assessed value
$237,700
Assessed 2023
Previous assessed
$237,700
+0.0% YoY
Effective rate
5.08%
On assessed value
Assessed land
$235,100
Assessed improvement
$2,600
Land market value
$842,668
Improvement market value
$9,325
Total market value
$851,993
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2020
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
400 SF
Lot
2.65 ac (115,434 SF)
Zoning code
M2
APN
6434205020
UPID
US13-0023629
Jurisdiction
EL PASO
Zoning & alternative use
M2 · Colorado Springs, CO
Zoning M2 · permitted uses
M2 · 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
2020
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
2.65 ac
Current owner
From public records · entity-resolved
Tricycle Lane Texas LLC
Entity
Mailing address
11401 COUNTY RD 9TH 34, LONGMONT, CO 80504-9704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Sep 22, 2023
$1,420,000
Tricycle Lane Texas LLC
Tck Properties LLC
Warranty Deed
—
Feb 16, 2017
$1,704,000
Tck Properties LLC
Advanced Ready Mix INC
Warranty Deed
$1,704,000 · Community Bankers Mortgage
Oct 8, 2014
—
Advanced Ready Mix INC
—
Grant Deed
related
$1,620,000 · Bank Of Co
Apr 16, 2010
$578,000
Advanced Ready Mix INC
Meek Family Trust
Grant Deed
$517,000 · Gene A & Joann F Meek
May 30, 2006
—
Meek Family Trust
Meek,joan & Gene
Quit Claim Deed
related
—
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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