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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2801 Nevada Ave Colorado Springs, CO 80907-6222
Trust Owned
9-yr Hold
Free & Clear
Property ID
US13-2695889
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1972
Construction
STEEL FRAME
Total area
1,847 SF
Lot
0.59 ac (25,740 SF)
Zoning code
C6 NNA
APN
6331409005
UPID
US13-2695889
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
-
ATM Atm
-
A&M Auto Sales Car Dealership
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
Awad,mazen Trust · 9 yrs held
Awad,mazen Trust
since 2017
7 recorded transactions
Zoning & alternative use
C6 NNA · 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
$4,869
Tax year 2023
Assessed value
$95,920
Assessed 2023
Previous assessed
$95,920
+0.0% YoY
Effective rate
5.08%
On assessed value
Assessed land
$72,890
Assessed improvement
$23,030
Land market value
$261,261
Improvement market value
$82,554
Total market value
$343,815
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
1,847 SF
Lot
0.59 ac (25,740 SF)
Zoning code
C6 NNA
APN
6331409005
UPID
US13-2695889
Jurisdiction
EL PASO
Zoning & alternative use
C6 NNA · Colorado Springs, CO
Zoning C6 NNA · permitted uses
C6 NNA · 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
1972
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Awad,mazen Trust
Trust
Free & Clear · 9 yrs held
Mailing address
1089 E EASTER WAY, CENTENNIAL, CO 80122-5206
Ownership since
2017
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
Jun 30, 2017
—
Awad,mazen Trust
Awad,mazen
Quit Claim Deed
related
—
Mar 23, 2016
—
Colorado Springs Property LLC
Awad,mazen
Quit Claim Deed
related
—
Oct 29, 2013
$321,000
Mazen Awad
Cielo Capital Nevada LLC
Grant Deed
—
Oct 2, 2012
$260,000
Cielo Capital Nevada LLC
500 S Lincoln LLC
Grant Deed
$280,000 · John C Richert
Jun 18, 2010
—
500 S Lincoln LLC
—
Deed Of Trust
related
$1,706,725 · Vectra Bank Colorado NA
Aug 31, 2009
—
500 South Lincoln LLC
Sheriff Of El Paso County
Trustees Deed
related
—
Aug 19, 2009
$592,312
500 South Lincoln LLC
Sheriff Of El Paso County
Trustees Deed
—
Jun 13, 2005
$560,000
Shanti Shrestha
500 S Lincoln LLC
Warranty Deed
$520,000 · 500 South Lincoln
May 24, 1999
$520,000
500 S Lincoln LLC
Routt,rossevelt F & Susan F
Grant Deed
$836,000 · Vectra Bank Colorado NA
—
—
500 S Lincoln LLC
—
Deed Of Trust
related
$1,706,725 · Vectra Bank Colorado NA
—
—
500 S Lincoln LLC
—
Deed Of Trust
related
$975,241 · Vectra Bank Colorado NA
—
—
500 S Lincoln LLC
—
Deed Of Trust
related
$75,000 · Vectra Bank Colorado 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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