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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Grocery and convenience stores
2825 Briargate Blvd Colorado Springs, CO 80920-4122
Entity Owned
14-yr Hold
Free & Clear
Property ID
US13-0939246
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,628 SF
Lot
1.49 ac (64,904 SF)
Zoning code
PBC
APN
6303312243
UPID
US13-0939246
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
-
Conoco Car Wash
-
Western Union Bank Credit Union
-
ProWash Car Wash Car Wash
-
7-Eleven Grocery & Convenience Store
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$650k
Owner & transaction history
7-eleven INC · 14 yrs held
7-eleven INC
since 2011
5 recorded transactions
Zoning & alternative use
PBC · 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
by Request
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$830,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$965,000
Current use
AUTO REPAIR, GARAGE
$895,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$875,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$850,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
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
$179 / 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
$18,261
Tax year 2023
Assessed value
$280,940
Assessed 2023
Previous assessed
$280,940
+0.0% YoY
Effective rate
6.50%
On assessed value
Assessed land
$209,150
Assessed improvement
$71,790
Land market value
$749,641
Improvement market value
$257,298
Total market value
$1,006,939
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
3,628 SF
Lot
1.49 ac (64,904 SF)
Zoning code
PBC
APN
6303312243
UPID
US13-0939246
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, CO
Zoning PBC · permitted uses
PBC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$895,000
MEDICAL BUILDING
Est. value
$875,000
OFFICE BUILDING
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER 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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
7-eleven INC
Entity
Free & Clear · 14 yrs held
Mailing address
1722 ROUTH ST STE #1000, DALLAS, TX 75201-2504
Ownership since
2011
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
Nov 18, 2011
$1,194,000
7-eleven INC
Convenience Retailers LLC
Grant Deed
related
—
Nov 8, 2011
$1,197,000
7-eleven INC
Convenience Retailers LLC
Grant Deed
—
Mar 23, 2009
—
Convenience Retailers LLC
—
Deed Of Trust
related
$1,000,000 · Conocophillips Co
Feb 25, 2008
—
Convenience Retailers LLC
Kayo Oil
Grant Deed
—
Dec 31, 2003
—
Kayo Oil Co
Conocophillips Co
Grant 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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