2829 Colorado Ave Colorado Springs, CO 80904-2443
Individually Owned
7-yr Hold
~
Est. High Equity
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID
US13-0757050
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1899
Construction
WOOD FRAME
Total area
5,759 SF
Lot
0.4 ac (17,520 SF)
Zoning code
C5 UV
APN
7411229018
UPID
US13-0757050
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$260k
Owner & transaction history
since 2019
4 recorded transactions
Zoning & alternative use
C5 UV · Colorado Springs, CO
Top alternative use upside
Neighborhood: shopping center
$1.5M
+42.2%
Auto repair, garage
$1.4M
+31.3%
Medical building
$1.4M
+28.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$260k
Value range
$234k – $286k
±10% around blend
Estimated value / SF
$45 / SF
Confidence
Low
4 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
40
$234k
blend $260k
$286k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,759 SF
Lot area
0.4 ac
Year built
1899
Stories
1
APN
7411229018
Assessed value
$257,240
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.07M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.16M
@ 6.5% CAP return
$1.07M
@ 7% CAP return
$990k
4
Sales comparison
Partial preview
Sales approach indication
$1.02M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.5 mi away · 5,115 SF
6.5 mi away · 4,950 SF
7.0 mi away · 5,530 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$260k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$188
-76%
Submarket 135 sales
$210
-79%
County 168 sales
$235
-81%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $45/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+42%
vs current-use indication
Auto Repair, Garage
Medical Building
Office Building
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$257k
Move the market yield to see immediate price impact.
Value / SF
$45
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$16k
$324k
$232k
$180k
$18k
$360k
$257k
$200k
$20k
$396k
$283k
$220k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$599k
3.2 mi · Jan 2026 · $93/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$257,240
Assessed 2023
Previous assessed
$257,240
+0.0% YoY
Assessed land
$67,210
Assessed improvement
$190,030
Land market value
$240,900
Improvement market value
$681,128
Total market value
$922,028
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1899
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Total area
5,759 SF
Lot
0.4 ac (17,520 SF)
Zoning code
C5 UV
APN
7411229018
UPID
US13-0757050
Jurisdiction
EL PASO
Zoning & alternative use
C5 UV · Colorado Springs, COZoning C5 UV · permitted uses
C5 UV · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1899
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Lot
0.4 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C5 UV
Jurisdiction
Colorado Springs, CO
Recorded code
C5 UV
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C5 UV in Colorado Springs, CO.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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