Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Retail space
2850 Canon Ave Cascade, CO 80809
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1474961
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
WOOD FRAME
Total area
11,382 SF
Lot
463.83 ac (20,204,435 SF)
Zoning code
F-5
APN
7300000474
UPID
US13-1474961
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
$2.51M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.20M
Owner & transaction history
Carey Grant · 6 yrs held
Carey Grant
since 2019
2 recorded transactions
Zoning & alternative use
F-5 · Cascade, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.6M
+35.0%
Neighborhood: shopping center
$3.2M
+17.5%
Auto repair, garage
$3.1M
+15.1%
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 Cascade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cascade 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%
$2,715,000
6.5%
$2,505,000
7%
$2,325,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,680,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,615,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,150,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,085,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$2,765,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$2,465,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±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
$193 / 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
Assessed value
$763,220
Assessed 2023
Previous assessed
$763,220
+0.0% YoY
Assessed land
$326,950
Assessed improvement
$436,270
Land market value
$1,171,850
Improvement market value
$1,563,702
Total market value
$2,735,552
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
2
Total area
11,382 SF
Lot
463.83 ac (20,204,435 SF)
Zoning code
F-5
APN
7300000474
UPID
US13-1474961
Jurisdiction
EL PASO
Zoning & alternative use
F-5 · Cascade, CO
Zoning F-5 · permitted uses
F-5 · Cascade, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cascade. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1910
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
463.83 ac
Current owner
From public records · entity-resolved
Carey Grant
Individual
Free & Clear · 6 yrs held
Mailing address
616 W MONUMENT ST, COLORADO SPRINGS, CO 80905-1215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
—
Carey Grant
George Snider
Grant Deed
related
—
Aug 28, 2017
—
Julia A Bear
Luken Elizabeth L
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2850 Canon Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
