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Property profile & analytics
OFF-MARKET
Estimated value
$4,505,000
Grocery and convenience stores
2880 Cir Dr Colorado Springs, CO 80906-4111
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-2799872
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2017
Construction
WOOD FRAME
Total area
3,017 SF
Lot
0.68 ac (29,835 SF)
Zoning code
PBC UV
APN
6429408011
UPID
US13-2799872
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
-
Phillips 66 Car Wash
-
Western Union Bank Credit Union
-
7-Eleven Grocery & Convenience Store
-
Bay Bays Korn Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$4.51M
Owner & transaction history
Mayfield Gardens LLC · 4 yrs held
Mayfield Gardens LLC
since 2022
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
PBC UV · 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
$4,300,000
ML approach
$4,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.51M
Range $4.05M – $4.96M · ±10% · vs last sale $4.65M (May 24 2022)
Last sale anchor
$4.65M
May 24 2022
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
$1,493 / 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
$16,023
Tax year 2023
Assessed value
$256,290
Assessed 2023
Previous assessed
$256,290
+0.0% YoY
Effective rate
6.25%
On assessed value
Assessed land
$130,690
Assessed improvement
$125,600
Land market value
$468,410
Improvement market value
$450,184
Total market value
$918,594
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
2017
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
3,017 SF
Lot
0.68 ac (29,835 SF)
Zoning code
PBC UV
APN
6429408011
UPID
US13-2799872
Jurisdiction
EL PASO
Zoning & alternative use
PBC UV · Colorado Springs, CO
Zoning PBC UV · permitted uses
PBC UV · 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
2017
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Mayfield Gardens LLC
Entity
Free & Clear · 4 yrs held
Mailing address
12424 WILSHIRE BLVD STE #1040, LOS ANGELES, CA 90025-1071
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
$4,648,900
Mayfield Gardens LLC
Greene Pae I LLC
Special Warranty Deed
—
Jan 14, 2021
—
Greene-pae LLC
J Greene Third Limited Partner
Quit Claim Deed
—
Mar 15, 2018
—
J Greene Third Family Ptshp
Wf-se 38130 LLC
Grant Deed
$1,100,000 · Bank Of Hemet
Jul 14, 2017
$850,000
Wf-se 38130 LLC
K & C LLC
Warranty Deed
—
Aug 24, 2006
$785,000
K & C LLC
Paradisus Investments LLC
Warranty Deed
$624,000 · Nara Bank
May 25, 2001
$475,000
Paradisus Investments LLC
Conoco INC
Grant Deed
$9,950,000 · Shell Capital INC
—
—
Greene Pae LLC
—
Loan Modification
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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