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Property profile & analytics
FOR SALE
Manufacturing properties
2903 N Prospect St Colorado Springs, CO 80907
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-0833521
For Sale
1 / 2
$2,100,000
2903 N Prospect St, Colorado Springs, CO 80907
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Construction
STEEL FRAME
Total area
18,237 SF
Lot
0.93 ac (40,606 SF)
Zoning code
M1 CU
APN
6332306074
UPID
US13-0833521
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
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.22M
Owner & transaction history
Ochs Brothers · 8 yrs held
Ochs Brothers
since 2018
4 recorded transactions
Zoning & alternative use
M1 CU · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$67 / 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
$12,431
Tax year 2023
Assessed value
$226,890
Assessed 2023
Previous assessed
$226,890
+0.0% YoY
Effective rate
5.48%
On assessed value
Assessed land
$61,740
Assessed improvement
$165,150
Land market value
$221,303
Improvement market value
$591,949
Total market value
$813,252
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1966
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
18,237 SF
Lot
0.93 ac (40,606 SF)
Zoning code
M1 CU
APN
6332306074
UPID
US13-0833521
Jurisdiction
EL PASO
Zoning & alternative use
M1 CU · Colorado Springs, CO
Zoning M1 CU · permitted uses
M1 CU · 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
1966
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Ochs Brothers
Individual
Mailing address
1027 VIS GRANDE DR, COLORADO SPRINGS, CO 80906-5827
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2018
—
Ochs Brothers
Lock Ranch INC
Quit Claim Deed
related
$880,000 · 5star Bank
Jan 15, 2014
$750,000
2903 Prospect LLC
Dah LLC
Warranty Deed
$450,000 · Bank Of Co
Dec 6, 2005
$640,000
Dah LLC
Bishop Ltd Family Partnership LLP
Special Warranty Deed
$491,000 · Wells Fargo Bank NA
—
—
Dah LLC
—
Deed Of Trust
related
$506,000 · Front Range Regular Economic
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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