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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Distribution centers
30 Costilla St Colorado Springs, CO 80903-3812
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0631857
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,599 SF
Lot
0.33 ac (14,250 SF)
Zoning code
FBZ-CEN
APN
6418312004
UPID
US13-0631857
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
$1.90M
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.92M
Owner & transaction history
14 Costilla LLC · 4 yrs held
14 Costilla LLC
since 2021
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+62.0%
Office building
$2.6M
+51.6%
Auto repair, garage
$2.6M
+49.6%
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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$1,945,000
6.5%
$1,795,000
7%
$1,670,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,745,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,825,000
Change: +62% · Conversion: Moderate
OFFICE BUILDING
$2,640,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,610,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$2,550,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10% · vs last sale $2.00M (Sep 1 2021)
Last sale anchor
$2.00M
Sep 1 2021
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
$181 / 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
$12,529
Tax year 2023
Assessed value
$217,940
Assessed 2023
Previous assessed
$217,940
+0.0% YoY
Effective rate
5.75%
On assessed value
Assessed land
$57,450
Assessed improvement
$160,490
Land market value
$205,913
Improvement market value
$575,218
Total market value
$781,131
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
10,599 SF
Lot
0.33 ac (14,250 SF)
Zoning code
FBZ-CEN
APN
6418312004
UPID
US13-0631857
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Zoning FBZ-CEN · permitted uses
FBZ-CEN · 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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
14 Costilla LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1385, COLORADO SPRINGS, CO 80901-1385
Ownership since
2021
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
Sep 1, 2021
—
14 Costilla LLC
Betsy Family Partnership Lllp
Quit Claim Deed
related
—
Sep 1, 2021
$2,000,000
14 Costilla LLC
Betsy Family Partnership Lllp
Special Warranty Deed
—
Dec 28, 2010
—
Betsy Family Ptshp Lllp
Smisek,elizabeth C
Quit Claim Deed
related
—
Nov 1, 2010
—
Elizabeth C Smisek
Cowen Lawrence D SR Trust
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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