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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Commercial real estate
3021 Hancock Ave Colorado Springs, CO 80907-5710
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-2584790
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,857 SF
Lot
0.34 ac (14,996 SF)
Zoning code
C5 CU
APN
6332402033
UPID
US13-2584790
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
-
Hellscream Haunted House Arcade & Gaming Center Family Recreation Center
-
Spring Creek Painting Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.16M
Owner & transaction history
Hell Scream LLC · 7 yrs held
Hell Scream LLC
since 2019
7 recorded transactions
Zoning & alternative use
C5 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
$1.16M
Range $1.04M – $1.28M · ±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
$98 / 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
$4,731
Tax year 2023
Assessed value
$93,450
Assessed 2023
Previous assessed
$93,450
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$42,470
Assessed improvement
$50,980
Land market value
$152,209
Improvement market value
$182,741
Total market value
$334,950
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
11,857 SF
Lot
0.34 ac (14,996 SF)
Zoning code
C5 CU
APN
6332402033
UPID
US13-2584790
Jurisdiction
EL PASO
Zoning & alternative use
C5 CU · Colorado Springs, CO
Zoning C5 CU · permitted uses
C5 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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Hell Scream LLC
Entity
Mailing address
2645 STONERIDGE DR, COLORADO SPRINGS, CO 80919-3128
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2021
—
Jeff Schinkel
—
Deed
related
$907,665 · Pikes Peak National Bank
Mar 20, 2019
—
Hell Scream LLC
Mountain Shadows Consulting LLC
Warranty Deed
$281,500 · Bank Of The San Juans
May 22, 2013
$190,000
Shadows Consulting Ll Mountain
Sa Challenger INC
Grant Deed
$241,210 · Canon National Bank
Mar 5, 2010
—
Sa Challenger INC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Feb 11, 2010
$377,200
Morning Light Prop Mgmt LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$419,250
Apr 20, 2007
$660,000
Morning Light Property Management L
Dolphin Enterprises LLC
Warranty Deed
$419,250 · Greenpoint Mortgage Funding INC
Apr 4, 2001
$438,600
Dolphin Enterprises LLC
Christ Covenant Church
Grant Deed
$200,000 · Christ Covenant Church
Mar 22, 2001
$490,000
Covenant Church Christ
Martynes,william H & Candice C
Grant Deed
—
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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