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Property profile & analytics
OFF-MARKET
Retail space
3044 Colorado Ave Colorado Springs, CO 80904-2147
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0315163
Property summary
AI-generated overview
This 714-square-foot storefront, located at 3044 West Colorado Avenue in Colorado Springs, Colorado, is offered for sale at $300,000. Situated on the Highway 24 corridor, at the intersection of West Colorado Avenue and 31st Street, this property benefits from high traffic counts and a convenient location just west of Old Colorado City. Currently operating as a dispensary with a long-term lease in place, this versatile space presents multiple potential uses. The C5 zoning allows for a variety of commercial and retail businesses. The asking price equates to $420.17 per square foot. This investment opportunity is ideally situated for businesses seeking exposure to a high-traffic area, minutes from Manitou Springs and Downtown Colorado Springs. The property's address is 3044 W Colorado Ave, Colorado Springs, CO 80904.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1909
Construction
WOOD FRAME
Total area
714 SF
Lot
0.11 ac (4,800 SF)
Zoning code
C5
APN
7410102011
UPID
US13-0315163
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
-
COS Confidential - A Confidential Cannabis Dispensary (Bike/Boat/Book/etc) Store
-
Indispensary West Colorado MMJ Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Touronds LLC · 1 yrs held
Touronds LLC
since 2025
Last sale
$287,500
7 recorded transactions
Zoning & alternative use
C5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,125
Tax year 2023
Assessed value
$47,150
Assessed 2023
Previous assessed
$47,150
+0.0% YoY
Effective rate
4.51%
On assessed value
Assessed land
$16,740
Assessed improvement
$30,410
Land market value
$60,000
Improvement market value
$108,986
Total market value
$168,986
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1909
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Rooms
7
Bathrooms
1
Total area
714 SF
Lot
0.11 ac (4,800 SF)
Zoning code
C5
APN
7410102011
UPID
US13-0315163
Jurisdiction
EL PASO
Zoning & alternative use
C5 · Colorado Springs, CO
Zoning C5 · permitted uses
C5 · 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
1909
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Rooms
7
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Touronds LLC
Entity
Mailing address
3030 E PLATTE AVE, COLORADO SPRINGS, CO 80909-6243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
$287,500
Touronds LLC
Lewis R Lambert
Personal Rep. Deed
—
Feb 16, 2024
—
Raymond Lambert Lewis
—
Deed
related
$120,000 · Jared James Stanley
Feb 21, 2020
—
Orville D Lambert
—
Deed
related
—
Oct 12, 2001
$151,000
Orville D Lambert
Benson,frank R
Grant Deed
$135,900 · America's Wholesale Lender
—
—
Orville D Lambert
—
Deed Of Trust
related
$50,000 · Paul G Conover
—
—
Orville D Lambert
—
Loan Modification
related
—
—
—
Orville D Lambert
—
Deed Of Trust
related
$120,000 · Wells Fargo Home Mortgage INC
—
—
Orville D Lambert
—
Deed Of Trust
related
—
—
—
Orville D Lambert
—
Deed Of Trust
related
$50,000 · Paul G Conover
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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