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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Distribution centers
308 20th 1st St Colorado Springs, CO 80904
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0656846
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Construction
STEEL FRAME
Total area
8,000 SF
Lot
0.68 ac (29,547 SF)
Zoning code
C6 SS
APN
7411302032
UPID
US13-0656846
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
$1.36M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.34M
Owner & transaction history
Markann Investments LLC · 20 yrs held
Markann Investments LLC
since 2005
5 recorded transactions
Zoning & alternative use
C6 SS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.1M
+35.6%
Auto repair, garage
$2.0M
+25.2%
Medical building
$1.9M
+22.3%
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%
$1,470,000
6.5%
$1,355,000
7%
$1,260,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,575,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,130,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,970,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$1,925,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,710,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$168 / 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
Assessed value
$208,010
Assessed 2023
Previous assessed
$208,010
+0.0% YoY
Assessed land
$39,160
Assessed improvement
$168,850
Land market value
$140,348
Improvement market value
$605,197
Total market value
$745,545
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
1987
Construction
STEEL FRAME
Heating
SPACE
Buildings
3
Stories
1
Total area
8,000 SF
Lot
0.68 ac (29,547 SF)
Zoning code
C6 SS
APN
7411302032
UPID
US13-0656846
Jurisdiction
EL PASO
Zoning & alternative use
C6 SS · Colorado Springs, CO
Zoning C6 SS · permitted uses
C6 SS · 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
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1987
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
3
Lot
0.68 ac
Current owner
From public records · entity-resolved
Markann Investments LLC
Entity
Free & Clear · 20 yrs held
Mailing address
14185 VOLLMER RD, COLORADO SPRINGS, CO 80908-2928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2005
$575,000
Markann Investments LLC
Kinnee,thomas R & Carla
Warranty Deed
—
—
—
Markann Investments LLC
—
Loan Modification
related
—
—
—
Thomas R Kinnee
—
Deed Of Trust
related
$182,629 · Pikes Peak National Bank
—
—
Thomas R Kinnee
—
Deed Of Trust
related
$101,742 · Pikes Peak National Bank
—
—
Markann Investments LLC
—
Deed Of Trust
related
$460,000 · Vectra Bk/co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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