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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
High-rise multifamily apartments
311 Rio Grande St 391 Colorado Springs, CO 80903-4044
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-2264093
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2022
Total area
10,988 SF
Lot
1.47 ac (64,033 SF)
Zoning code
PUD CU UV
APN
6419105152
UPID
US13-2264093
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
-
Village at New South End Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.79M
CAP Approach
CAP
$2.05M
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.48M
Owner & transaction history
345 Rio Grande LLC · 5 yrs held
345 Rio Grande LLC
since 2020
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
PUD CU UV · 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
$2,745,000
ML approach
$2,785,000
CAP Approach
CAP Return
Estimation
6%
$2,225,000
6.5%
$2,050,000
7%
$1,905,000
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±10% · vs last sale $2.31M (Sep 8 2020)
Last sale anchor
$2.31M
Sep 8 2020
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
$225 / 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
$1,207,210
Assessed 2023
Previous assessed
$1,207,210
+0.0% YoY
Assessed land
$154,940
Assessed improvement
$1,052,270
Land market value
$2,312,544
Improvement market value
$15,705,456
Total market value
$18,018,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Buildings
6
Stories
3
Total area
10,988 SF
Lot
1.47 ac (64,033 SF)
Zoning code
PUD CU UV
APN
6419105152
UPID
US13-2264093
Jurisdiction
EL PASO
Zoning & alternative use
PUD CU UV · Colorado Springs, COZoning PUD CU UV · permitted uses
PUD CU UV · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Heating
FORCED AIR
Stories
3
Buildings
6
Lot
1.47 ac
Current owner
From public records · entity-resolved
345 Rio Grande LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5692 S NOME ST, ENGLEWOOD, CO 80111-4160
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2020
$2,312,544
345 Rio Grande LLC
Lowell Ventures LLC
Grant Deed
—
Mar 12, 2020
—
Lowell Ventures LLC
—
Deed Of Trust
related
$200,000 · Randall Hinton Dev LLC
Oct 19, 2018
—
Lowell Ventures LLC
—
Deed Of Trust
related
$504,000 · C Michael Hausman Rev Tr (ct)
Nov 15, 2016
$600,000
Lowell Ventures LLC
Michael E Winterfeld
Warranty Deed
—
Oct 18, 2016
$250,000
Michael E Winterfeld
Lowell Capital LLC
Warranty Deed
—
Apr 25, 2016
$250,000
Michael E Winterfeld
Lowell Capital LLC
Warranty 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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