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Property profile & analytics
OFF-MARKET
Industrial land
3120 Drennan Rd Colorado Springs, CO 80910-3801
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1435536
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
2.33 ac (101,495 SF)
Zoning code
M2/CR
APN
6434302005
UPID
US13-1435536
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Araco Enterprises LLC · 1 yrs held
Araco Enterprises LLC
since 2024
Last sale
$315,000
6 recorded transactions
Zoning & alternative use
M2/CR · 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
$2,471
Tax year 2023
Assessed value
$48,140
Assessed 2023
Previous assessed
$48,140
+0.0% YoY
Effective rate
5.13%
On assessed value
Assessed land
$48,140
Land market value
$172,540
Total market value
$172,540
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
2.33 ac (101,495 SF)
Zoning code
M2/CR
APN
6434302005
UPID
US13-1435536
Jurisdiction
EL PASO
Zoning & alternative use
M2/CR · Colorado Springs, CO
Zoning M2/CR · permitted uses
M2/CR · 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
Heating
NONE
Lot
2.33 ac
Current owner
From public records · entity-resolved
Araco Enterprises LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7470 SOUTHMOOR DR, FOUNTAIN, CO 80817-1216
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 11, 2024
$315,000
Araco Enterprises LLC
B & R Acquisitions LLC
Special Warranty Deed
—
Jul 9, 2021
$180,000
B & R Acquisitions LLC
Bin Therer Dump That Properties LLC
Warranty Deed
$600,000 · Four C INC
Oct 26, 2016
$100,000
Bin There Dump That Props LLC
Sulley,michael & Paul
Warranty Deed
—
Sep 23, 2015
—
Wanda Sulley
—
Trustees Deed
related
$40,699 · Larry Tidwell
Apr 10, 2015
—
Michael Sulley
Sulley Wanda L
Quit Claim Deed
related
—
Apr 29, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim 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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