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Property profile & analytics
OFF-MARKET
Estimated value
$7,990,000
Strip malls
314 Main St 388 Colorado Springs, CO 80911-1713
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0399286
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
81,763 SF
Lot
7.45 ac (324,522 SF)
Zoning code
CC CAD-O
APN
6511415041
UPID
US13-0399286
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
-
Security Discount Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Nash Brothers Electricians Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.99M
Owner & transaction history
Mk Colorado Springs LLC · 4 yrs held
Mk Colorado Springs LLC
since 2021
Last sale
$7.9M
4 recorded transactions
Zoning & alternative use
CC CAD-O · 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
$7,455,000
ML approach
$8,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.99M
Range $7.19M – $8.79M · ±10% · vs last sale $7.85M (Nov 2 2021)
Last sale anchor
$7.85M
Nov 2 2021
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
$168,327
Tax year 2023
Assessed value
$2,178,010
Assessed 2023
Previous assessed
$2,178,010
+0.0% YoY
Effective rate
7.73%
On assessed value
Assessed land
$411,960
Assessed improvement
$1,766,050
Land market value
$1,476,575
Improvement market value
$6,329,915
Total market value
$7,806,490
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
81,763 SF
Lot
7.45 ac (324,522 SF)
Zoning code
CC CAD-O
APN
6511415041
UPID
US13-0399286
Jurisdiction
EL PASO
Zoning & alternative use
CC CAD-O · Colorado Springs, CO
Zoning CC CAD-O · permitted uses
CC CAD-O · 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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
7.45 ac
Current owner
From public records · entity-resolved
Mk Colorado Springs LLC
Entity
Mailing address
11025 N BLACK CYN HWY, PHOENIX, AZ 85029-4719
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2021
$8,150,000
Mk Colorado Springs LLC
T Security Center Co LLC
Special Warranty Deed
$5,887,500 · Firstbank
Jul 13, 2018
$7,175,000
T Security Center Co LLC
Security LLC
Special Warranty Deed
$5,760,000 · Wells Fargo Bank NA
Feb 12, 2004
—
Security LLC
Pedrick,w R & Melanie M
Warranty Deed
related
$4,500,000 · First National Bank Las Animas
—
—
Security LLC
—
Deed Of Trust
related
$3,965,615 · First Nat'l Bk/las Animas
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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