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Property profile & analytics
OFF-MARKET
Estimated value
$4,760,000
Strip malls
3255 Platte Ave Colorado Springs, CO 80909-6429
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0320522
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,880 SF
Lot
1.93 ac (84,071 SF)
Zoning code
C6
APN
6415221003
UPID
US13-0320522
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
-
Nana's Bakery Inc Bakery Specialty Food Shop
-
Peter Martinez - State Farm Insurance Agent Insurance Agency
-
Curry Culture Restaurant
-
First Cash Pawn Discount Store (Bike/Boat/Book/etc) Store
-
La Mochila Mexican Food Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.74M
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
$6.32M
Blend (final)
Blend
$4.76M
Owner & transaction history
Kgn Investments LLC · 4 yrs held
Kgn Investments LLC
since 2021
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.7M
+44.3%
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
$4,605,000
ML approach
$4,735,000
CAP Approach
CAP Return
Estimation
6%
$4,580,000
6.5%
$4,230,000
7%
$3,925,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,300,000
Current use
COMMERCIAL (GENERAL)
$7,650,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$4,780,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.24M · ±10% · vs last sale $4.85M (Dec 22 2021)
Last sale anchor
$4.85M
Dec 22 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
$239 / 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
$560,700
Assessed 2023
Previous assessed
$560,700
+0.0% YoY
Assessed land
$228,690
Assessed improvement
$332,010
Land market value
$819,683
Improvement market value
$1,190,006
Total market value
$2,009,689
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
19,880 SF
Lot
1.93 ac (84,071 SF)
Zoning code
C6
APN
6415221003
UPID
US13-0320522
Jurisdiction
EL PASO
Zoning & alternative use
C6 · Colorado Springs, CO
Zoning C6 · permitted uses
C6 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL 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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Kgn Investments LLC
Entity
Mailing address
1025 S YORK ST, DENVER, CO 80209-4650
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$4,850,000
Kgn Investments LLC
Citadel Commons Rllp
Special Warranty Deed
$3,637,500 · Great Western Bank
May 1, 2017
—
Citadel Commons Rllp
—
Grant Deed
related
$1,125,000 · Bank Of Denver
Apr 9, 2007
—
Citadel Commons Rllp
—
Trustees Deed
related
$1,475,000 · Big Horn Apartments LLC
Aug 6, 1999
—
Citadel Commons Rllp
Brooks,edward H
Grant Deed
related
—
—
—
Citadel Commons Rllp
—
Deed Of Trust
related
$1,475,000 · Federal Warranty Service Corp
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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