New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Distribution centers
3340 Capital Dr, Colorado Springs, CO 80939-9731
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0759202
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,960 SF
Lot
1 ac (43,560 SF)
Zoning code
I-3 CAD-O
APN
5333202008
UPID
US13-0759202
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
-
Capital Truck Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.36M
Owner & transaction history
Holmstead LLC · 7 yrs held
Holmstead LLC
since 2018
7 recorded transactions
Zoning & alternative use
I-3 CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+49.6%
Medical building
$2.2M
+46.2%
Office building
$1.9M
+29.8%
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%
$1,645,000
6.5%
$1,520,000
7%
$1,410,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,475,000
Current use
AUTO REPAIR, GARAGE
$2,205,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$2,155,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$1,915,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±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
$151 / 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
$20,206
Tax year 2023
Assessed value
$294,110
Assessed 2023
Previous assessed
$294,110
+0.0% YoY
Effective rate
6.87%
On assessed value
Assessed land
$32,210
Assessed improvement
$261,900
Land market value
$115,434
Improvement market value
$938,706
Total market value
$1,054,140
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
8,960 SF
Lot
1 ac (43,560 SF)
Zoning code
I-3 CAD-O
APN
5333202008
UPID
US13-0759202
Jurisdiction
EL PASO
Zoning & alternative use
I-3 CAD-O · Colorado Springs, CO
Zoning I-3 CAD-O · permitted uses
I-3 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE Current
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Holmstead LLC
Entity
Mailing address
7477 LEGEND HL DR, COLORADO SPRINGS, CO 80923-7411
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2018
$725,000
Holmstead LLC
Vitt,gary J & Maryanne E
Grant Deed
$713,750 · Gary J & Maryanne E Vitt
Jul 14, 2014
—
Gary J Vitt
—
Trustees Deed
related
$150,000 · Vectra Bk/co
Jul 15, 1998
—
Gary J Vitt
—
Grant Deed
related
$180,000 · State Bank & Trust Colo Sprgs
Apr 15, 1998
—
Gary J Vitt
—
Grant Deed
related
$141,000 · State Bank & Trust Colo Sprgs
—
—
Gary J Vitt
—
Deed Of Trust
related
$184,228 · State Bank & Trust Colo Sprgs
—
—
Gary J Vitt
—
Loan Modification
related
$150,000 · Vectra Bk/co
—
—
Gary J Vitt
—
Deed Of Trust
related
$25,000 · Vectra Bank Colorado NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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