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Property profile & analytics
FOR LEASE
Warehouses
3470 Chelton Loop N Colorado Springs, CO 80909
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0860300
For Lease
1 / 3
$15 SF/Yr
3470 Chelton Loop N, Colorado Springs, CO 80909
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,000 SF
Lot
1.33 ac (57,935 SF)
Zoning code
C6
APN
6415101078
UPID
US13-0860300
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
-
Dream Butters Grocery & Convenience Store Distribution Center
-
ECM Guru Auto Parts Store
-
Hangar 18 Automotive Auto Repair Shop Vehicle Inspection Center
-
Alimari Auto Glass Auto Repair Shop
-
IAT Welding Works General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.30M
Owner & transaction history
3470 Chelton Loop North LLC · 6 yrs held
3470 Chelton Loop North LLC
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+34.5%
Office building
$1.7M
+22.4%
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
$1,210,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
$1,895,000
6.5%
$1,750,000
7%
$1,625,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,350,000
Current use
AUTO REPAIR, GARAGE
$1,815,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$1,650,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.02M (Jan 31 2020)
Last sale anchor
$1.02M
Jan 31 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
$108 / 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
$22,603
Tax year 2023
Assessed value
$420,920
Assessed 2023
Previous assessed
$420,920
+0.0% YoY
Effective rate
5.37%
On assessed value
Assessed land
$79,200
Assessed improvement
$341,720
Land market value
$283,877
Improvement market value
$1,224,798
Total market value
$1,508,675
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Total area
12,000 SF
Lot
1.33 ac (57,935 SF)
Zoning code
C6
APN
6415101078
UPID
US13-0860300
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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
3470 Chelton Loop North LLC
Entity
Mailing address
2618 SAN MIGUEL DR STE #265, NEWPORT BEACH, CA 92660-5437
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$1,020,000
3470 Chelton Loop North LLC
Clarke Team Management LLC
Grant Deed
—
Feb 15, 2019
—
Clarke Team Management LLC
—
Deed
related
$50,000 · James A Pesavento
Mar 29, 2017
$875,000
Clarke Team Amnegemants LLC
Tippton Prettiesllc
Warranty Deed
$890,353 · Pikes Peak National Bank
Mar 15, 2006
$850,000
Jeffrey T Tipton
Wh Realty LLC
Warranty Deed
$570,000 · American Bank Of Commerce
Mar 15, 2006
—
Tipton Properties LLC
Tipton,jeffrey T & Belinda G
Quit Claim Deed
related
—
Nov 4, 2002
$775,000
Wh Realty LLC
Ns Properties LLP
Grant Deed
—
—
—
Clarke Team Management LLC
—
Deed Of Trust
related
$50,000 · James A Pesavento
—
—
Clarke Team Management LLC
—
Deed Of Trust
related
$100,000 · James A Pesavento
—
—
Tipton Properties LLC
—
Deed Of Trust
related
$500,000 · American Bk/commerce
—
—
Why Realty LLC
—
Deed Of Trust
related
$249,000 · Wells Fargo Bank West 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.
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