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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Life science properties
3505 Stone Ave Colorado Springs, CO 80907-5313
Entity Owned
8-yr Hold
Free & Clear
Property ID
US13-2545881
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
128,107 SF
Lot
6.64 ac (289,238 SF)
Zoning code
M1
APN
6331101023
UPID
US13-2545881
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
-
American Standard Insurance Agency
-
sparkIT Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Stone Building LLC · 8 yrs held
Stone Building LLC
since 2018
7 recorded transactions
Zoning & alternative use
M1 · 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
$11 / 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
$1,619,210
Assessed 2023
Previous assessed
$1,619,210
+0.0% YoY
Assessed land
$330,860
Assessed improvement
$1,288,350
Land market value
$1,185,876
Improvement market value
$4,617,740
Total market value
$5,803,616
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
128,107 SF
Lot
6.64 ac (289,238 SF)
Zoning code
M1
APN
6331101023
UPID
US13-2545881
Jurisdiction
EL PASO
Zoning & alternative use
M1 · Colorado Springs, COZoning M1 · permitted uses
M1 · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
6.64 ac
Current owner
From public records · entity-resolved
Stone Building LLC
Entity
Free & Clear · 8 yrs held
Mailing address
5550 TECH CTR DR, COLORADO SPRINGS, CO 80919-2308
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
Mar 30, 2021
—
Stone Building LLC
—
Deed
related
$4,875,000 · Wells Fargo Bank NA
Jun 15, 2018
—
Stone Building LLC
Inspiration Holdings LLC
Warranty Deed
—
Mar 31, 2016
$5,500,000
Inspiration Holdings LLC
Comcor Foundation
Grant Deed
$4,125,000 · Vectra Bk/co
Jul 8, 2011
—
Comcor Foundation
Comcor INC
Quit Claim Deed
—
May 3, 2011
—
Comcor Foundation
Comcor INC
Quit Claim Deed
—
Apr 18, 2008
$4,000,000
Comcor INC
Wpc-stone Avenue LLC
Grant Deed
$3,000,000 · American National Bank & Trust
May 9, 2003
—
Wpc-stone Avenue LLC
Watumull Properties Corp
Grant Deed
$5,250,000 · Manufactures Life Insurance Co
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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