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    3645 Jeannine Dr Colorado Springs, CO 80917
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    Property profile & analytics

    3645 Jeannine Dr, Colorado Springs, CO 80917

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    • Distribution centers
    • 47,596 SF
    • 2.14 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Centrally Located Office Space Available For Lease
    $12 SF/Yr
    608 SF

    Centrally Located Office Space Available

    Office and warehouse spaces for lease with flexible terms.

    3645 Jeannine Dr, Colorado Springs, CO
    View Listing
    Property ID
    US13-0319087
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DC Custom Construction Inc. / Construction Company
    • Yes ApplianceRepair / Home Appliance Store
    • Jaime’s Auto / Auto Repair Shop
    • Case Cabinet Company / Hardware & Home Improvement / Furniture & Home Goods
    • Peak Rent a Car / Car Rental Facility

    Property Details for 3645 Jeannine Dr

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.14 lot acres
    Zone code
    C5 P
    Property type
    Distribution centers
    APN
    6327403014
    APU
    6327403014

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 31, 2018 — Rocky Mountains Homes LLC — Deed · related $900k · Firelighters First FCU
    Nov 9, 2010 $775,000 Colorado Rocky Mountains Homes LLC The Mcnay Family Trust Warranty Deed $600k · Wells Fargo Bank NA
    Jun 30, 2008 — Mcnay Family Trust Mcnay,dennis A & Marjorie Quit Claim Deed · related —
    — — Colorado Rocky Mountains Hms L — Deed Of Trust · related $900k · Firefighters First FCU
    — — Dennis Mcnay — Deed Of Trust · related $700k · Sonoma National Bank
    — — Colorado Rocky Mtns Hms LLC — Deed Of Trust · related $750k · Los Angeles Firemens Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.76
    Latitude
    38.8849
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,338
    $166,450
    $340,890
    $507,340
    -
    $596,595
    $1,221,829
    $1,818,424

    Comparable in this City

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      11,200 SF

      3915 Van Teylingen Dr, Unit 3931

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      3910 Academy Blvd

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      3425 Van Teylingen Dr

      MINI-WAREHOUSE, STORAGE
      3425 Van Teylingen Dr, Colorado Springs, CO 80917-8575
      View Details
    • Value Estimation
      $2,010,000
      13,800 SF

      3825 Van Teylingen Dr

      MINI-WAREHOUSE, STORAGE
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      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Flex Warehouse Space Available

      Centrally located flex warehouse space for lease.
      3415 Van Teylingen Dr, Colorado Springs, CO 80917
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      Flex Building Warehouse Space

      Centrally located 1,250 SF warehouse space available 3/1/2026.
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      Move-in Ready Retail Space

      1,440 SF retail space for lease in Colorado Springs.
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      Functional Retail Space For Rent

      Retail space with ground-floor access near Powers Boulevard corridor.
      5710 N Carefree Cir, Colorado Springs, CO 80917
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      Medical office space for rent with ample parking.
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    • Contact for pricing
      4,294 SF

      Colorado Springs Retail/Office Space

      Office and retail spaces with high visibility and accessibility.
      4440-4474 Barnes Rd, Colorado Springs, CO 80917
      View Details
    View Listing
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    Colorado Springs, CO 80917
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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