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Property profile & analytics
OFF-MARKET
Investment properties
3653 Michigan Ave Colorado Springs, CO 80910-2841
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2378322
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1968
Construction
WOOD FRAME
Total area
3,142 SF
Lot
0.18 ac (7,920 SF)
Zoning code
R5 AO
APN
6415412026
UPID
US13-2378322
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dream Centers Of Colorado Springs · 8 yrs held
Dream Centers Of Colorado Springs
since 2018
7 recorded transactions
Zoning & alternative use
R5 AO · 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
—
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
$29,970
Assessed 2023
Previous assessed
$29,970
+0.0% YoY
Assessed land
$4,880
Assessed improvement
$25,090
Land market value
$72,864
Improvement market value
$374,429
Total market value
$447,293
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1968
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Units
4
Total area
3,142 SF
Lot
0.18 ac (7,920 SF)
Zoning code
R5 AO
APN
6415412026
UPID
US13-2378322
Jurisdiction
EL PASO
Zoning & alternative use
R5 AO · Colorado Springs, CO
Zoning R5 AO · permitted uses
R5 AO · 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.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Units
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Dream Centers Of Colorado Springs
Individual
Mailing address
11025 VOYAGER PKWY, COLORADO SPRINGS, CO 80921-3623
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2019
—
Dream Centers Of Colorado Springs
—
Trustees Deed
related
$592,500 · Integrity Bk
Jan 22, 2018
$340,000
Dream Centers Of Colorado Springs
Ktm 127 University LLC
Warranty Deed
$345,000 · Integrity Bk
Jun 15, 2016
—
Ktm 127 University LLC
Luce,todd & Kenyon
Quit Claim Deed
related
—
Aug 18, 2009
$86,625
Todd Luce
Greenpoint Mt Trust 2005-ar5
Grant Deed
$69,300 · First National Bank
Jun 1, 2009
—
Greenpoint Mta Trust 2005-ar5
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
May 7, 2009
$139,000
Gregory J Hriso
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$177,400
Jan 12, 2006
—
Cs 3653 Michigan Avenue LLC
Hriso,gregory J & Ann N
Quit Claim Deed
related
—
Aug 29, 2005
$225,000
Gregory J Hriso
Ryumae,masaru & Kyong H K
Warranty Deed
$177,400 · Greenpoint Mortgage Funding
Jun 8, 2004
$165,000
Masaru Ryumae
Deutsche Bank Trust Co America
Grant Deed
$148,500 · Lehman Brothers Bank Fsb
Sep 23, 2003
$128,161
Deutsche Bank Trust Co America
Dunbar,lawrence & Debra
Trustees Deed
related
—
Sep 12, 2001
—
Lawrence C Dunbar
Dunbar,lawrence & Debra
Quit Claim Deed
related
$145,000 · First Community Ind Bank
Apr 7, 1999
$155,000
Lawrence Dunbar
White,philip B & Linda B
Grant Deed
$124,000 · United Capital Mortgage Corp
—
—
Kyong H K Ryumae
—
Deed Of Trust
related
$165,000 · World Savings
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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