Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,925,000
Outlet malls
3771 Bloomington St 3890 Colorado Springs, CO 80922-3201
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US13-0374924
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
35,856 SF
Lot
15.31 ac (666,904 SF)
Zoning code
PBC AO
APN
5330301016
UPID
US13-0374924
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
-
The Honey Baked Ham Company Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.64M
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$5.93M
Owner & transaction history
First & Main North 1 LLC · 19 yrs held
First & Main North 1 LLC
since 2006
4 recorded transactions
Zoning & alternative use
PBC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.6M
+26.8%
Auto repair, garage
$8.8M
+17.1%
Medical building
$8.6M
+14.5%
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%
$7,190,000
6.5%
$6,640,000
7%
$6,165,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,535,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,555,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,825,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$8,625,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$7,655,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$5.93M
Range $5.33M – $6.52M · ±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
$165 / 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
$2,672,830
Assessed 2023
Previous assessed
$2,672,830
+0.0% YoY
Assessed land
$1,162,910
Assessed improvement
$1,509,920
Land market value
$4,168,144
Improvement market value
$5,411,891
Total market value
$9,580,035
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Total area
35,856 SF
Lot
15.31 ac (666,904 SF)
Zoning code
PBC AO
APN
5330301016
UPID
US13-0374924
Jurisdiction
EL PASO
Zoning & alternative use
PBC AO · Colorado Springs, COZoning PBC AO · permitted uses
PBC AO · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$8.6M
OFFICE BUILDING
Est. value
$7.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
6
Lot
15.31 ac
Current owner
From public records · entity-resolved
First & Main North 1 LLC
Entity
Mailing address
111 S TEJON ST STE #222, COLORADO SPRINGS, CO 80903-2246
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2016
—
First & Main North 1 LLC
—
Deed
related
$14,175,000 · Keybank USA
Sep 7, 2006
—
First & Main North 1 LLC
First & Main North LLC
Quit Claim Deed
related
$18,500,000 · Key Bank & Trust
Sep 1, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
First & Main North 1 LLC
—
Deed Of Trust
related
$14,175,000 · Keybank USA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3771 Bloomington St, Unit 3890?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
