Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,820,000
Strip malls
3910 Palmer Park Blvd Colorado Springs, CO 80909-3404
Entity Owned
Free & Clear
Property ID
US13-0938918
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,915 SF
Lot
19.41 ac (845,500 SF)
Zoning code
M1/CR CU SS
APN
6402307006
UPID
US13-0938918
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
-
J & J Industries Inc Industrial Manufacturer Production Facility
-
Colorado Erectile Dysfunction Doctor Medical Clinic
-
Trust Payday Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.26M
CAP Approach
CAP
$6.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.82M
Owner & transaction history
City Of Colorado Springs
City Of Colorado Springs
since 2026
Last sale
$7.0M
4 recorded transactions
Zoning & alternative use
M1/CR CU SS · 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
Method
Estimation
Statistic approach
$6,480,000
ML approach
$7,260,000
CAP Approach
CAP Return
Estimation
6%
$6,890,000
6.5%
$6,360,000
7%
$5,910,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,975,000
Current use
MEDICAL BUILDING
$7,195,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$6.82M
Range $6.14M – $7.50M · ±10% · vs last sale $7.00M (Mar 7 2022)
Last sale anchor
$7.00M
Mar 7 2022
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
$228 / 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
$1,952,950
Assessed 2023
Previous assessed
$1,952,950
+0.0% YoY
Assessed land
$625,120
Assessed improvement
$1,327,830
Land market value
$2,240,572
Improvement market value
$4,759,247
Total market value
$6,999,819
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
29,915 SF
Lot
19.41 ac (845,500 SF)
Zoning code
M1/CR CU SS
APN
6402307006
UPID
US13-0938918
Jurisdiction
EL PASO
Zoning & alternative use
M1/CR CU SS · Colorado Springs, CO
Zoning M1/CR CU SS · permitted uses
M1/CR CU SS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL 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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
19.41 ac
Current owner
From public records · entity-resolved
City Of Colorado Springs
Entity
Free & Clear · 0 yrs held
Mailing address
10275 W HIGGINS RD STE #810, ROSEMONT, IL 60018-5601
Ownership since
2026
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
Apr 7, 2026
$6,100,000
City Of Colorado Springs
Rh Development LLC
Special Warranty Deed
—
Nov 5, 2025
—
Rh Development LLC
—
Deed
related
$17,070,000 · Rga Reinsurance Company
Mar 7, 2022
$7,000,000
Rh Development LLC
Rhsc Limited Liability Company
Special Warranty Deed
—
Jun 18, 2013
—
Rhsc LLC
—
Deed Of Trust
related
$7,400,000 · Pacific Western Bank
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 3910 Palmer Park Blvd?
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.
