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Property profile & analytics
OFF-MARKET
Estimated value
$5,635,000
Outlet malls
3919 Palmer Park Blvd 3999 Colorado Springs, CO 80909-7607
Entity Owned
13-yr Hold
Free & Clear
Property ID
US13-0977898
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,854 SF
Lot
17.21 ac (749,668 SF)
Zoning code
PBC CU UV
APN
6411211007
UPID
US13-0977898
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
-
ROCKY MOUNTAIN APPLIANCE PARTS Big Box & Wholesale Store Electronics & Wireless Store
-
Adult Youth Services Corporate Office
-
Tacos Los Penas Estilo Nayarit Restaurant
-
Picazo barber shop LLC Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.75M
Comparable Approach
Comparable
$5.65M
Blend (final)
Blend
$5.64M
Owner & transaction history
Springsbon LLC · 13 yrs held
Springsbon LLC
since 2012
4 recorded transactions
Zoning & alternative use
PBC CU UV · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.3M
+10.0%
Office building
$5.8M
+0.0%
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%
$8,395,000
6.5%
$7,750,000
7%
$7,195,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,760,000
Current use
AUTO REPAIR, GARAGE
$6,335,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$5,760,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$5.64M
Range $5.07M – $6.20M · ±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
$135 / 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
$1,395,000
Assessed 2023
Previous assessed
$1,395,000
+0.0% YoY
Assessed land
$805,250
Assessed improvement
$589,750
Land market value
$2,886,218
Improvement market value
$2,113,781
Total market value
$4,999,999
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Total area
41,854 SF
Lot
17.21 ac (749,668 SF)
Zoning code
PBC CU UV
APN
6411211007
UPID
US13-0977898
Jurisdiction
EL PASO
Zoning & alternative use
PBC CU UV · Colorado Springs, CO
Zoning PBC CU UV · permitted uses
PBC CU UV · 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
RETAIL STORES Current
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
6
Lot
17.21 ac
Current owner
From public records · entity-resolved
Springsbon LLC
Entity
Free & Clear · 13 yrs held
Mailing address
3720 SAN JACINTO ST, HOUSTON, TX 77004-3922
Ownership since
2012
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 13, 2012
—
Springsbon LLC
Gccfc 2005-gg5 Palmer Park LLC
Grant Deed
—
Oct 25, 2011
—
Gccfc 2005-gg5 Palmer Park LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Oct 6, 2011
$19,636,979
Garza Properties LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$20,200,000
Aug 4, 2005
$26,000,000
Garza Properties LLC
Rustic Hills Shopping Plaza Ltd
Deed
$20,200,000 · Archon Financial LP
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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