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Property profile & analytics
OFF-MARKET
Estimated value
$11,095,000
High-rise multifamily apartments
3920 San Miguel St Colorado Springs, CO 80909-3427
Trust Owned
13-yr Hold
Free & Clear
Property ID
US13-0755188
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1966
Construction
WOOD FRAME
Total area
97,891 SF
Lot
5.74 ac (250,034 SF)
Zoning code
SU AO APZ2
APN
6411200033
UPID
US13-0755188
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
-
Infinity Rehab Winslow Ct Medical Clinic
-
Winslow Court Assisted & Senior Living Nursing Home Retirement Community
-
Winslow Court Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.10M
Owner & transaction history
Hres2 Properties Trust · 13 yrs held
Hres2 Properties Trust
since 2012
2 recorded transactions
Zoning & alternative use
SU AO APZ2 · 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
$113 / 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
$879,970
Assessed 2023
Previous assessed
$879,970
+0.0% YoY
Assessed land
$84,600
Assessed improvement
$795,370
Land market value
$1,262,672
Improvement market value
$11,871,191
Total market value
$13,133,863
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1966
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
3
Units
128
Total area
97,891 SF
Lot
5.74 ac (250,034 SF)
Zoning code
SU AO APZ2
APN
6411200033
UPID
US13-0755188
Jurisdiction
EL PASO
Zoning & alternative use
SU AO APZ2 · Colorado Springs, COZoning SU AO APZ2 · permitted uses
SU AO APZ2 · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
2
Units
128
Lot
5.74 ac
Current owner
From public records · entity-resolved
Hres2 Properties Trust
Trust
Free & Clear · 13 yrs held
Mailing address
800 E FT UN BLVD, MIDVALE, UT 84047-2391
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2012
$10,670,000
Hres2 Properties Trust
Wnrc LLC
Grant Deed
—
Feb 19, 1998
—
Wnrc LLC
Lytle,charles S & Karen E
Quit Claim Deed
related
—
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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