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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Distribution centers
3930 Us Hwy 85th 87 Colorado Springs, CO 80911-9710
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-1228998
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
STEEL FRAME
Total area
4,992 SF
Lot
1.05 ac (45,738 SF)
Zoning code
CC
APN
6503322001
UPID
US13-1228998
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
$695k
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$700k
Owner & transaction history
Unl Potential LLC · 8 yrs held
Unl Potential LLC
since 2017
7 recorded transactions
Zoning & alternative use
CC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+29.8%
Retail stores
$1.1M
+27.8%
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%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$820,000
Current use
OFFICE BUILDING
$1,065,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$1,050,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$140 / 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
Tax billed
$10,473
Tax year 2023
Assessed value
$161,330
Assessed 2023
Previous assessed
$161,330
+0.0% YoY
Effective rate
6.49%
On assessed value
Assessed land
$15,060
Assessed improvement
$146,270
Land market value
$53,971
Improvement market value
$524,259
Total market value
$578,230
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
4,992 SF
Lot
1.05 ac (45,738 SF)
Zoning code
CC
APN
6503322001
UPID
US13-1228998
Jurisdiction
EL PASO
Zoning & alternative use
CC · Colorado Springs, CO
Zoning CC · permitted uses
CC · 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
WAREHOUSE, STORAGE Current
Est. value
$820,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
2000
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Unl Potential LLC
Entity
Mailing address
PO BOX 6962, COLORADO SPRINGS, CO 80934-6962
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Unl Potential LLC
—
Deed
related
$482,000 · Southstate Bank NA
Mar 7, 2025
—
Unl Potential LLC
—
Deed
related
$482,000 · Southstate Bank NA
Sep 23, 2022
—
Unl Potential LLC
—
Deed
related
$282,181 · Adams Bank & Trust
Aug 30, 2017
$450,000
Unl Potential LLC
Gregory,linda D
Grant Deed
$337,500 · Adams Bk&tr
Nov 12, 2015
—
Linda D Gregory
Gregory Lenny J
Quit Claim Deed
related
—
Mar 27, 2000
—
Lenny J Gregory
—
Grant Deed
related
$190,000 · Cheyenne Mountain Bank
—
—
Lenny J Gregory
—
Deed Of Trust
related
$60,000 · Cheyenne Mountain Bank
—
—
Lenny J Gregory
—
Deed Of Trust
related
$100,000 · Cheyenne Mountain Bank
—
—
Lenny J Gregory
—
Deed Of Trust
related
$60,000 · Cheyenne Mountain Bank
—
—
Lenny J Gregory
—
Deed Of Trust
related
$248,696 · Cheyenne Mountain Bank
—
—
Lenny J Gregory
—
Deed Of Trust
related
$468,012 · Legacy 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.
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