New search
Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
3993 Academy Blvd Colorado Springs, CO 80917-5928
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0419074
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
WOOD FRAME
Total area
2,032 SF
Lot
0.45 ac (19,390 SF)
Zoning code
C5 P
APN
6326307033
UPID
US13-0419074
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
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$610k
Owner & transaction history
Academy Bluffs LLC · 2 yrs held
Academy Bluffs LLC
since 2024
Last sale
$610,000
6 recorded transactions
Zoning & alternative use
C5 P · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$780,000
+80.2%
Neighborhood: shopping center
$540,000
+24.8%
Auto repair, garage
$500,000
+15.3%
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
$610,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$435,000
Current use
COMMERCIAL (GENERAL)
$780,000
Change: +80% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$500,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$490,000
Change: +13% · Conversion: Easy
RETAIL STORES
$425,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $610k (May 6 2024)
Last sale anchor
$610k
May 6 2024
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
$300 / 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
$6,525
Tax year 2023
Assessed value
$127,460
Assessed 2023
Previous assessed
$127,460
+0.0% YoY
Effective rate
5.12%
On assessed value
Assessed land
$83,850
Assessed improvement
$43,610
Land market value
$300,545
Improvement market value
$156,301
Total market value
$456,846
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,032 SF
Lot
0.45 ac (19,390 SF)
Zoning code
C5 P
APN
6326307033
UPID
US13-0419074
Jurisdiction
EL PASO
Zoning & alternative use
C5 P · Colorado Springs, CO
Zoning C5 P · permitted uses
C5 P · 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
OFFICE BUILDING Current
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$500,000
MEDICAL BUILDING
Est. value
$490,000
RETAIL STORES
Est. value
$425,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL 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
1977
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Academy Bluffs LLC
Entity
Mailing address
3993 N ACADEMY BLVD, COLORADO SPRINGS, CO 80917-5928
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2024
$610,000
Academy Bluffs LLC
Nathan Winterfield
Special Warranty Deed
$510,000 · First Citizens Bank & Trust Co
May 6, 2024
—
Nathan Winterfield
3993 N Academy LLC
Quit Claim Deed
related
—
Oct 19, 2021
$430,000
3993 N Academy Lic
Cod LLC
Warranty Deed
$280,000 · American Bank Of Commerce
Jun 4, 2019
—
Cod LLC
Colorado Ins & Finl Specialis
Warranty Deed
—
May 21, 2004
—
Insurance Colorado
Archibald-robinson Partnership
Quit Claim Deed
related
$223,000 · Us Bank NA
—
—
Colorado Ins & Finl Specialis
—
Deed Of Trust
related
$138,811 · Bank Of Co
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 3993 Academy 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.
