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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Grocery and convenience stores
401 Cir Dr Colorado Springs, CO 80910-2318
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0031149
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,377 SF
Lot
0.33 ac (14,238 SF)
Zoning code
PBC UV
APN
6421119006
UPID
US13-0031149
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
-
Valli Hi Business Service Center Corporate Office
-
South Circle Station Gas Station
-
Diamond Shamrock Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$998k
Blend (final)
Blend
$990k
Owner & transaction history
7a INC · 3 yrs held
7a INC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
PBC UV · 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
$975,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $1.00M (May 10 2023)
Last sale anchor
$1.00M
May 10 2023
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
$719 / 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
$4,769
Tax year 2023
Assessed value
$94,120
Assessed 2023
Previous assessed
$94,120
+0.0% YoY
Effective rate
5.07%
On assessed value
Assessed land
$33,570
Assessed improvement
$60,550
Land market value
$120,311
Improvement market value
$217,029
Total market value
$337,340
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
1,377 SF
Lot
0.33 ac (14,238 SF)
Zoning code
PBC UV
APN
6421119006
UPID
US13-0031149
Jurisdiction
EL PASO
Zoning & alternative use
PBC UV · Colorado Springs, CO
Zoning PBC UV · permitted uses
PBC 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.
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
7a INC
Entity
Mailing address
10120 MANHATTAN DR, COLORADO SPRINGS, CO 80924-7041
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2023
$1,000,000
7a INC
Lan Choi Young
Special Warranty Deed
$920,000 · Promiseone Bank
May 2, 2006
—
Young L Choi
Yoo,chung S
Quit Claim Deed
related
—
Mar 22, 2006
—
Chung S Yoo
Choi,young L
Quit Claim Deed
related
—
Feb 24, 2005
—
Young L Choi
—
Trustees Deed
related
$40,000 · Colorado Mountain Bank
Feb 19, 2003
$285,000
Young L Choi
Brick,marc K & Ok C
Grant Deed
$160,000 · Csl Mortgage INC
Mar 13, 2001
$250,000
Marc K Brick
Cliff Brice Stations INC
Grant Deed
related
$150,000 · Premier Bank
—
—
Young L Choi
—
Loan Modification
related
—
—
—
Young L Choi
—
Loan Modification
related
—
—
—
Young L Choi
—
Loan Modification
related
—
—
—
Younge L Choi
—
Loan Modification
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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