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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
4109 Austin Blfs Pkwy Colorado Springs, CO 80918-2927
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2482908
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
WOOD FRAME
Total area
2,487 SF
Lot
0.33 ac (14,400 SF)
Zoning code
C6/CR
APN
6326210039
UPID
US13-2482908
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
$565k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$333k
Blend (final)
Blend
$520k
Owner & transaction history
Mk Kings Group INC · 3 yrs held
Mk Kings Group INC
since 2022
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
C6/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$665,000
+26.8%
Auto repair, garage
$610,000
+17.1%
Medical building
$600,000
+14.5%
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
$620,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
RETAIL STORES
$525,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$610,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$470,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Aug 31 2020)
Last sale anchor
$520k
Aug 31 2020
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
$209 / 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
$181,460
Assessed 2023
Previous assessed
$181,460
+0.0% YoY
Assessed land
$49,820
Assessed improvement
$131,640
Land market value
$178,560
Improvement market value
$471,829
Total market value
$650,389
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,487 SF
Lot
0.33 ac (14,400 SF)
Zoning code
C6/CR
APN
6326210039
UPID
US13-2482908
Jurisdiction
EL PASO
Zoning & alternative use
C6/CR · Colorado Springs, CO
Zoning C6/CR · permitted uses
C6/CR · 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
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$610,000
MEDICAL BUILDING
Est. value
$600,000
OFFICE BUILDING
Est. value
$470,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1965
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Mk Kings Group INC
Entity
Mailing address
4109 AUSTIN BLFS PKWY, COLORADO SPRINGS, CO 80918-2927
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$2,315,000
Mk Kings Group INC
Raising Sun LLC
Special Warranty Deed
$1,315,000 · Canvas Cu
Aug 31, 2020
$520,000
Vl Walsh LLC
L & A Winterfield LLP
Warranty Deed
$480,900 · Wells Fargo Bank NA
Nov 27, 2017
—
L & A Winterfield LLP
—
Deed
related
—
Jan 23, 2008
$275,000
L LLP
Exador LLC
Warranty Deed
$233,750 · Exador LLC
Nov 2, 2005
—
Exador LLC
Palmer,russell K
Quit Claim Deed
related
—
Sep 21, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Nov 6, 2003
—
Exador LLC
Palmer,russell K
Quit Claim Deed
related
—
—
—
L LLP
—
Deed Of Trust
related
$233,750 · Exador LLC
—
—
L LLP
—
Deed Of Trust
related
$212,485 · Five Star Bank
—
—
Russell K Palmer
—
Deed Of Trust
related
$150,000 · Cheyenne Mountain Bank
—
—
Exador LLC
—
Deed Of Trust
related
$200,000 · First Community Bank
—
—
L & A Winterfield LLP
—
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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