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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
4140 Us Hwy 85th 87 Colorado Springs, CO 80911-9723
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0630417
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,005 SF
Lot
0.7 ac (30,444 SF)
Zoning code
CC
APN
6503400021
UPID
US13-0630417
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Prime Property LLC · 5 yrs held
Prime Property LLC
since 2021
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
CC · 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
—
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
$4,410
Tax year 2023
Assessed value
$72,790
Assessed 2023
Previous assessed
$72,790
+0.0% YoY
Effective rate
6.06%
On assessed value
Assessed land
$12,660
Assessed improvement
$60,130
Land market value
$45,362
Improvement market value
$215,508
Total market value
$260,870
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
1,005 SF
Lot
0.7 ac (30,444 SF)
Zoning code
CC
APN
6503400021
UPID
US13-0630417
Jurisdiction
EL PASO
Zoning & alternative use
CC · Colorado Springs, COZoning 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
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Prime Property LLC
Entity
Mailing address
517 W RAMONA AVE, COLORADO SPRINGS, CO 80905-2031
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$350,000
Prime Property LLC
Raoh LLC
Special Warranty Deed
$300,000 · First State Bank
Nov 9, 2020
—
Raoh LLC
Palec Stone LLC
Quit Claim Deed
related
—
Oct 28, 2020
—
Raob LLC
Palec Stone LLC
Quit Claim Deed
related
—
Jul 16, 2019
—
Raoh LLC
—
Deed
related
$59,000 · First St Bk/co Spgs
Jun 22, 2018
—
Palec Stone LLC
Raoh LLC
Quit Claim Deed
related
—
Feb 28, 2018
$410,000
Raoh LLC
Yoo,david
Warranty Deed
$315,000 · First St Bk/co Spgs
Jan 28, 2015
$203,822
David Yoo
Choi,young L
Quit Claim Deed
related
$219,362 · First St Bk/colorado
May 30, 2006
$245,000
Young L Choi
Kazpur LLC
Warranty Deed
$232,000 · Colorado Mountain Bank
Jun 10, 2004
$329,900
Kazpur LLC
Nazarenko,anatoliy I
Grant Deed
$300,000 · Wells Fargo Bank
May 29, 2002
$265,000
Anatoliy I Nazarenko
Cliff Brice Petroleum Source
Grant Deed
$80,000 · Cliff Brice Petroleum Source
—
—
Raoh LLC
—
Deed Of Trust
related
$59,000 · First St Bk/co Spgs
—
—
Young L Choi
—
Loan Modification
related
—
—
—
Young L Choi
—
Loan Modification
related
—
—
—
Young 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.
Try Rey
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