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Property profile & analytics
OFF-MARKET
Estimated value
$5,540,000
Distribution centers
415 Pike Peak Ave Colorado Springs, CO 80905-1524
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0888250
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,439 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C6
APN
7413124002
UPID
US13-0888250
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
-
PB&T Bank Colorado Springs Bank Loan Service
-
Procycling (Bike/Boat/Book/etc) Store
-
Whelan Emergency Plumbing Colorado Springs Plumbing Service Building Supply
-
Pueblo Bank & Trust Bank Loan Service
-
S-Health Women's and Men's Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.37M
Comparable Approach
Comparable
$5.20M
Blend (final)
Blend
$5.54M
Owner & transaction history
Jt Walker LLC · 5 yrs held
Jt Walker LLC
since 2020
7 recorded transactions
Zoning & alternative use
C6 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,975,000
6.5%
$7,365,000
7%
$6,840,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,145,000
Current use
Blend value · Realmo final
$5.54M
Range $4.99M – $6.09M · ±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
$128 / 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
$369,320
Assessed 2023
Previous assessed
$369,320
+0.0% YoY
Assessed land
$81,410
Assessed improvement
$287,910
Land market value
$291,807
Improvement market value
$1,031,952
Total market value
$1,323,759
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
43,439 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C6
APN
7413124002
UPID
US13-0888250
Jurisdiction
EL PASO
Zoning & alternative use
C6 · Colorado Springs, CO
Zoning C6 · permitted uses
C6 · 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
$7.1M
WAREHOUSE, STORAGE Current
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Jt Walker LLC
Entity
Mailing address
2245 BROADWAY AVE, COLORADO SPRINGS, CO 80904-3761
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 30, 2022
—
House Of Miles 2 LLC
—
Deed
related
$219,677 · The Pueblo Bank And Trust Co
Sep 25, 2020
—
Jt Walker LLC
Nfw Lllp
Grant Deed
related
—
Nov 20, 2019
—
Nfw Lllp
—
Grant Deed
related
$1,500,000 · Pb&t Bk
Dec 28, 2017
$3,611,000
Nfw Lllp
Mssm Corp
Trust Deed
$2,600,000 · Pb&t Bk
Dec 28, 2017
$3,611,100
Nfw Lllp
Mssm Corp
Trust Deed
related
$2,600,000 · Pb&t Bk
Feb 3, 2012
—
Tj & I LLC
—
Deed Of Trust
related
$1,920,459 · Central Bank & Trust
Aug 12, 2009
$1,228,000
Tj & I LLC
Cci-b Colorado Springs I LLC
Grant Deed
$1,170,000 · Five Star Bank
Aug 30, 2007
$1,900,000
Cci-b Colorado Springs I LLC
Coca-cola Ents INC
Grant Deed
—
—
—
Tj & I LLC
—
Deed Of Trust
related
$1,680,000 · Central Bank & Trust
—
—
Tj & I LLC
—
Deed Of Trust
related
$200,000 · Central Bk & Tr Prt/farmers &
—
—
Tj & I LLC
—
Deed Of Trust
related
$1,900,000 · Miscellaneous Ins 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.
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