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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Warehouses
4200 Weber St, Colorado Springs, CO 80907-4405
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0347283
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,846 SF
Lot
0.65 ac (28,275 SF)
Zoning code
M1 NNA
APN
6330100088
UPID
US13-0347283
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
-
BMS CAT Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.30M
Owner & transaction history
Western Asset Property LLC · 2 yrs held
Western Asset Property LLC
since 2024
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
M1 NNA · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+154.2%
Office building
$1.3M
+80.9%
Neighborhood: shopping center
$1.3M
+76.1%
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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,865,000
Change: +154% · Conversion: Difficult
OFFICE BUILDING
$1,325,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,290,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,195,000
Change: +63% · Conversion: Easy
MEDICAL BUILDING
$1,165,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$1,020,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Jan 12 2024)
Last sale anchor
$1.30M
Jan 12 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
$268 / 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
$13,155
Tax year 2023
Assessed value
$248,470
Assessed 2023
Previous assessed
$248,470
+0.0% YoY
Effective rate
5.29%
On assessed value
Assessed land
$27,610
Assessed improvement
$220,860
Land market value
$98,963
Improvement market value
$791,614
Total market value
$890,577
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
4,846 SF
Lot
0.65 ac (28,275 SF)
Zoning code
M1 NNA
APN
6330100088
UPID
US13-0347283
Jurisdiction
EL PASO
Zoning & alternative use
M1 NNA · Colorado Springs, CO
Zoning M1 NNA · permitted uses
M1 NNA · 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
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Western Asset Property LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2785TH W HAMPDEN AVE, ENGLEWOOD, CO 80110-1957
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
Jan 12, 2024
$1,300,000
Western Asset Property LLC
Mack Properties LLC
Special Warranty Deed
—
Mar 23, 2023
$775,000
Mack Properties LLC
Lee Street Properties LLC
Special Warranty Deed
—
Sep 29, 2015
$810,000
Colorado Coml Roofing INC
Alexander Properties LLC
Warranty Deed
$732,560 · Private Individual
Sep 22, 2000
$466,000
Alexander Properties LLC
L2d2 LLC
Grant Deed
$250,000 · Wells Fargo Bank West NA
Oct 5, 1998
$325,000
L2d2 LLC
Rackley,richard P
Grant Deed
$170,000 · First National Bank Amarillo
Jun 30, 1998
—
Richard P Rackley
Weber 4200 LLC
Quit Claim Deed
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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