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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Manufacturing properties
4201 Nevada Ave Colorado Springs, CO 80907
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0658532
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,756 SF
Lot
1.38 ac (60,113 SF)
Zoning code
M1 NNA
APN
6330100077
UPID
US13-0658532
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
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.86M
Owner & transaction history
City Of Colorado Springs · 1 yrs held
City Of Colorado Springs
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
M1 NNA · 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
$2,020,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,610,000
Current use
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10% · vs last sale $1.70M (Sep 28 2020)
Last sale anchor
$1.70M
Sep 28 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
$94 / 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
$258,540
Assessed 2023
Previous assessed
$258,540
+0.0% YoY
Assessed land
$68,760
Assessed improvement
$189,780
Land market value
$246,459
Improvement market value
$680,205
Total market value
$926,664
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
19,756 SF
Lot
1.38 ac (60,113 SF)
Zoning code
M1 NNA
APN
6330100077
UPID
US13-0658532
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
INDUSTRIAL (GENERAL) 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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
City Of Colorado Springs
Entity
Mailing address
4202 S HIGH COUNTRY RD #502, COLORADO SPRINGS, CO 80907-4320
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2025
—
Jensens Holdings
—
Deed
related
$200,000 · Central Trust Bank
Aug 14, 2024
—
City Of Colorado Springs
Bnsf Railway Company
Quit Claim Deed
related
—
Sep 11, 2023
—
Jensens Holdings
—
Deed
related
$500,000 · Central Trust Bank
Sep 28, 2020
$1,700,000
Jensens Holdings LLC
Hi Tech Fabrication LLC
Warranty Deed
$1,584,000 · Central Bank & Trust Co
Nov 30, 2018
—
Hi-tech Fabrication LLC
—
Trustees Deed
related
$150,000 · Western Vista FCU
Jun 29, 2018
—
Hi-tech Fabrication LLC
—
Trustees Deed
related
$350,000 · Western Vista FCU
May 14, 2018
—
Hi-tech Fabricationllc
—
Trustees Deed
related
$150,000 · Western Vista FCU
Apr 3, 2018
—
Hi-tech Fabrication LLC
—
Deed
related
$675,000 · Weinberg Servicing LLC
May 15, 2017
—
Hi-tech Fabrication LLC
—
Deed
related
$600,000 · Weinberg Servicing LLC
Jul 24, 2008
—
Hi-tech Fabrication LLC
Hensley,cynthia R
Warranty Deed
$650,000 · Cynthia R Hensley
Apr 9, 2001
$350,000
Cynthia R Hensley
Robbins,irene
Quit Claim Deed
related
$350,000 · Irene
—
—
Hi-tech Fabrication LLC
—
Deed Of Trust
related
$100,000 · Adams Bk&tr
—
—
Hi Tech Fabrication LLC
—
Deed Of Trust
related
$345,361 · Adams Bk&tr
—
—
Hi-tech Fabrication LLC
—
Deed Of Trust
related
$600,000 · Weinberg Servicing LLC
—
—
Hi-tech Fabrication LLC
—
Loan Modification
related
$675,000 · Weinberg Servicing LLC
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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