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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Auto shops
4235 Nevada Ave Colorado Springs, CO 80907
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-0664049
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,176 SF
Lot
1.1 ac (47,916 SF)
Zoning code
M1 P NNA
APN
6330110031
UPID
US13-0664049
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
$865k
Owner & transaction history
Eklund Dev IV LLC · 7 yrs held
Eklund Dev IV LLC
since 2019
7 recorded transactions
Zoning & alternative use
M1 P 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$34 / 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
$20,048
Tax year 2023
Assessed value
$365,910
Assessed 2023
Previous assessed
$365,910
+0.0% YoY
Effective rate
5.48%
On assessed value
Assessed land
$46,790
Assessed improvement
$319,120
Land market value
$167,706
Improvement market value
$1,143,793
Total market value
$1,311,499
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
25,176 SF
Lot
1.1 ac (47,916 SF)
Zoning code
M1 P NNA
APN
6330110031
UPID
US13-0664049
Jurisdiction
EL PASO
Zoning & alternative use
M1 P NNA · Colorado Springs, CO
Zoning M1 P NNA · permitted uses
M1 P 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.
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Eklund Dev IV LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 19039, GOLDEN, CO 80402-6050
Ownership since
2019
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
Apr 2, 2026
—
4235 N Nevada Ave LLC
—
Deed
related
$15,226,750 · Huntington National Bank
Jun 13, 2019
$2,500,000
Eklund Dev IV LLC
Mechanical Contracting Mfg & D
Grant Deed
—
Feb 7, 2018
—
Mechanical Contracting Mfg & D
—
Loan Modification
related
$5,000,000 · Wells Fargo Bk
Oct 11, 2016
—
Mechanical Contracting Mfg & D
—
Deed
related
$4,500,000 · Wells Fargo Bk
Aug 12, 2013
—
Mechanical Contracting Mfg & D
—
Grant Deed
related
$4,500,000 · Wells Fargo Bk Nw NA
Sep 7, 2007
—
Mechanical Contracting Mfg & D
Heating & Plumbing Engineers I
Grant Deed
$2,160,411 · Wells Fargo Bank
Sep 7, 2007
$1,355,000
Heating Engineers
Rando Ents LLP
Warranty Deed
—
—
—
Rando Enterprises LLP
—
Deed Of Trust
related
$642,000 · Bank One Colorado
—
—
Mechanical Contracting Mfg & D
—
Loan Modification
related
$4,500,000 · Wells Fargo Bk
—
—
Mechanical Contracting Mfg & D
—
Loan Modification
related
$4,500,000 · Wells Fargo Bk
—
—
Rando Enterprises LLP
—
Deed Of Trust
related
$595,000 · First National Bank Colorado
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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