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Property profile & analytics
OFF-MARKET
Estimated value
$4,015,000
Strip malls
425 Windchime Pl Colorado Springs, CO 80919-1984
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-0019172
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
WOOD FRAME
Total area
38,830 SF
Lot
3.97 ac (172,933 SF)
Zoning code
PBC HS
APN
6307402278
UPID
US13-0019172
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
-
Genesis Financial Data Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
Kovalik & Family LLC · 12 yrs held
Kovalik & Family LLC
since 2013
7 recorded transactions
Zoning & alternative use
PBC HS · 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
$103 / 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
$1,088,710
Assessed 2023
Previous assessed
$1,088,710
+0.0% YoY
Assessed land
$277,430
Assessed improvement
$811,280
Land market value
$994,365
Improvement market value
$2,907,811
Total market value
$3,902,176
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Total area
38,830 SF
Lot
3.97 ac (172,933 SF)
Zoning code
PBC HS
APN
6307402278
UPID
US13-0019172
Jurisdiction
EL PASO
Zoning & alternative use
PBC HS · Colorado Springs, COZoning PBC HS · permitted uses
PBC HS · 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
1985
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Lot
3.97 ac
Current owner
From public records · entity-resolved
Kovalik & Family LLC
Entity
Mailing address
1155 REDMOND AVE STE B, SAN JOSE, CA 95120-2780
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2013
$4,500,000
Kovalik & Family LLC
Windchime LLC
Grant Deed
$3,375,000 · Bellco Cu
May 24, 2013
—
Windchime LLC
—
Trustees Deed
related
$100,000 · Bellco Cu
May 13, 2010
—
Windchime LLC
—
Trustees Deed
related
—
Jan 15, 2009
$3,376,531
Windchime LLC
Ofs Colorado Investment LLC
Grant Deed
$3,399,500 · Ofs Co Inv LLC
Jan 13, 2009
—
Alpan LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Dec 18, 2008
$2,700,000
James W Naegle
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$2,250,000
Feb 8, 2007
—
James W Naegle
—
Trustees Deed
related
$50,000 · Mountain View Bank
Sep 11, 2006
—
James W Naegle
—
Trustees Deed
related
$200,000 · Mountain View Bank
Aug 3, 2004
—
Mckinnon,trust
Shepard,bud
Quit Claim Deed
related
—
Aug 3, 2004
$2,650,000
James W Naegle
Mckinnon Trust
Warranty Deed
—
Mar 24, 2003
$750,000
Ofs Colorado Investments LLC
Lsh Colorado Investment LLC
Grant Deed
—
—
—
Windchime LLC
—
Deed Of Trust
related
—
—
—
James W Naegle
—
Deed Of Trust
related
$90,000 · Mountain View Bank
—
—
Windchime LLC
—
Deed Of Trust
related
$3,086,751 · Bellco Cu
—
—
Windchime LLC
—
Deed Of Trust
related
$75,000 · Paul G Conover
—
—
Windchime LLC
—
Deed Of Trust
related
—
—
—
James W Naegle
—
Deed Of Trust
related
$2,250,000 · Mckinnon Trust (tr)
—
—
Windchime LLC
—
Deed Of Trust
related
$250,000 · Ent FCU
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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