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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Retail space
4302 Austin Blfs Pkwy Colorado Springs, CO 80918-2932
Individually Owned
Free & Clear
Property ID
US13-2274482
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
WOOD FRAME
Total area
5,530 SF
Lot
1.1 ac (47,916 SF)
Zoning code
PBC/CR
APN
6326218015
UPID
US13-2274482
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
$1.08M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.33M
Owner & transaction history
The Susan & David Wishney Family Tr
The Susan & David Wishney Family Tr
since 2025
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
PBC/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+83.1%
Neighborhood: shopping center
$1.5M
+26.8%
Auto repair, garage
$1.4M
+17.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,160,000
Current use
COMMERCIAL (GENERAL)
$2,125,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,475,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,360,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$1,330,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$1,045,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.49M (May 19 2025)
Last sale anchor
$1.49M
May 19 2025
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
$240 / 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
$26,249
Tax year 2023
Assessed value
$487,460
Assessed 2023
Previous assessed
$487,460
+0.0% YoY
Effective rate
5.38%
On assessed value
Assessed land
$193,840
Assessed improvement
$293,620
Land market value
$694,782
Improvement market value
$1,052,405
Total market value
$1,747,187
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
5,530 SF
Lot
1.1 ac (47,916 SF)
Zoning code
PBC/CR
APN
6326218015
UPID
US13-2274482
Jurisdiction
EL PASO
Zoning & alternative use
PBC/CR · Colorado Springs, CO
Zoning PBC/CR · permitted uses
PBC/CR · 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
RETAIL STORES Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1987
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
The Susan & David Wishney Family Tr
Individual
Free & Clear · 0 yrs held
Mailing address
1607 HART ST, HONOLULU, HI 96817-4912
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
$1,494,000
The Susan & David Wishney Family Tr
Watanabe Floral INC
Special Warranty Deed
—
Apr 9, 2018
$1,575,000
Watanabe Floral INC
New Market Center LLC
Grant Deed
—
Feb 22, 2018
$1,575,000
Watanabe Floral INC
New Market Center LLC
Grant Deed
—
Dec 22, 2015
$9,650,000
New Market Center LLC
U S Bank National Association
Special Warranty Deed
$11,000,000 · Colorado Business Bank
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.
Try Rey
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