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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4415 N Nevada Ave Colorado Springs, CO 80907

    • Car washes
    • 7,272 SF
    • 1.52 lot acres
    For Sale
    View listing
    $2,950,000
    Last Sale
    Oct 18, 2022
    $2,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2393318
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • WaveBrite Express Car Wash / Car Wash
    • ATM / Atm

    Property Details for 4415 N Nevada Ave

    Year built
    1987
    Construction
    WOOD FRAME
    Lot size
    1.52 lot acres
    Property size
    7,272 SF
    Zone code
    PBC/CR
    Property type
    Car washes
    APN
    6330102026
    APU
    6330102026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,850,000
      ML approach
      $1,875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,180,000
      Market price range: $305k - $1.18M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,790,000
      Current use
      RESTAURANT
      $3,180,000
      Change: +78% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,970,000
      Change: +66% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,800,000
      Change: +56% Conversion: Moderate
      OFFICE BUILDING
      $1,990,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,940,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $1,750,000
      Change: -2% Conversion: Difficult
      RETAIL STORES
      $1,530,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.818
    Latitude
    38.8968
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,389
    $162,560
    $212,460
    $375,020
    -
    $582,657
    $761,489
    $1,344,146

    Comparable in this City

    • Value Estimation
      $3,555,000
      4,480 SF

      710 Gdn Of The Gods Rd

      CAR WASH - AUTOMATED • 4,480 SF
      710 Gdn Of The Gods Rd, Colorado Springs, CO 80907-3506
      View Details
    • Value Estimation by Request
      3,216 SF

      530 Gdn Of The Gods Rd

      CAR WASH - AUTOMATED • 3,216 SF
      530 Gdn Of The Gods Rd, Colorado Springs, CO 80907-3502
      View Details
    • Value Estimation
      $4,355,000
      2,470 SF

      301 Fillmore St

      CAR WASH - AUTOMATED • 2,470 SF
      301 Fillmore St, Colorado Springs, CO 80907-6305
      View Details
    • Value Estimation by Request
      3,029 SF

      2938 Beacon St

      CAR WASH - SELF-SERVE • 3,029 SF
      2938 Beacon St, Colorado Springs, CO 80907
      View Details
    • Value Estimation by Request
      2,196 SF

      2933 Sage St

      CAR WASH - SELF-SERVE • 2,196 SF
      2933 Sage St, Colorado Springs, CO 80907-5835
      View Details
    • Value Estimation by Request
      1,770 SF

      2902 Nevada Ave

      AUTO REPAIR, GARAGE • 1,770 SF
      2902 Nevada Ave, Colorado Springs, CO 80907-6225
      View Details

    Similar Nearby for Sale

    • $615,000
      2,196 SF

      Corner Lot Car Wash Opportunity

      High-traffic corner lot with existing car wash and development potential.
      2933 Sage St, Colorado Springs, CO 80907
      View Details
    • $1,200,000
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      712 E. Fillmore Street

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      Les Schwab Investment Opportunity

      Les Schwab property for sale in Colorado Springs.
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    • $1,325,000
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      Colorado Springs Multifamily Investment

      8-Unit Multifamily & Retail, High NOI
      3129 El Paso St, Colorado Springs, CO 80907
      View Details
    • $1,800,000
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      Centennial Blvd Restaurant Opportunity

      Prime Colorado Springs drive-thru, 3,707 SF.
      4540 Centennial Blvd, Colorado Springs, CO 80907
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    • $3,950,000
      14,730 SF

      Fully Leased T-Gap Marketplace

      Stabilized retail center in desirable Patty Jewett area.
      2107 Templeton Gap Rd, Colorado Springs, CO 80907
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    Similar Nearby for Lease

    • Contact for pricing
      1,464 SF

      Remodeled Flex Space Available

      Remodeled flex space with high ceilings and overhead door.
      3522 N El Paso St, Colorado Springs, CO 80907
      View Details
    • $22 SF/Yr
      1,160 SF

      Retail Space in Westwind Marketplace

      Retail space for lease in established Colorado Springs shopping center.
      4315-4435 Centennial Blvd, Colorado Springs, CO 80907
      View Details
    • $11 SF/Yr
      7,000 SF

      Adobe Court Warehouse Space Available

      Colorado Springs warehouse, 3,500-7,000 SF
      3302-3372 Adobe Ct, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      8,024 SF

      Austin Bluffs Retail Space Available

      Colorado Springs retail space, 8,024 sq ft.
      0 Austin Bluffs Pkwy, Colorado Springs, CO 80907
      View Details
    • $19 SF/Yr
      1,350 SF

      Colorado Springs Office/Retail Space

      Desirable office and retail spaces available for lease.
      308 W Fillmore St, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in Grand View Marketplace

      Retail space available for lease in Colorado Springs, CO.
      3267 Centennial Blvd, Colorado Springs, CO 80907
      View Details
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    4415 N Nevada Ave
    Colorado Springs, CO 80907
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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