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Property profile & analytics
FOR SALE
Car washes
4415 N Nevada Ave, Colorado Springs, CO 80907
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2393318
For Sale
1 / 2
$2,500,000
4415 N Nevada Ave, Colorado Springs, CO 80907
View Listing →
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
1987
Construction
WOOD FRAME
Total area
7,272 SF
Lot
1.52 ac (66,211 SF)
Zoning code
PBC/CR
APN
6330102026
UPID
US13-2393318
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
-
WaveBrite Express Car Wash Car Wash
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.93M
Owner & transaction history
Wavebrite LLC · 3 yrs held
Wavebrite LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
PBC/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+77.8%
Apartment house (5+ units)
$3.0M
+65.8%
Commercial (general)
$2.8M
+56.3%
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
$1,850,000
ML approach
$1,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10% · vs last sale $2.00M (Oct 18 2022)
Last sale anchor
$2.00M
Oct 18 2022
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
$265 / 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
$20,389
Tax year 2023
Assessed value
$375,020
Assessed 2023
Previous assessed
$375,020
+0.0% YoY
Effective rate
5.44%
On assessed value
Assessed land
$162,560
Assessed improvement
$212,460
Land market value
$582,657
Improvement market value
$761,489
Total market value
$1,344,146
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
For Sale
Year built
1987
Construction
WOOD FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
7,272 SF
Lot
1.52 ac (66,211 SF)
Zoning code
PBC/CR
APN
6330102026
UPID
US13-2393318
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
AUTO REPAIR, GARAGE Current
Est. value
$1.8M
RESTAURANT
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
NONE
Stories
1
Buildings
2
Lot
1.52 ac
Current owner
From public records · entity-resolved
Wavebrite LLC
Entity
Mailing address
4415 N NEVADA AVE, COLORADO SPRINGS, CO 80907-4309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$2,000,000
Wavebrite LLC
Springs Wash One
Warranty Deed
$4,410,000 · Patriot Bank NA
Dec 28, 1999
—
Wash One Springs
—
Grant Deed
related
$1,040,000 · Vectra Bank Colorado NA
—
—
Wash One Springs
—
Deed Of Trust
related
$968,671 · Hill Family 1983 Trust (tr)
—
—
Wash One Springs
—
Deed Of Trust
related
$229,440 · Jolynne Dev INC
—
—
Wash One Springs
—
Deed Of Trust
related
$1,496,766 · Sdbc-1
—
—
Wash One Springs
—
Deed Of Trust
related
$608,770 · Sdbc-1
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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