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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Distribution centers
4420 Mark Dabling Blvd Colorado Springs, CO 80907-4210
Individually Owned
3-yr Hold
Free & Clear
Property ID
US13-0028887
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,990 SF
Lot
0.69 ac (30,000 SF)
Zoning code
M1 CU
APN
6330205005
UPID
US13-0028887
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
-
Jim Black Construction Inc - Colorado Springs Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.58M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.54M
Owner & transaction history
James L Black Limited Liability Com · 3 yrs held
James L Black Limited Liability Com
since 2023
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
M1 CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.1M
+169.7%
Commercial (general)
$3.8M
+154.2%
Office building
$2.7M
+80.9%
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
$2,510,000
ML approach
$2,575,000
CAP Approach
CAP Return
Estimation
6%
$1,835,000
6.5%
$1,695,000
7%
$1,575,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,080,000
Change: +170% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,845,000
Change: +154% · Conversion: Difficult
OFFICE BUILDING
$2,735,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,665,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,460,000
Change: +63% · Conversion: Easy
MEDICAL BUILDING
$2,405,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.58M (Jan 9 2023)
Last sale anchor
$2.58M
Jan 9 2023
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
$254 / 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
$512,130
Assessed 2023
Previous assessed
$512,130
+0.0% YoY
Assessed land
$41,850
Assessed improvement
$470,280
Land market value
$150,000
Improvement market value
$1,685,595
Total market value
$1,835,595
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
9,990 SF
Lot
0.69 ac (30,000 SF)
Zoning code
M1 CU
APN
6330205005
UPID
US13-0028887
Jurisdiction
EL PASO
Zoning & alternative use
M1 CU · Colorado Springs, CO
Zoning M1 CU · permitted uses
M1 CU · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL 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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
James L Black Limited Liability Com
Individual
Free & Clear · 3 yrs held
Mailing address
12279 PENNSYLVANIA ST, THORNTON, CO 80241-3113
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
$2,575,000
James L Black Limited Liability Com
Jca Md LLC
Special Warranty Deed
—
Mar 7, 2022
$6,766,700
Jca Md LLC
Er4 Of Colorado LLC
Special Warranty Deed
$6,196,078 · Citywide Banks
Dec 10, 2020
$4,160,200
Er4/colorado LLC
Anheuser-busch LLC
Grant Deed
—
Nov 3, 2015
$6,600,000
Anheuser-busch LLC
Standard Sales Co LP
Warranty Deed
—
Apr 1, 2010
$960,000
Standard Sales Co LP
Mardab LLC
Warranty Deed
—
Jul 19, 2007
—
Mardab LLC
Lakeview Pines LLC
Warranty Deed
$700,000 · Westerra Cu
Aug 17, 2006
$1,200,000
Lakeview Pines LLC
Fetsch,eric C & Ann F
Warranty Deed
$700,000 · Westerra Cu
Dec 4, 2002
$700,000
Eric C Fetsch
Gaines Family Partnership LLP
Grant Deed
$37,700 · Us Bank NA
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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