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Property profile & analytics
FOR LEASE
Warehouses
4510 Edison Ave, Colorado Springs, CO 80915
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0044344
For Lease
1 / 8
$4,750/Mo
4510 Edison Ave, Colorado Springs, CO 80915
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1969
Construction
STEEL FRAME
Total area
90,524 SF
Lot
18.61 ac (810,652 SF)
Zoning code
PIP1 CU SS APZ2 AO
APN
6411401042
UPID
US13-0044344
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
-
Storage King USA Storage Facility
-
I'm The Man Services Hardware & Home Improvement Interior Design
-
DF Auto Body and Repair Auto Repair Shop
-
DTYStore.com LLC Furniture & Home Goods Home Decor Store
-
Centex Moving & Storage Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.39M
CAP Approach
CAP
$13.20M
Comparable Approach
Comparable
$12.07M
Blend (final)
Blend
$14.35M
Owner & transaction history
Agap Colorado Springs Edison LLC · 2 yrs held
Agap Colorado Springs Edison LLC
since 2023
Last sale
$17.3M
7 recorded transactions
Zoning & alternative use
PIP1 CU SS APZ2 AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$22.3M
+54.4%
Medical building
$21.8M
+50.8%
Office building
$19.3M
+33.9%
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
$16,845,000
ML approach
$9,390,000
CAP Approach
CAP Return
Estimation
6%
$14,295,000
6.5%
$13,195,000
7%
$12,255,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,435,000
Current use
AUTO REPAIR, GARAGE
$22,280,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$21,775,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$19,330,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$14.35M
Range $12.92M – $15.79M · ±10% · vs last sale $17.30M (Aug 18 2023)
Last sale anchor
$17.30M
Aug 18 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
$159 / 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
$61,793
Tax year 2023
Assessed value
$1,136,200
Assessed 2023
Previous assessed
$1,136,200
+0.0% YoY
Effective rate
5.44%
On assessed value
Assessed land
$384,490
Assessed improvement
$751,710
Land market value
$1,378,107
Improvement market value
$2,694,315
Total market value
$4,072,422
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1969
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
90,524 SF
Lot
18.61 ac (810,652 SF)
Zoning code
PIP1 CU SS APZ2 AO
APN
6411401042
UPID
US13-0044344
Jurisdiction
EL PASO
Zoning & alternative use
PIP1 CU SS APZ2 AO · Colorado Springs, CO
Zoning PIP1 CU SS APZ2 AO · permitted uses
PIP1 CU SS APZ2 AO · 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
WAREHOUSE, STORAGE Current
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$22.3M
MEDICAL BUILDING
Est. value
$21.8M
OFFICE BUILDING
Est. value
$19.3M
WAREHOUSE, STORAGE Current
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
1969
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
18.61 ac
Current owner
From public records · entity-resolved
Agap Colorado Springs Edison LLC
Entity
Free & Clear · 2 yrs held
Mailing address
150 E 52ND ST, NEW YORK, NY 10022-6017
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
Agap Colorado Springs Edison LLC
—
Deed
related
$200,000,000 · Goldman Sachs Bank USA
Aug 18, 2023
$17,300,000
Agap Colorado Springs Edison LLC
Aaa Platte Storage Co LLC
Special Warranty Deed
—
Jun 28, 2021
—
Aaa Platte Storage Co LLC
Aaa Platte Co LLC
Intrafamily Transfer
related
$9,522,000 · Dbr Investments Co Limited
Nov 15, 2019
$8,750,000
Aaa Platte Co LLC
Re 625 LLC
Special Warranty Deed
$10,100,000 · Midcap Financial Turst
Aug 1, 2019
—
Re 4510 LLC
—
Deed
related
$5,000,000 · Texas Cap Bk
Jun 10, 2019
—
Re 4510 LLC
—
Deed
related
$5,000,000 · Texas Cap Bk
Feb 18, 2014
—
Re 4510 LLC
John J Rockey
Special Warranty Deed
$5,000,000 · Texas Capital Bank NA
Apr 19, 2013
—
Dragon Lair LLC
Bernier,john P
Grant Deed
related
—
Jul 13, 2011
—
John J Rockey
—
Deed Of Trust
related
$2,000,000 · Five Star Bank
Apr 10, 2006
$3,200,000
John J Rockey
Miles Kimball Co
Special Warranty Deed
$2,760,000 · Wachovia Bank NA
Oct 31, 2001
$4,300,000
Jackson Acquisition Co
Drake Acquisition Co
Grant Deed
$12,800,000 · Comerica Bank-california Ttee
—
—
Re 4510 LLC
—
Loan Modification
related
$5,000,000 · Texas Cap Bk
—
—
John J Rockey
—
Deed Of Trust
related
$13,451,000 · Wachovia Bank NA
—
—
Re 4510 LLC
—
Loan Modification
related
$5,000,000 · Texas Cap Bk
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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