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Property profile & analytics
OFF-MARKET
Estimated value
$10,000,000
Manufacturing properties
4615 Foreign Trade Zone Blvd Colorado Springs, CO 80925-1200
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0919114
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,628 SF
Lot
6.39 ac (278,348 SF)
Zoning code
I-2 CAD-O
APN
5509102001
UPID
US13-0919114
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
$9.14M
CAP Approach
CAP
$6.51M
Comparable Approach
Comparable
$10.49M
Blend (final)
Blend
$10.00M
Owner & transaction history
4615 Fez LLC · 4 yrs held
4615 Fez LLC
since 2022
Last sale
$12.5M
4 recorded transactions
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.4M
+101.9%
Auto repair, garage
$11.5M
+86.5%
Medical building
$11.2M
+82.2%
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
$11,565,000
ML approach
$9,140,000
CAP Approach
CAP Return
Estimation
6%
$7,050,000
6.5%
$6,510,000
7%
$6,045,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,155,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,430,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,475,000
Change: +86% · Conversion: Easy
MEDICAL BUILDING
$11,215,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$9,955,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$10.00M
Range $9.00M – $11.00M · ±10% · vs last sale $12.50M (Apr 1 2022)
Last sale anchor
$12.50M
Apr 1 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
$214 / 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
$4,150,260
Assessed 2023
Previous assessed
$4,150,260
+0.0% YoY
Assessed land
$124,250
Assessed improvement
$4,026,010
Land market value
$445,357
Improvement market value
$14,430,154
Total market value
$14,875,511
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
2
Total area
46,628 SF
Lot
6.39 ac (278,348 SF)
Zoning code
I-2 CAD-O
APN
5509102001
UPID
US13-0919114
Jurisdiction
EL PASO
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Zoning I-2 CAD-O · permitted uses
I-2 CAD-O · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$11.2M
OFFICE BUILDING
Est. value
$10.0M
INDUSTRIAL (GENERAL) Current
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
2
Lot
6.39 ac
Current owner
From public records · entity-resolved
4615 Fez LLC
Entity
Mailing address
701 LACHMAN LN, PACIFIC PALISADES, CA 90272-2804
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$12,500,000
4615 Fez LLC
Commercial Management Company LLP
Warranty Deed
$8,750,000 · Western Cu
Sep 12, 2019
—
Commercial Management Company LLP
—
Deed
related
$3,900,000 · Legacy Bank
May 5, 1999
—
Commercial Management Co
Stoen,j T
Quit Claim Deed
related
$4,700,000 · General Electric Capital Corp
—
—
Commercial Management Co
—
Deed Of Trust
related
$3,200,000 · Bank At Broadmoor
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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