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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Auto shops
4616 Austin Blfs Pkwy Colorado Springs, CO 80918-2938
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2698673
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,500 SF
Lot
0.2 ac (8,750 SF)
Zoning code
C-2 CAD-O
APN
6323408037
UPID
US13-2698673
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$364k
Blend (final)
Blend
$515k
Owner & transaction history
Jtf Real Estate LLC · 2 yrs held
Jtf Real Estate LLC
since 2024
Last sale
$517,000
7 recorded transactions
Zoning & alternative use
C-2 CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$575,000
+56.3%
Neighborhood: shopping center
$400,000
+8.3%
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
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$370,000
Current use
COMMERCIAL (GENERAL)
$575,000
Change: +56% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$360,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$315,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $517k (Jun 25 2024)
Last sale anchor
$517k
Jun 25 2024
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
$343 / 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
$2,370
Tax year 2023
Assessed value
$55,460
Assessed 2023
Previous assessed
$55,460
+0.0% YoY
Effective rate
4.27%
On assessed value
Assessed land
$19,770
Assessed improvement
$35,690
Land market value
$70,875
Improvement market value
$127,923
Total market value
$198,798
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
1,500 SF
Lot
0.2 ac (8,750 SF)
Zoning code
C-2 CAD-O
APN
6323408037
UPID
US13-2698673
Jurisdiction
EL PASO
Zoning & alternative use
C-2 CAD-O · Colorado Springs, CO
Zoning C-2 CAD-O · permitted uses
C-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
AUTO REPAIR, GARAGE Current
Est. value
$370,000
COMMERCIAL (GENERAL)
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$400,000
MEDICAL BUILDING
Est. value
$360,000
RETAIL STORES
Est. value
$315,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Jtf Real Estate LLC
Entity
Mailing address
8170 W US HWY 24TH AVE, CASCADE, CO 80809-1112
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2024
—
Jtf Real Estate LLC
—
Deed
related
$213,000 · Pikes Regional Development Corporation
Jun 25, 2024
$517,000
Jtf Real Estate LLC
The Myrick Family Trust
Special Warranty Deed
$260,454 · Bank Of Colorado
Feb 7, 2022
—
The Myrick Family Trust
Douglas J Myrick
Intrafamily Transfer
related
—
Aug 23, 2005
$278,000
Douglas J Myrick
Scott Paul Rogers
Warranty Deed
$167,491 · Firstbank Of El Paso County
May 1, 2003
$197,000
Scott P Rogers
Rice Properties INC
Grant Deed
$325,000 · Firstbank Of El Paso County
May 1, 2003
—
Scott P Rogers
Rice Properties INC
Quit Claim Deed
related
—
—
—
Douglas J Myrick
—
Deed Of Trust
related
$110,000 · Firstbank
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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