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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Office buildings
4620 Edison Ave Colorado Springs, CO 80915-4125
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-0311388
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,976 SF
Lot
4.1 ac (178,596 SF)
Zoning code
PIP1 UV CU SS AO APZ
APN
6411403014
UPID
US13-0311388
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
-
Mareez's Place Salon Hair Salon Nail Salon
-
Elicia Hulmes Marriage Or Relationship Counselor
-
Rival Custom Prints (Bike/Boat/Book/etc) Store Printing Service
-
Copelandwelp Jennifer Family Counselor
-
Word Mission Church International Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$3.47M
Blend (final)
Blend
$2.59M
Owner & transaction history
Haman Enterprises LLC · 10 yrs held
Haman Enterprises LLC
since 2016
7 recorded transactions
Zoning & alternative use
PIP1 UV CU SS AO APZ · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.2M
+15.3%
Medical building
$4.1M
+12.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,970,000
6.5%
$2,740,000
7%
$2,545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,625,000
Current use
AUTO REPAIR, GARAGE
$4,180,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$4,085,000
Change: +13% · Conversion: Easy
RETAIL STORES
$3,565,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±10%
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
$152 / 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
$640,250
Assessed 2023
Previous assessed
$640,250
+0.0% YoY
Assessed land
$166,920
Assessed improvement
$473,330
Land market value
$598,297
Improvement market value
$1,696,553
Total market value
$2,294,850
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
16,976 SF
Lot
4.1 ac (178,596 SF)
Zoning code
PIP1 UV CU SS AO APZ
APN
6411403014
UPID
US13-0311388
Jurisdiction
EL PASO
Zoning & alternative use
PIP1 UV CU SS AO APZ · Colorado Springs, CO
Zoning PIP1 UV CU SS AO APZ · permitted uses
PIP1 UV CU SS AO APZ · 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
OFFICE BUILDING Current
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.1 ac
Current owner
From public records · entity-resolved
Haman Enterprises LLC
Entity
Mailing address
6045 TERMINAL AVE STE #100, COLORADO SPRINGS, CO 80915-3747
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2016
$1,935,000
Haman Enterprises LLC
Edison Investments LLC
Special Warranty Deed
$1,451,250 · Wells Fargo Bank NA
Nov 13, 2013
—
Edison Investments LLC
—
Trustees Deed
related
$120,000 · Eastern Colorado Bank
May 1, 2008
$1,459,011
Edison Investments LLC
Louie Cosentino LLC
Grant Deed
$1,065,000 · Garden Gods Bank
Nov 7, 2007
—
Louie Cosentino LLC
Cosentino Louie S P Trust
Quit Claim Deed
—
Feb 21, 2006
—
Catania Nella C Trust
Cosentino Investment
Warranty Deed
related
—
May 5, 2003
—
Cosentino Investment Co
Ligna LP
Grant Deed
related
—
Apr 16, 1999
$1,450,000
Consentino Trust
Chester Estates Ltd
Grant Deed
$1,087,500 · Commercial Federal Bank
—
—
Edison Investments LLC
—
Deed Of Trust
related
—
—
—
Edison Investments LLC
—
Deed Of Trust
related
$1,130,000 · Eastern Colorado Bank
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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