Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    465 31st St Colorado Springs, CO 80904-3123

    • Manufacturing properties
    • 10,944 SF
    • 0.90 lot acres
    OFF-MARKET
    Last Sale
    Dec 09, 2020
    $1,125,000
    Value Estimations
    $1,250,000
    Show details
    Cap Rate Potential
    7.4%
    Manufacturing properties
    Location Intelligence
    Property ID
    US13-0346885
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Woodworks Mill Shop / Cabinet Maker / Woodworker

    Property Details for 465 31st St

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    0.90 lot acres
    Property size
    10,944 SF
    Zone code
    PIP2 CU HS
    Property type
    Manufacturing properties
    APN
    7410105017
    APU
    7410105017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,335,000
      ML approach
      $1,335,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,655,000
      6.5%
      $1,530,000
      7%
      $1,420,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,045,000
      Market price range: $890k - $2.46M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,445,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.872
    Latitude
    38.8485
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,738
    $53,760
    $123,970
    $177,730
    -
    $192,702
    $444,345
    $637,047

    Comparable in this City

    • Value Estimation
      $975,000
      10,810 SF

      385 31st St

      MANUFACTURING (LIGHT) • 10,810 SF
      385 31st St, Colorado Springs, CO 80904-3152
      View Details
    • Value Estimation by Request
      625 SF

      4220 Black Cyn Rd

      MANUFACTURING (LIGHT) • 625 SF
      4220 Black Cyn Rd, Colorado Springs, CO 80904
      View Details
    • Value Estimation
      $745,000
      10,400 SF

      2620 Robinson St

      MANUFACTURING (LIGHT) • 10,400 SF
      2620 Robinson St, Colorado Springs, CO 80904-3132
      View Details
    • Value Estimation
      $525,000
      6,615 SF

      2519 Colorado Ave

      MANUFACTURING (LIGHT) • 6,615 SF
      2519 Colorado Ave, Colorado Springs, CO 80904
      View Details
    • Value Estimation
      $505,000
      6,830 SF

      2515 Colorado Ave

      MANUFACTURING (LIGHT) • 6,830 SF
      2515 Colorado Ave, Colorado Springs, CO 80904-3022
      View Details
    • Value Estimation
      $720,000
      7,000 SF

      2120 Naegele Rd

      MANUFACTURING (LIGHT) • 7,000 SF
      2120 Naegele Rd, Colorado Springs, CO 80904-3329
      View Details

    Similar Nearby for Sale

    • $2,200,000
      4,494 SF

      Turnkey Brewery/Restaurant in Old Colorado

      Former brewery/restaurant with equipment and infrastructure in high-demand location.
      2925 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • $400,000
      1,152 SF

      Prime Auto Shop in Colorado Springs

      1,152 SF Auto Shop, $400,000
      2275 Busch Ave, Colorado Springs, CO 80904
      View Details
    • $749,500

      Office Warehouse Building For Sale

      Office warehouse building with parking and flexible zoning.
      2025 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • $545,000
      0.59 Acres

      Commercial Warehouse with Fenced Lot

      Warehouse with bays, office, large yard, and convenient location.
      2427 Busch Ave, Colorado Springs, CO 80904
      View Details
    • $1,056,000
      3,299 SF

      Old Colorado City Retail Condo

      Historic storefront, prime location
      2411 Colorado Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      18,192 SF

      Westside Station Apartments

      24-Unit Multifamily Investment
      25 31St St, Colorado Springs, CO 80904
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Colorado Springs Industrial Space

      Automotive-Focused Units Available
      2275 Busch Ave, Colorado Springs, CO 80904
      View Details
    • $1,650,000
      6,482 SF

      Industrial Building with Highway Visibility

      6,482 SF industrial/office building with ample outdoor storage.
      2264 Naegele Rd, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Space in Colorado Springs

      5,000 SF industrial property available for lease.
      2250 Busch Ave, Colorado Springs, CO 80904
      View Details
    • $15 SF/Yr
      8,280 SF

      Ore Mill Road Warehouse Space

      High-visibility warehouse space for lease.
      2725 Ore Mill Rd, Colorado Springs, CO 80904
      View Details
    • $11 SF/Yr
      4,240 SF

      Colorado Springs Warehouse Space Available

      4,240 SF warehouse space for lease in Colorado Springs.
      2250 Bott Ave, Colorado Springs, CO 80904
      View Details
    • $15 SF/Yr
      840 SF

      Industrial Space with Highway Visibility

      Flexible industrial space visible from Highway 24, near downtown.
      2755 Ore Mill Rd, Colorado Springs, CO 80904
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    465 31st St
    Colorado Springs, CO 80904-3123
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.