Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Strip malls
481 Hwy 105 Monument, CO 80132-9165
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-1988030
Property summary
AI-generated overview
Monument Plaza, located at 481 W Hwy 105 in Colorado Springs, CO 80132, presents a unique opportunity within the thriving CO - Colorado Springs Tri-Lakes submarket. This single-story, 29,204 square foot retail strip center, built in 1984, sits on a 3.6-acre lot (156,816 square feet) and is zoned C-1 (Monument). Currently, there is 1,050 square feet of vacant space available for lease within this established center. The property boasts a strong tenant roster including Farmers Insurance, Domino's Pizza, Horseshoe Donuts, Broken Bones Barbecue, American Family Insurance, RoadStar Academy, Live Now, Game City, TK Nails, Dirty Dogs Grooming, Inconceivable Toys and Games, Rocky Mountain Barbershop, Beads & Needs, Chief Vapor, and Columbine Gardens. Ample parking is provided with 111 spaces, a ratio of 4 spaces per 1,000 square feet. This well-maintained property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property is located in El Paso County.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,030 SF
Lot
3.6 ac (156,816 SF)
Zoning code
CC
APN
7114203057
UPID
US13-1988030
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Monument Rock Properties LLC · 10 yrs held
Monument Rock Properties LLC
since 2016
2 recorded transactions
Zoning & alternative use
CC · Monument, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Monument submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monument 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,985,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$2,680,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$2,595,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±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
$164 / 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
$42,086
Tax year 2023
Assessed value
$599,850
Assessed 2023
Previous assessed
$599,850
+0.0% YoY
Effective rate
7.02%
On assessed value
Assessed land
$330,330
Assessed improvement
$269,520
Land market value
$1,183,961
Improvement market value
$966,035
Total market value
$2,149,996
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
11,030 SF
Lot
3.6 ac (156,816 SF)
Zoning code
CC
APN
7114203057
UPID
US13-1988030
Jurisdiction
EL PASO
Zoning & alternative use
CC · Monument, CO
Zoning CC · permitted uses
CC · Monument, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monument. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
3.6 ac
Current owner
From public records · entity-resolved
Monument Rock Properties LLC
Entity
Mailing address
3019 JET WING DR, COLORADO SPRINGS, CO 80916-3270
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2016
$3,200,000
Monument Rock Properties LLC
Visions Holdings LLC
Grant Deed
$2,400,000 · Colorado East Bk
Jun 4, 2013
—
Norton R Smith
Smith,norton R
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 481 Hwy 105?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
