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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4860 Vanadium Dr Colorado Springs, CO 80918-5046

    • Warehouses
    • 2,924 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Oct 08, 2020
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0787758
    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

    • Lets Make A Deal Pawn & Gun / Pawn Shop / Gun Shop

    Property Details for 4860 Vanadium Dr

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    2,924 SF
    Zone code
    C-2 CAD-O
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    6323408001
    APU
    6323408001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $425,000
      6.5%
      $390,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $349,000
      Market price range: $350k - $735k
      AI Estimate
      $349,000
      Market price range: $120k - $1.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.746
    Latitude
    38.9
    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
    $0.00
    $21,920
    $55,620
    $77,540
    -
    $78,570
    $199,356
    $277,926

    Comparable in this City

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      $275,000
      100 SF

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      MINI-WAREHOUSE, STORAGE • 100 SF
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      View Details
    • Value Estimation
      $3,775,000
      23,680 SF

      4910 Northpark Dr

      MINI-WAREHOUSE, STORAGE • 23,680 SF
      4910 Northpark Dr, Colorado Springs, CO 80918-3820
      View Details
    • Value Estimation
      $625,000
      33,964 SF

      2715 Dublin Blvd

      MINI-WAREHOUSE, STORAGE • 33,964 SF
      2715 Dublin Blvd, Colorado Springs, CO 80918-1360
      View Details
    • Value Estimation
      $225,000
      1,584 SF

      4753 Garnet Dr

      MINI-WAREHOUSE, STORAGE • 1,584 SF
      4753 Garnet Dr, Colorado Springs, CO 80918
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    • Value Estimation
      $240,000
      625 SF

      Vickers Dr

      MINI-WAREHOUSE, STORAGE • 625 SF
      Vickers Dr, Colorado Springs, CO 80918
      View Details
    • Value Estimation
      $3,070,000
      29,304 SF

      4825 Northpark Dr

      MINI-WAREHOUSE, STORAGE • 29,304 SF
      4825 Northpark Dr, Colorado Springs, CO 80918-3817
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,080 SF

      Corner Location Retail/Industrial Space

      High-visibility corner location suitable for retail, office, or industrial use.
      6121 N Academy Blvd, Colorado Springs, CO 80918
      View Details
    • $3,500,000

      Leased Warehouse Near I-25

      Fully leased warehouse property with I-25 access and recent upgrades.
      4795 Northpark Dr, Colorado Springs, CO 80918
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    • $3,500,000
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      Leased Office/Warehouse Near I-25

      Multi-tenant office/warehouse property with I-25 access and recent roof.
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    • Contact for pricing
      2,448 SF

      Prime QSR Location - Colorado Springs

      Vacant KFC, Drive-Thru, High Traffic
      3775 Austin Bluffs Pkwy, Colorado Springs, CO 80918
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    • $75,000
      840 SF

      Move-In Ready Manufactured Home

      Redone manufactured home in Crestline Manor MHC, move-in ready.
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      Two-Story Office Building For Sale

      Well-maintained office building with strong tenant mix in prime location.
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    Similar Nearby for Lease

    • $14 SF/Yr
      1,450 SF

      Two-Story Industrial Building Available

      13,992 SF M1-zoned building with income potential.
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    • $14 SF/Yr
      154,988 SF

      Centerpointe Plaza Retail Space Available

      Prime Colorado Springs retail, multiple suites.
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      View Details
    • $12 SF/Yr
      10,652 SF

      Colorado Springs Office Space For Lease

      Prime renovated office space; flexible layouts available.
      5604 Union Blvd, Colorado Springs, CO 80918
      View Details
    • $6 SF/Yr
      2,400 SF

      Prime Retail Space, Colorado Springs

      High-visibility retail building, 2400 sq ft.
      3302 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      7,000 SF

      Prime Colorado Springs Office Space

      Executive Suite, 7,000 SF Available
      1817-1821 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      72,745 SF

      Prime Colorado Springs Commercial Land

      1.67 Acres, C2 Zoning, Excellent Location
      0 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
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    Colorado Springs, CO 80918-5046
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    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
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