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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Warehouses
4910 Northpark Dr Colorado Springs, CO 80918-3820
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2244137
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,680 SF
Lot
1.76 ac (76,666 SF)
Zoning code
M1 CU
APN
6319304002
UPID
US13-2244137
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
$4.50M
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$4.50M
Owner & transaction history
Capri Properties LLC · 2 yrs held
Capri Properties LLC
since 2024
Last sale
$4.5M
3 recorded transactions
Zoning & alternative use
M1 CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.3M
+62.0%
Auto repair, garage
$5.8M
+49.6%
Medical building
$5.7M
+46.2%
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
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
$3,430,000
6.5%
$3,165,000
7%
$2,940,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,895,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,310,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,830,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$5,695,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$4,975,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (Mar 4 2024)
Last sale anchor
$4.50M
Mar 4 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
$190 / 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
$30,865
Tax year 2023
Assessed value
$571,710
Assessed 2023
Previous assessed
$571,710
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$91,980
Assessed improvement
$479,730
Land market value
$329,660
Improvement market value
$1,719,476
Total market value
$2,049,136
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
23,680 SF
Lot
1.76 ac (76,666 SF)
Zoning code
M1 CU
APN
6319304002
UPID
US13-2244137
Jurisdiction
EL PASO
Zoning & alternative use
M1 CU · Colorado Springs, CO
Zoning M1 CU · permitted uses
M1 CU · 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
WAREHOUSE, STORAGE Current
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.7M
RETAIL STORES
Est. value
$5.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Capri Properties LLC
Entity
Mailing address
4910 NORTHPARK DR, COLORADO SPRINGS, CO 80918-3820
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
$4,500,000
Capri Properties LLC
Edr Allinn LLC
Special Warranty Deed
$3,000,000 · Edr Allinn LLC
Mar 4, 2024
—
Edr Allinn LLC
Melrjno 3 Lllp
Special Warranty Deed
—
Jan 17, 2017
$1,325,000
Melrjno3lllp
Nixon Nancy L Trust
Warranty Deed
—
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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