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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Strip malls
505 Security Blvd Colorado Springs, CO 80911-1729
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-2641545
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,000 SF
Lot
0.4 ac (17,400 SF)
Zoning code
CC CAD-O
APN
6511416019
UPID
US13-2641545
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
-
East Dragon Chinese Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Mjk Holdings LLC · 12 yrs held
Mjk Holdings LLC
since 2013
7 recorded transactions
Zoning & alternative use
CC CAD-O · Colorado Springs, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$985,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$960,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$159 / 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
$207,750
Assessed 2023
Previous assessed
$207,750
+0.0% YoY
Assessed land
$33,980
Assessed improvement
$173,770
Land market value
$121,800
Improvement market value
$622,827
Total market value
$744,627
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
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,000 SF
Lot
0.4 ac (17,400 SF)
Zoning code
CC CAD-O
APN
6511416019
UPID
US13-2641545
Jurisdiction
EL PASO
Zoning & alternative use
CC CAD-O · Colorado Springs, CO
Zoning CC CAD-O · permitted uses
CC CAD-O · 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
AUTO REPAIR, GARAGE
Est. value
$985,000
MEDICAL BUILDING
Est. value
$960,000
OFFICE BUILDING
Est. value
$855,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
PACKAGE
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Mjk Holdings LLC
Entity
Mailing address
314 MAIN ST, COLORADO SPRINGS, CO 80911-1713
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2018
—
T Security Center Co LLC
—
Grant Deed
related
$5,760,000 · Wells Fargo Bk
Jan 25, 2017
—
Mjk Holdings LLC
—
Deed
related
$50,000 · Firstbank
Sep 13, 2013
$465,000
Mjk Holdings LLC
Gre Holdings LLC
Special Warranty Deed
$315,000 · Firstbank
Jan 24, 2013
—
Gre Holdings LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Jan 10, 2013
$475,000
Ohana Dental Properties LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$835,600
May 13, 2011
$476,000
Ohana Dental Properties LLC
Anjmun & Deepali LLC
Grant Deed
$835,600 · Guaranty Bank
May 19, 2008
$550,000
Anjmun & Deepali LLC
Bernard B Baros
Warranty Deed
$506,300 · Wachovia Sba Lending INC
May 13, 2002
—
Judy D Baros
—
Deed Of Trust
related
$1,448,000 · Money Store Investment Corp
—
—
Bernard B Baros
—
Deed Of Trust
related
$175,762 · Bank Of Broadmoor
—
—
Mjk Holdings LLC
—
Deed Of Trust
related
$50,000 · Firstbank
—
—
Bernard B Baros
—
Deed Of Trust
related
$350,000 · Bank At Broadmoor
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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