506 8th St Colorado Springs, CO 80905-1808
Property profile & analytics
506 8th St, Colorado Springs, CO 80905-1808
- Retail space
- 3,533 SF
- 0.21 lot acres
Property ID
US13-2805688
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.
Location Intelligence
Current Use by Public Records
- JMB 8th Street Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
Property Details for 506 8th St
- Year built
- 1964
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.21 lot acres
- Zone code
- C6
- Property type
- Retail space
- APN
- 7413313017
- APU
- 7413313017
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 19, 2007 | $397,500 | Jbc Properties LLC | Taylor,cho C | Warranty Deed | $320k · Hanmi Bank |
| Dec 30, 2003 | $375,000 | Cho C Taylor | Hongs INC | Grant Deed | $250k · Us Bank NA |
| Dec 19, 2000 | $350,000 | Hongs INC | Schunk Trust | Quit Claim Deed · related | $280k · Seller |
| Dec 19, 2000 | — | Schunk Trust | Weber/costila Mortgage Co | Quit Claim Deed · related | — |
| — | — | Hong INC | — | Deed Of Trust · related | $250k · Premier Bank |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $710,000
- 6.5%
- $655,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $373,000
Market price range: $157k - $572k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $740,000 Current use
- MEDICAL BUILDING
- $850,000 Change: +14% Conversion: Difficult
- OFFICE BUILDING
- $755,000 Change: +2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.841
- Latitude
- 38.8268
- 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
$8,178
$34,320
$123,310
$157,630
-
$123,025
$441,975
$565,000
