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Property profile & analytics
OFF-MARKET
Estimated value
$8,135,000
Outlet malls
5110 Academy Blvd Colorado Springs, CO 80918-4002
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-1002168
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,671 SF
Lot
3.4 ac (148,104 SF)
Zoning code
PBC
APN
6321115023
UPID
US13-1002168
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
-
O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.15M
CAP Approach
CAP
$7.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.14M
Owner & transaction history
Oreilly Auto Enterprises LLC · 2 yrs held
Oreilly Auto Enterprises LLC
since 2023
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
PBC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.0M
+26.8%
Auto repair, garage
$9.3M
+17.1%
Medical building
$9.1M
+14.5%
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
$7,985,000
ML approach
$8,145,000
CAP Approach
CAP Return
Estimation
6%
$7,960,000
6.5%
$7,345,000
7%
$6,820,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,915,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,040,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,275,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$9,060,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$7,120,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$8.14M
Range $7.32M – $8.95M · ±10% · vs last sale $8.20M (Oct 20 2023)
Last sale anchor
$8.20M
Oct 20 2023
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
$216 / 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
$697,500
Assessed 2023
Previous assessed
$697,500
+0.0% YoY
Assessed land
$369,820
Assessed improvement
$327,680
Land market value
$1,325,531
Improvement market value
$1,174,469
Total market value
$2,500,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
37,671 SF
Lot
3.4 ac (148,104 SF)
Zoning code
PBC
APN
6321115023
UPID
US13-1002168
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, CO
Zoning PBC · permitted uses
PBC · 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
RETAIL STORES Current
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.0M
AUTO REPAIR, GARAGE
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$9.1M
OFFICE BUILDING
Est. value
$7.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
Oreilly Auto Enterprises LLC
Entity
Free & Clear · 2 yrs held
Mailing address
233 S PATTERSON AVE, SPRINGFIELD, MO 65802-2210
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
—
Oreilly Auto Enterprises LLC
Tkg Academy Place Development LLC
Lease
—
Dec 7, 2020
—
Academy Place Dev LLC
—
Deed
related
—
Aug 17, 2016
—
Tkg Academy Place Dev LLC
—
Deed
related
—
Oct 9, 2013
—
Tkg Academy Place Dev LLC
—
Deed Of Trust
related
$6,560,000 · Us Bk
—
—
Tkg Academy Place Dev LLC
—
Loan Modification
related
—
—
—
Tkg Academy Place Dev LLC
—
Loan Modification
related
—
—
—
Academy Place Dev LLC
—
Loan Modification
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.
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