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Property profile & analytics
OFF-MARKET
Estimated value
$11,050,000
Showrooms
5115 New Car Dr Colorado Springs, CO 80923-8852
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1041009
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
69,736 SF
Lot
11.68 ac (508,781 SF)
Zoning code
C6 P AO
APN
6312219001
UPID
US13-1041009
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
-
6437 Vistancia Ave, Colorado Springs Housing Development
-
Corwin Toyota Colorado Springs Parts Department Auto Parts Store
-
Colorado Auto Credit Law Firm Accounting Firm
-
Corwin Toyota Colorado Springs Car Dealership
-
Corwin Toyota Colorado Springs Service Department Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.98M
Comparable Approach
Comparable
$11.04M
Blend (final)
Blend
$11.05M
Owner & transaction history
Powers Autopark LLC · 17 yrs held
Powers Autopark LLC
since 2008
2 recorded transactions
Zoning & alternative use
C6 P AO · 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%
$12,970,000
6.5%
$11,975,000
7%
$11,120,000
Blend value · Realmo final
$11.05M
Range $9.95M – $12.16M · ±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
$158 / 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
$165,386
Tax year 2023
Assessed value
$1,933,020
Assessed 2023
Previous assessed
$1,933,020
+0.0% YoY
Effective rate
8.56%
On assessed value
Assessed land
$1,178,180
Assessed improvement
$754,840
Land market value
$4,222,874
Improvement market value
$2,705,536
Total market value
$6,928,410
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
69,736 SF
Lot
11.68 ac (508,781 SF)
Zoning code
C6 P AO
APN
6312219001
UPID
US13-1041009
Jurisdiction
EL PASO
Zoning & alternative use
C6 P AO · Colorado Springs, COZoning C6 P AO · permitted uses
C6 P AO · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
11.68 ac
Current owner
From public records · entity-resolved
Powers Autopark LLC
Entity
Mailing address
111 S TEJON ST STE #222, COLORADO SPRINGS, CO 80903-2246
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2009
—
Powers Of Miller Autopark LLC
—
Deed Of Trust
related
$15,500,000 · Toyota Motor Credit Corp
Dec 23, 2008
—
Powers Autopark LLC
Development Management INC
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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