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Property profile & analytics
OFF-MARKET
Estimated value
$4,100,000
Strip malls
521 Murray Blvd Colorado Springs, CO 80915-3403
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-1411658
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,012 SF
Lot
3.29 ac (143,312 SF)
Zoning code
C6 P APZ2 AO
APN
6411401051
UPID
US13-1411658
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
-
Daniel Tires (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.10M
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.10M
Owner & transaction history
Lafayette North Murray Retail LLC · 1 yrs held
Lafayette North Murray Retail LLC
since 2024
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
C6 P APZ2 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
$4,100,000
ML approach
$4,100,000
CAP Approach
CAP Return
Estimation
6%
$4,150,000
6.5%
$3,830,000
7%
$3,555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,800,000
Current use
AUTO REPAIR, GARAGE
$4,435,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$4,335,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$3,845,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$4.10M
Range $3.69M – $4.51M · ±10% · vs last sale $4.10M (Nov 12 2024)
Last sale anchor
$4.10M
Nov 12 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
$228 / 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
$378,170
Assessed 2023
Previous assessed
$378,170
+0.0% YoY
Assessed land
$203,920
Assessed improvement
$174,250
Land market value
$730,891
Improvement market value
$624,544
Total market value
$1,355,435
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
18,012 SF
Lot
3.29 ac (143,312 SF)
Zoning code
C6 P APZ2 AO
APN
6411401051
UPID
US13-1411658
Jurisdiction
EL PASO
Zoning & alternative use
C6 P APZ2 AO · Colorado Springs, CO
Zoning C6 P APZ2 AO · permitted uses
C6 P APZ2 AO · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
3.29 ac
Current owner
From public records · entity-resolved
Lafayette North Murray Retail LLC
Entity
Mailing address
PO BOX 6247, DENVER, CO 80206-0247
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
Nov 12, 2024
$4,100,000
Lafayette North Murray Retail LLC
Murray Square Investments Ltd
Special Warranty Deed
$2,665,000 · Firstbank
Jun 5, 2020
—
Murray Square Investments Ltd
Murray Square Investments Ltd
Intrafamily Transfer
related
$750,000 · Alpine Bank
—
—
Murray Square Investments Ltd
—
Deed Of Trust
related
$950,000 · Amg Nat'l Tr Bk
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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