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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Distribution centers
5240 Mark Dabling Blvd Colorado Springs, CO 80918-3837
Entity Owned
1-yr Hold
Free & Clear
Property ID
US13-1063808
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,857 SF
Lot
0.52 ac (22,692 SF)
Zoning code
PIP2/CR SS
APN
6319207009
UPID
US13-1063808
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
-
FAUDI Aviation Americas Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$701k
Blend (final)
Blend
$1.01M
Owner & transaction history
P&j Industries LLC · 1 yrs held
P&j Industries LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
PIP2/CR SS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+62.0%
Auto repair, garage
$1.4M
+49.6%
Medical building
$1.4M
+46.2%
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
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$965,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,560,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,440,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$1,410,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$1,230,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.40M (Jan 30 2025)
Last sale anchor
$1.40M
Jan 30 2025
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
$172 / 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
$6,234
Tax year 2023
Assessed value
$122,140
Assessed 2023
Previous assessed
$122,140
+0.0% YoY
Effective rate
5.10%
On assessed value
Assessed land
$32,920
Assessed improvement
$89,220
Land market value
$117,998
Improvement market value
$319,792
Total market value
$437,790
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
5,857 SF
Lot
0.52 ac (22,692 SF)
Zoning code
PIP2/CR SS
APN
6319207009
UPID
US13-1063808
Jurisdiction
EL PASO
Zoning & alternative use
PIP2/CR SS · Colorado Springs, CO
Zoning PIP2/CR SS · permitted uses
PIP2/CR SS · 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
WAREHOUSE, STORAGE Current
Est. value
$965,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
P&j Industries LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5240 MARK DABLING BLVD, COLORADO SPRINGS, CO 80918-3837
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jul 10, 2025
—
P&j Industries LLC
Jeffrey Riggs
Special Warranty Deed
—
Apr 30, 2025
$1,400,000
Jeffrey Riggs
Michael W Underwood
Special Warranty Deed
—
Mar 15, 2024
$1,050,000
Michael W Underwood
Faudi Aviation America Real Estate
Special Warranty Deed
$8,364 · Charley Conrad Etal
Dec 28, 2021
—
Faudi Aviation America Real Estate
—
Deed
related
$337,500 · Front Range Income LLC
Jul 1, 2021
$732,000
Faudi Aviation America Real Estate
La Canon LLC
Special Warranty Deed
—
Nov 17, 2014
$566,800
La Canon LLC
5240 5320 & 5445 Mark Dabling
Grant Deed
—
Mar 2, 1998
—
Elaine Andrews
Dubrock,roger W
Quit Claim Deed
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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