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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Distribution centers
540 Cimarron St Colorado Springs, CO 80903-4435
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0738145
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1968
Construction
WOOD FRAME
Total area
9,470 SF
Lot
1.13 ac (49,223 SF)
Zoning code
PIP1/CR UV
APN
6418414111
UPID
US13-0738145
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
-
Energy Resource Center Charitable Organization Social Service Agency
-
Quick Neighborhood A/C Repair LLC Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.82M
Owner & transaction history
City Gate 550 Cimarron LLC · 6 yrs held
City Gate 550 Cimarron LLC
since 2019
7 recorded transactions
Zoning & alternative use
PIP1/CR UV · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+62.0%
Office building
$2.4M
+51.6%
Auto repair, garage
$2.3M
+49.6%
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%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,560,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,525,000
Change: +62% · Conversion: Moderate
OFFICE BUILDING
$2,360,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,330,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$2,280,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±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
$192 / 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
$368,630
Assessed 2023
Previous assessed
$368,630
+0.0% YoY
Assessed land
$61,110
Assessed improvement
$307,520
Land market value
$219,038
Improvement market value
$1,102,227
Total market value
$1,321,265
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
1968
Construction
WOOD FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
9,470 SF
Lot
1.13 ac (49,223 SF)
Zoning code
PIP1/CR UV
APN
6418414111
UPID
US13-0738145
Jurisdiction
EL PASO
Zoning & alternative use
PIP1/CR UV · Colorado Springs, CO
Zoning PIP1/CR UV · permitted uses
PIP1/CR UV · 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
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
1968
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
City Gate 550 Cimarron LLC
Entity
Mailing address
540 E CIMARRON ST, COLORADO SPRINGS, CO 80903-4435
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2019
$2,100,000
City Gate 550 Cimarron LLC
Bpvr Co LLC
Grant Deed
—
May 21, 2018
—
Bpvr Co LLC
—
Deed
related
$1,500,000 · Waypoint Bk
Nov 28, 2016
$2,870,000
Bpvr Co LLC
Centennial Realty Partners Lllp
Special Warranty Deed
$3,232,500 · Wells Fargo Bank NA
Apr 27, 2015
—
Bpvr Co LLC
—
Grant Deed
related
$1,004,247 · Mountain View Bk
Mar 13, 2014
$450,000
Bpvr Co LLC
Mcclurg Family LLC
Special Warranty Deed
$403,000 · Dba Mountain View Bank
—
—
Mcclurg Family LLC
—
Deed Of Trust
related
$500,000 · United Western Bank
—
—
Mcclurg Family LLC
—
Deed Of Trust
related
$1,500,000 · United Western Bank
—
—
Bpvr Co LLC
—
Loan Modification
related
$1,477,999 · Mountain View Bk
—
—
Bpvr Co LLC
—
Loan Modification
related
$1,500,000 · Waypoint 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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