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Property profile & analytics
OFF-MARKET
Distribution centers
547 Cimarron St Colorado Springs, CO 80903-4434
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US13-2791042
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1984
Construction
WOOD FRAME
Total area
1,756 SF
Zoning code
PIP1/CR
APN
6418414120
UPID
US13-2791042
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
-
Best Finishes LLC Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stout,michael P & Kathleen A · 21 yrs held
Stout,michael P & Kathleen A
since 2004
7 recorded transactions
Zoning & alternative use
PIP1/CR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,077
Tax year 2023
Assessed value
$37,350
Assessed 2023
Previous assessed
$37,350
+0.0% YoY
Effective rate
5.56%
On assessed value
Assessed land
$5,130
Assessed improvement
$32,220
Land market value
$18,394
Improvement market value
$115,483
Total market value
$133,877
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
1984
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Total area
1,756 SF
Zoning code
PIP1/CR
APN
6418414120
UPID
US13-2791042
Jurisdiction
EL PASO
Zoning & alternative use
PIP1/CR · Colorado Springs, CO
Zoning PIP1/CR · permitted uses
PIP1/CR · 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.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Current owner
From public records · entity-resolved
Stout,michael P & Kathleen A
Individual
Mailing address
4 SEQUOYAH RD, COLORADO SPRINGS, CO 80906-4314
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
Michael P Stout
—
Deed
related
$870,000 · Waypoint Bank
May 28, 2019
—
Michael P Stout
—
Deed
related
$280,504 · Waypoint Bk
Dec 29, 2016
—
Michael P Stout
—
Deed
related
—
Sep 29, 2016
—
Michael P Stout
—
Deed
related
$200,000 · Northstar Bank Of Colorado
Aug 24, 2004
$87,400
Stout,michael P & Kathleen A
Westwind Ptshp
Warranty Deed
$71,844 · Bank At Broadmoor
Mar 26, 2001
$53,500
Westwind Partnership
World Wide Properties Ptshp
Grant Deed
—
—
—
Michael P Stout
—
Deed Of Trust
related
$280,504 · Waypoint Bk
—
—
Michael P Stout
—
Loan Modification
related
—
—
—
Stout,michael P & Kathleen A
—
Deed Of Trust
related
$125,966 · Bank At Broadmoor
—
—
Michael P Stout
—
Loan Modification
related
—
—
—
Michael P Stout
—
Loan Modification
related
—
—
—
Michael P Stout
—
Deed Of Trust
related
$25,000 · Bank At Broadmoor
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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