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Property profile & analytics
OFF-MARKET
Estimated value
$4,835,000
Strip malls
5510 Powers Ctr Pt Colorado Springs, CO 80920
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2813423
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,245 SF
Lot
0.77 ac (33,545 SF)
Zoning code
PBC A AO
APN
6236401004
UPID
US13-2813423
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.84M
Owner & transaction history
Lafayette Powers Center Retail II L · 1 yrs held
Lafayette Powers Center Retail II L
since 2025
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
PBC A AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+64.2%
Apartment house (5+ units)
$3.8M
+53.1%
Commercial (general)
$3.6M
+44.3%
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
$4,990,000
ML approach
$4,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,045,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,775,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,555,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$4.84M
Range $4.35M – $5.32M · ±10% · vs last sale $4.70M (Oct 17 2024)
Last sale anchor
$4.70M
Oct 17 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
$523 / 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
$34,017
Tax year 2023
Assessed value
$516,110
Assessed 2023
Previous assessed
$516,110
+0.0% YoY
Effective rate
6.59%
On assessed value
Assessed land
$127,280
Assessed improvement
$388,830
Land market value
$456,212
Improvement market value
$1,393,673
Total market value
$1,849,885
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
9,245 SF
Lot
0.77 ac (33,545 SF)
Zoning code
PBC A AO
APN
6236401004
UPID
US13-2813423
Jurisdiction
EL PASO
Zoning & alternative use
PBC A AO · Colorado Springs, CO
Zoning PBC A AO · permitted uses
PBC A 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
RESTAURANT
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Lafayette Powers Center Retail II L
Individual
Mailing address
23270 MORA HTS WAY, LOS ALTOS, CA 94024-6623
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
Jan 17, 2025
$4,700,000
Lafayette Powers Center Retail II L
A3m2 Family LLC
Special Warranty Deed
$3,055,000 · Premier Members Cu
Feb 14, 2020
$4,200,000
A3m2 Family LLC
Rps Investment LLC
Grant Deed
—
Jun 23, 2011
$3,100,000
Rps Investment LLC
Powers Retail Center Two LLC
Grant Deed
$2,015,000 · Wells Fargo Bank
Feb 27, 2006
$925,000
Powers Retail Center Two LLC
Powers Center LLC
Warranty Deed
related
$2,472,000 · Intermountain Bank
Sep 30, 2005
—
Powers Center LLC
—
Trustees Deed
related
$249,000 · Integrity Bank & Trust
—
—
Rps Investment LLC
—
Deed Of Trust
related
$1,860,000 · Anb Bk
—
—
Powers Retail Center Two LLC
—
Deed Of Trust
related
$2,439,221 · Kirkpatrick Bank
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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