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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Retail space
5576 Academy Blvd Colorado Springs, CO 80918-3604
Individually Owned
1-yr Hold
Free & Clear
Property ID
US13-0440033
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,840 SF
Lot
1.01 ac (43,996 SF)
Zoning code
PBC
APN
6321114007
UPID
US13-0440033
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
$2.40M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$2.40M
Owner & transaction history
Bellco Credit Union · 1 yrs held
Bellco Credit Union
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
PBC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+83.1%
Neighborhood: shopping center
$2.6M
+26.8%
Auto repair, garage
$2.4M
+17.1%
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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,780,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,070,000
Current use
COMMERCIAL (GENERAL)
$3,785,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,625,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,420,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$2,365,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$1,860,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Sep 12 2024)
Last sale anchor
$2.40M
Sep 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
$244 / 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
$352,220
Assessed 2023
Previous assessed
$352,220
+0.0% YoY
Assessed land
$171,840
Assessed improvement
$180,380
Land market value
$615,930
Improvement market value
$646,511
Total market value
$1,262,441
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
9,840 SF
Lot
1.01 ac (43,996 SF)
Zoning code
PBC
APN
6321114007
UPID
US13-0440033
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, CO
Zoning PBC · permitted uses
PBC · 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
RETAIL STORES Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Lot
1.01 ac
Current owner
From public records · entity-resolved
Bellco Credit Union
Individual
Free & Clear · 1 yrs held
Mailing address
7600 E ORCH RD STE 400N, GREENWOOD VILLAGE, CO 80111-2522
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
$2,400,000
Bellco Credit Union
5495 N Academy LLC
Special Warranty Deed
—
Oct 29, 2021
—
University Of Colorado Foundation
Struss Enterprises INC
Bargain And Sale Deed
—
Mar 16, 2011
$650,000
Paam LLC
Northern Lights LLC
Grant Deed
$700,000 · Central Bank & Trust
Mar 12, 2010
—
Northern Lights LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Feb 18, 2010
$815,220
Ernest U Stolper
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$1,340,000
Dec 20, 2002
$1,530,000
Ernest U Stolper
Green Springs Equities Ltd
Grant Deed
$1,112,403 · First United Bank
Feb 2, 1998
$885,000
Green Springs Equities Ltd
Bayside Investors Ltd
Grant Deed
related
$1,200,000 · Commercial Federal Bank
—
—
Ernest U Stolper
—
Deed Of Trust
related
$1,340,000 · American National Bank & Trust
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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