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Property profile & analytics
OFF-MARKET
Estimated value
$5,475,000
Auto shops
5595 Academy Blvd Colorado Springs, CO 80918-3603
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-0580698
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,127 SF
Lot
5.83 ac (253,955 SF)
Zoning code
C5 CU P
APN
6321201020
UPID
US13-0580698
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
-
Enterprise Car Sales Car Dealership
-
Enterprise Rent-A-Car Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.92M
Blend (final)
Blend
$5.48M
Owner & transaction history
Kc Miller Real Estate LLC · 3 yrs held
Kc Miller Real Estate LLC
since 2023
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
C5 CU P · 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
Method
Estimation
Statistic approach
$5,360,000
ML approach
$5,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,010,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.48M
Range $4.93M – $6.02M · ±10% · vs last sale $5.51M (Feb 21 2023)
Last sale anchor
$5.51M
Feb 21 2023
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
$144 / 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
$902,590
Assessed 2023
Previous assessed
$902,590
+0.0% YoY
Assessed land
$619,970
Assessed improvement
$282,620
Land market value
$2,222,098
Improvement market value
$1,012,963
Total market value
$3,235,061
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
38,127 SF
Lot
5.83 ac (253,955 SF)
Zoning code
C5 CU P
APN
6321201020
UPID
US13-0580698
Jurisdiction
EL PASO
Zoning & alternative use
C5 CU P · Colorado Springs, CO
Zoning C5 CU P · permitted uses
C5 CU P · 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
Est. value
$8.0M
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
5.83 ac
Current owner
From public records · entity-resolved
Kc Miller Real Estate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
12251 WCR 22ND 12, FORT LUPTON, CO 80621
Ownership since
2023
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
Feb 21, 2023
$5,505,800
Kc Miller Real Estate LLC
Cross Development Cc Asbury LLC
Special Warranty Deed
—
May 16, 2022
$3,900,000
Cross Development Cc Asbury LLC
Lhm Collision Csco LLC
Special Warranty Deed
$4,486,654 · Sb Pb Victory LP
May 16, 2022
—
Caliber Bodyworks Of Colorado LLC
Cross Development Cc Asbury LLC
Lease
—
Jan 5, 2022
—
Larry H Miller Of Colorado Springs
Miller Family Real Estate LLC
Lease
—
Jan 5, 2022
$3,900,000
Lhm Collision Csco LLC
Miller Family Real Estate LLC
Special Warranty Deed
—
Jun 28, 2021
—
Miller Family Real Estate LLC
—
Deed
related
$525,000,000 · Comerica Bank
Jun 5, 2017
—
Miller Fam R & E LLC
—
Loan Modification
related
$279,000,000 · Comerica Bk
Apr 6, 1998
—
Miller Family Real Estate LLC
Miller,lawrence H & Karen G
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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