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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Distribution centers
5615 Industrial Pl, Colorado Springs, CO 80916-1713
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-2738415
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Construction
STEEL FRAME
Total area
6,000 SF
Lot
1.42 ac (61,855 SF)
Zoning code
PIP2 UV AO SS
APN
6424103009
UPID
US13-2738415
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
-
Gummi Creations Consultant
-
goHomePort RV Service and Repairs - Colorado Springs Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.39M
Owner & transaction history
Lme Evans LLC · 2 yrs held
Lme Evans LLC
since 2023
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
PIP2 UV AO SS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+143.7%
Neighborhood: shopping center
$1.6M
+68.8%
Auto repair, garage
$1.5M
+55.9%
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
$1,365,000
ML approach
$1,370,000
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$950,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$945,000
Current use
COMMERCIAL (GENERAL)
$2,310,000
Change: +144% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,600,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,475,000
Change: +56% · Conversion: Easy
MEDICAL BUILDING
$1,445,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,280,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10% · vs last sale $1.40M (Oct 10 2023)
Last sale anchor
$1.40M
Oct 10 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
$231 / 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
$14,193
Tax year 2023
Assessed value
$284,840
Assessed 2023
Previous assessed
$284,840
+0.0% YoY
Effective rate
4.98%
On assessed value
Assessed land
$62,990
Assessed improvement
$221,850
Land market value
$225,771
Improvement market value
$795,173
Total market value
$1,020,944
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
2004
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
6,000 SF
Lot
1.42 ac (61,855 SF)
Zoning code
PIP2 UV AO SS
APN
6424103009
UPID
US13-2738415
Jurisdiction
EL PASO
Zoning & alternative use
PIP2 UV AO SS · Colorado Springs, CO
Zoning PIP2 UV AO SS · permitted uses
PIP2 UV AO SS · 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
$945,000
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE 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
2004
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Lme Evans LLC
Entity
Free & Clear · 2 yrs held
Mailing address
9551 E ORCH DR, GREENWOOD VILLAGE, CO 80111-3503
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
$1,400,000
Lme Evans LLC
Peak Industrial Holdings LLC
Warranty Deed
—
Apr 1, 2019
$850,000
Peak Industrial Holdings LLC
Lavington Colorado Investments LLC
Special Warranty Deed
$605,000 · First United Bank And Trust
Jun 20, 2017
$800,000
Lavington Colorado Invs LLC
5615 Industrial Place LLC
Grant Deed
$600,000 · Firstbank
Dec 16, 2008
—
Environmental Abatement Southw
—
Trustees Deed
related
—
Feb 6, 2008
—
5615 Industrial Place LLC
—
Trustees Deed
related
$80,000 · Peoples National Bank
Apr 28, 2004
—
5615 Industrial Place LLC
Rimsza,james A
Quit Claim Deed
related
$545,200 · Wachovia Sba Lending INC
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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