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Property profile & analytics
FOR LEASE
Strip malls
5620 E Woodmen Rd Colorado Springs, CO 80920
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0345716
For Lease
1 / 2
$37 SF/Yr
5620 E Woodmen Rd, Colorado Springs, CO 80920
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,500 SF
Lot
1.61 ac (70,132 SF)
Zoning code
C6/CR AO
APN
6301405004
UPID
US13-0345716
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
-
GameStop Arcade & Gaming Center Electronics & Wireless Store
-
Batteries Plus Auto Parts Store
-
We Fix It Phone Repair Computer & Electronic Repair Tech Support Center
-
Subway Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.64M
Owner & transaction history
Crosslantic LLC · 5 yrs held
Crosslantic LLC
since 2020
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
C6/CR AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+64.2%
Apartment house (5+ units)
$3.1M
+53.1%
Commercial (general)
$2.9M
+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
$3,235,000
ML approach
$3,195,000
CAP Approach
CAP Return
Estimation
6%
$2,000,000
6.5%
$1,845,000
7%
$1,715,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,000,000
Current use
RESTAURANT
$3,280,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,060,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,885,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,845,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,805,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$1,755,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.73M (Dec 22 2020)
Last sale anchor
$2.73M
Dec 22 2020
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
$352 / 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
$29,002
Tax year 2023
Assessed value
$471,770
Assessed 2023
Previous assessed
$471,770
+0.0% YoY
Effective rate
6.15%
On assessed value
Assessed land
$306,220
Assessed improvement
$165,550
Land market value
$1,097,550
Improvement market value
$593,358
Total market value
$1,690,908
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
For Lease
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
7,500 SF
Lot
1.61 ac (70,132 SF)
Zoning code
C6/CR AO
APN
6301405004
UPID
US13-0345716
Jurisdiction
EL PASO
Zoning & alternative use
C6/CR AO · Colorado Springs, CO
Zoning C6/CR AO · permitted uses
C6/CR 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Crosslantic LLC
Entity
Mailing address
1050 E FLAMINGO RDS107#155, LAS VEGAS, NV 89119-7427
Ownership since
2020
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
Dec 22, 2020
$272,500
Crosslantic LLC
Windsong Colorado LLC
Special Warranty Deed
$1,740,000 · Standard Insurance Co
Jun 20, 2013
—
Windsong Colorado LLC
Tarlton,jason A & Vanessa A
Grant Deed
—
Mar 5, 2012
$2,165,000
Jason A Tarlton
Eliot Powers LLC
Grant Deed
$1,280,000 · Farm Bureau Life Ins Michigan
Jan 4, 2010
—
Sojourner Investments LLC
Bsk Properties LLC
Grant Deed
—
Aug 6, 2004
$100,000
Eliot Powers LLC
Bsk Properties LLC
Grant Deed
$1,200,000 · Mtl Insurance Co
Aug 6, 2004
—
Bull-berglind LLC
Powers Point LLC
Grant Deed
related
—
Nov 12, 2002
$5,100,000
Powers Point LLC
Lp47 LLC
Grant Deed
—
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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