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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Manufacturing properties
5675 Parachute Cir Colorado Springs, CO 80916-4728
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US13-0698795
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
STEEL FRAME
Total area
10,000 SF
Lot
0.83 ac (36,021 SF)
Zoning code
PIP2 AO
APN
6436104002
UPID
US13-0698795
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
-
SOCO Surfaces Hardware & Home Improvement Furniture & Home Goods
-
Granite Accents Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$960k
Owner & transaction history
Tradewinds Investments LLC · 11 yrs held
Tradewinds Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
PIP2 AO · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,320,000
Current use
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10%
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
$96 / 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
$12,479
Tax year 2023
Assessed value
$243,070
Assessed 2023
Previous assessed
$243,070
+0.0% YoY
Effective rate
5.13%
On assessed value
Assessed land
$55,270
Assessed improvement
$187,800
Land market value
$198,116
Improvement market value
$673,106
Total market value
$871,222
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
10,000 SF
Lot
0.83 ac (36,021 SF)
Zoning code
PIP2 AO
APN
6436104002
UPID
US13-0698795
Jurisdiction
EL PASO
Zoning & alternative use
PIP2 AO · Colorado Springs, CO
Zoning PIP2 AO · permitted uses
PIP2 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
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
1992
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Tradewinds Investments LLC
Entity
Mailing address
1405 GUMWOOD DR, COLORADO SPRINGS, CO 80906-7709
Ownership since
2014
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
Nov 3, 2014
$550,000
Tradewinds Investments LLC
Calx INC
Special Warranty Deed
$440,000 · Great Western Bank
Oct 31, 2014
$850,000
Calx INC
650 Frontier-diversified LLC
Grant Deed
—
Mar 27, 2014
—
650 Frontier-diversified LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Aug 29, 2013
$169,234
Francisco J Dominguez
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$3,018
May 6, 2005
—
Dominguez Family Lllp
—
Trustees Deed
related
$250,000 · Fn LLC
—
—
Dominguez Family Lllp
—
Deed Of Trust
related
$800,000 · Bank Of The West
—
—
Francisco J Dominguez
—
Deed Of Trust
related
$3,018 · Pikes Peak Regional Dev Corp
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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