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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Auto shops
5706 Carefree Cir, Colorado Springs, CO 80917-4500
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-1072358
Property summary
AI-generated overview
This exceptional 10,261 square foot executive office building, constructed in 2007, offers a prime opportunity for businesses seeking flexible and modern workspace. Located at 5706 South Carefree Circle in El Paso County, this property boasts ample parking with 46 surface spaces (a ratio of 3.51 spaces per 1,000 square feet). The building is currently zoned PBC/CU AO and features a total of 9,732 square feet of immediately available space. Multiple tenancy options are available, with spaces ranging from a minimum of 1,822 square feet to a maximum contiguous space of 4,600 square feet, providing flexibility for businesses of various sizes. The property's APN is 6336111071. This is an ideal location for businesses seeking high-quality office space in a convenient and well-maintained building. The building's modern design and ample parking make it an attractive option for employees and clients alike. The availability of multiple suite sizes allows for scalability and growth potential. This property presents a unique opportunity to secure prime office space in a desirable location. Immediate occupancy is possible for qualified tenants. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,261 SF
Lot
1.45 ac (63,162 SF)
Zoning code
PBC/CR CU AO
APN
6336111071
UPID
US13-1072358
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
-
MDC Campers Car Dealership
-
Herbst Sheryl Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$2.13M
Owner & transaction history
Ark21 LLC · 1 yrs held
Ark21 LLC
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
PBC/CR CU AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+8.3%
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
$2,140,000
ML approach
$2,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,525,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,735,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$2,470,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,190,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$2,155,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10% · vs last sale $2.15M (Jun 3 2025)
Last sale anchor
$2.15M
Jun 3 2025
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
$207 / 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
$506,430
Assessed 2023
Previous assessed
$506,430
+0.0% YoY
Assessed land
$228,210
Assessed improvement
$278,220
Land market value
$817,948
Improvement market value
$997,206
Total market value
$1,815,154
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
10,261 SF
Lot
1.45 ac (63,162 SF)
Zoning code
PBC/CR CU AO
APN
6336111071
UPID
US13-1072358
Jurisdiction
EL PASO
Zoning & alternative use
PBC/CR CU AO · Colorado Springs, CO
Zoning PBC/CR CU AO · permitted uses
PBC/CR CU 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
AUTO REPAIR, GARAGE Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.45 ac
Current owner
From public records · entity-resolved
Ark21 LLC
Entity
Mailing address
5570 DTC PKWY STE #150, GREENWOOD VILLAGE, CO 80111-3189
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
$2,150,000
Ark21 LLC
Island Cattle Company LLC
Special Warranty Deed
$700,000 · Independent Bank
Mar 24, 2017
—
Island Cattle Co LLC
—
Grant Deed
related
$8,000,000 · Wells Fargo Bk
May 12, 2015
$785,000
Island Cattle Co LLC
Jp Morgan Chase Bk NA
Grant Deed
—
Mar 21, 2014
—
Morgan Chase Bk NA Jp
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Mar 6, 2014
$750,921
Kaygra Properties LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
related
$1,268,955
—
—
Kaygra Properties LLC
—
Deed Of Trust
related
$980,000 · Front Range Regular Economic
—
—
Kaygra Properties LLC
—
Deed Of Trust
related
$1,015,164 · J P Morgan Chase Bank
—
—
Kaygra Properties LLC
—
Deed Of Trust
related
$1,268,955 · J P Morgan Chase Bank
—
—
Kaygra Properties LLC
—
Deed Of Trust
related
$1,268,955 · J P Morgan Chase Bank
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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