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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Strip malls
5746 Palmer Park Blvd Colorado Springs, CO 80915-1511
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-0094851
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,045 SF
Lot
0.7 ac (30,356 SF)
Zoning code
PBC/CR AO
APN
6401411004
UPID
US13-0094851
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
-
Western Union Bank Credit Union
-
Checkmate Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Km2 Alliance LLC · 8 yrs held
Km2 Alliance LLC
since 2018
7 recorded transactions
Zoning & alternative use
PBC/CR 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%
$1,395,000
6.5%
$1,285,000
7%
$1,195,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,610,000
Current use
AUTO REPAIR, GARAGE
$1,490,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,455,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$1,290,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$178 / 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
$496,640
Assessed 2023
Previous assessed
$496,640
+0.0% YoY
Assessed land
$162,190
Assessed improvement
$334,450
Land market value
$581,317
Improvement market value
$1,198,736
Total market value
$1,780,053
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
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
6,045 SF
Lot
0.7 ac (30,356 SF)
Zoning code
PBC/CR AO
APN
6401411004
UPID
US13-0094851
Jurisdiction
EL PASO
Zoning & alternative use
PBC/CR AO · Colorado Springs, CO
Zoning PBC/CR AO · permitted uses
PBC/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
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Km2 Alliance LLC
Entity
Mailing address
5390 N ACADEMY BLVD STE #250, COLORADO SPRINGS, CO 80918-4066
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2018
—
Km2 Alliance LLC
—
Deed
related
$700,000 · First National Bank
Apr 30, 2018
$2,125,000
Km2 Alliance LLC
Palmer Park Plaza LLC
Grant Deed
—
May 21, 2014
—
Palmer Park Plaza LLC
Susoeff,george & Debra
Grant Deed
—
Feb 22, 2006
$1,600,000
George Susoeff
John Meyer Ltd LLC
Grant Deed
$800,000 · American State Bank
May 19, 2004
—
John Meyer Ltd LLC
—
Deed Of Trust
related
$1,017,265 · Pikes Peak National Bank
Jul 14, 2003
$1,250,000
John Meyer Ltd LLC
T-bone Construction INC
Grant Deed
—
Aug 6, 2002
—
T Bone Construction INC
Thibault,michael R
Quit Claim Deed
related
$202,702 · Rocky Mountain Bank
Jan 8, 2002
—
Michael R Thibault
—
Trustees Deed
related
$565,000 · Intermountain Bank
Sep 21, 2001
$310,000
Michael R Thibault
Grease Monkey International
Grant Deed
$235,450 · Rocky Mountain Bank & Trust
—
—
George Susoeff
—
Deed Of Trust
related
$775,000 · First National Bank
—
—
T-bone Construction INC
—
Deed Of Trust
related
$825,000 · Intermountain Bank
—
—
George Susoeff
—
Deed Of Trust
related
$160,733 · American State 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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