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Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Outlet malls
5755 Constitution Ave Colorado Springs, CO 80915-1220
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-2454015
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,750 SF
Lot
1.91 ac (83,200 SF)
Zoning code
PBC CU AO
APN
6336415058
UPID
US13-2454015
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
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
LibertyX Bitcoin ATM Atm
-
FedEx OnSite Postal Service Courier Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.82M
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$3.71M
Owner & transaction history
12551 Ventura Blvd LLC · 3 yrs held
12551 Ventura Blvd LLC
since 2023
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
PBC CU AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.0M
+108.3%
Apartment house (5+ units)
$5.6M
+94.2%
Commercial (general)
$5.3M
+83.1%
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
$3,605,000
ML approach
$3,820,000
CAP Approach
CAP Return
Estimation
6%
$2,760,000
6.5%
$2,545,000
7%
$2,365,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,890,000
Current use
RESTAURANT
$6,015,000
Change: +108% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,610,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,290,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,665,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,385,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$3,305,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$2,935,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±10% · vs last sale $3.70M (Mar 22 2023)
Last sale anchor
$3.70M
Mar 22 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
$269 / 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
$26,586
Tax year 2023
Assessed value
$493,620
Assessed 2023
Previous assessed
$493,620
+0.0% YoY
Effective rate
5.39%
On assessed value
Assessed land
$406,220
Assessed improvement
$87,400
Land market value
$1,455,983
Improvement market value
$313,264
Total market value
$1,769,247
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
13,750 SF
Lot
1.91 ac (83,200 SF)
Zoning code
PBC CU AO
APN
6336415058
UPID
US13-2454015
Jurisdiction
EL PASO
Zoning & alternative use
PBC CU AO · Colorado Springs, CO
Zoning PBC CU AO · permitted uses
PBC 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
RETAIL STORES Current
Est. value
$2.9M
RESTAURANT
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
12551 Ventura Blvd LLC
Entity
Free & Clear · 3 yrs held
Mailing address
17 BELAIRE, LAGUNA NIGUEL, CA 92677-2930
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2023
—
12251 Ventura Blvd LLC
—
Deed
related
$1,853,800 · American First Cu
Mar 22, 2023
$3,700,000
12551 Ventura Blvd LLC
Ironside Development LLC
Special Warranty Deed
—
Mar 22, 2023
$2,810,000
Ironside Development LLC
Lucy Chu Fong
Special Warranty Deed
—
Oct 30, 2018
—
Fong Family Trust
—
Deed
related
$1,935,000 · First Symetra Nat'l Life Ins C
Nov 19, 2008
$3,679,500
Fong Family Trust
Three Ochs Ptshp
Grant Deed
$2,200,000 · Symetra Life Insurance Co
Jul 11, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Fong Family Trust
—
Deed Of Trust
related
$1,935,000 · First Symetra Nat'l Life Ins C
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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