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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Retail space
5770 Carefree Cir Colorado Springs, CO 80917-4576
Individually Owned
13-yr Hold
Free & Clear
Property ID
US13-1069509
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,884 SF
Lot
0.71 ac (31,089 SF)
Zoning code
PBC/CR AO
APN
6336111073
UPID
US13-1069509
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
-
Cavender's Western Outfitter Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.98M
Owner & transaction history
Cavender Real Estate Ltd · 13 yrs held
Cavender Real Estate Ltd
since 2012
6 recorded transactions
Zoning & alternative use
PBC/CR AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.5M
+1.6%
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%
$4,190,000
6.5%
$3,865,000
7%
$3,590,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,390,000
Current use
OFFICE BUILDING
$4,460,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±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
$143 / 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
$63,019
Tax year 2023
Assessed value
$1,158,590
Assessed 2023
Previous assessed
$1,158,590
+0.0% YoY
Effective rate
5.44%
On assessed value
Assessed land
$140,520
Assessed improvement
$1,018,070
Land market value
$503,642
Improvement market value
$3,649,000
Total market value
$4,152,642
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
20,884 SF
Lot
0.71 ac (31,089 SF)
Zoning code
PBC/CR AO
APN
6336111073
UPID
US13-1069509
Jurisdiction
EL PASO
Zoning & alternative use
PBC/CR AO · Colorado Springs, COZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.5M
RETAIL STORES Current
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Cavender Real Estate Ltd
Individual
Free & Clear · 13 yrs held
Mailing address
7820 S BROADWAY AVE, TYLER, TX 75703-5241
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2020
—
Island Cattle Co LLC
—
Deed
related
$800,000 · Wells Fargo Bk
Dec 3, 2012
$1,210,000
Cavender Real Estate Ltd
Colorado Cntry Developers-nort
Grant Deed
—
Dec 17, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jul 6, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Feb 17, 2005
$2,250,000
Cntry Developers-nort Colorado
Col-terra Investments Xiv
Grant Deed
$2,250,000 · Col-terra Investments Xiv
—
—
Island Cattle Co LLC
—
Loan Modification
related
$800,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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