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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Commercial land
5802 Tutt Blvd Colorado Springs, CO 80923-3587
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0518704
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.91 ac (39,819 SF)
Zoning code
PBC AO
APN
5318319024
UPID
US13-0518704
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.24M
Owner & transaction history
Rfs Properties LLC · 4 yrs held
Rfs Properties LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
PBC 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
$2,130,000
ML approach
$2,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±10% · vs last sale $2.30M (Aug 2 2022)
Last sale anchor
$2.30M
Aug 2 2022
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
—
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
$6,715
Tax year 2023
Assessed value
$111,360
Assessed 2023
Previous assessed
$111,360
+0.0% YoY
Effective rate
6.03%
On assessed value
Assessed land
$111,360
Land market value
$399,150
Total market value
$399,150
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.91 ac (39,819 SF)
Zoning code
PBC AO
APN
5318319024
UPID
US13-0518704
Jurisdiction
EL PASO
Zoning & alternative use
PBC AO · Colorado Springs, COZoning PBC AO · permitted uses
PBC AO · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.91 ac
Current owner
From public records · entity-resolved
Rfs Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2316 W HILLSIDE DR, CENTRAL POINT, OR 97502-1367
Ownership since
2022
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
Aug 2, 2022
$2,300,000
Rfs Properties LLC
Kelker LLC
Special Warranty Deed
—
Jun 21, 2017
—
Kelker LLC
—
Grant Deed
related
$2,080,000 · Firstrust Bk
May 31, 2013
—
Kelker LLC
—
Grant Deed
related
$1,685,000 · Live Oak Banking Co
Sep 12, 2012
—
Kelker LLC
Wilwerding,lee
Quit Claim Deed
related
$1,400,000 · Live Oak Banking Co
Nov 17, 2011
$416,095
Lee Wilwerding
Hcb Colorado Properties LLC
Grant Deed
—
Jul 14, 2010
—
Hcb Colorado Properties LLC
Swat I LLC
Deed In Lieu Of Foreclosure
related
—
Dec 9, 2008
—
Swat I LLC
Ridgeview Dev LLC
Grant Deed
$2,850,000 · Hillcrest Bank
Mar 31, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Kelker LLC
—
Loan Modification
related
$1,345,000 · Live Oak Bkg
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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