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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Grocery and convenience stores
5885 Constitution Ave Colorado Springs, CO 80915-1216
Entity Owned
19-yr Hold
Free & Clear
Property ID
US13-1350838
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Construction
WOOD FRAME
Total area
3,655 SF
Lot
1.64 ac (71,438 SF)
Zoning code
PBC AO
APN
5331301003
UPID
US13-1350838
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
-
Cardtronics ATM Atm
-
Circle K | Car Wash Car Wash
-
Circle K | Gas Station Gas Station
-
Circle K Grocery & Convenience Store
-
Bitcoin Depot | Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$690k
Owner & transaction history
Circle K Stores INC · 19 yrs held
Circle K Stores INC
since 2006
2 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Current use
AUTO REPAIR, GARAGE
$900,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$880,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$189 / 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
$23,190
Tax year 2023
Assessed value
$392,980
Assessed 2023
Previous assessed
$392,980
+0.0% YoY
Effective rate
5.90%
On assessed value
Assessed land
$381,680
Assessed improvement
$11,300
Land market value
$1,368,038
Improvement market value
$40,484
Total market value
$1,408,522
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
3,655 SF
Lot
1.64 ac (71,438 SF)
Zoning code
PBC AO
APN
5331301003
UPID
US13-1350838
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$900,000
MEDICAL BUILDING
Est. value
$880,000
OFFICE BUILDING
Est. value
$780,000
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
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Circle K Stores INC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 52085, PHOENIX, AZ 85072-2085
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2006
$985,000
Circle K Stores INC
Equilon Ents LLC
Grant Deed
—
Jun 24, 1998
—
Equilon Enterprises LLC
Texaco Refining & Marketing
Grant Deed
related
—
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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