Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Retail space
5901 Nevada Ave Colorado Springs, CO 80918-3549
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US13-2786867
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
WOOD FRAME
Total area
6,611 SF
Lot
1.81 ac (78,844 SF)
Zoning code
C6 UV
APN
6318401018
UPID
US13-2786867
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
-
Luisa Graff Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$868k
Blend (final)
Blend
$1.14M
Owner & transaction history
Fina Properties LLC · 15 yrs held
Fina Properties LLC
since 2010
7 recorded transactions
Zoning & alternative use
C6 UV · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+26.8%
Auto repair, garage
$1.6M
+17.1%
Medical building
$1.6M
+14.5%
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%
$1,290,000
7%
$1,195,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,390,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,760,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,625,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$1,590,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$1,250,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$172 / 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
$25,407
Tax year 2023
Assessed value
$472,090
Assessed 2023
Previous assessed
$472,090
+0.0% YoY
Effective rate
5.38%
On assessed value
Assessed land
$159,480
Assessed improvement
$312,610
Land market value
$571,612
Improvement market value
$1,120,463
Total market value
$1,692,075
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
1981
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
6,611 SF
Lot
1.81 ac (78,844 SF)
Zoning code
C6 UV
APN
6318401018
UPID
US13-2786867
Jurisdiction
EL PASO
Zoning & alternative use
C6 UV · Colorado Springs, CO
Zoning C6 UV · permitted uses
C6 UV · 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
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES Current
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
1981
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.81 ac
Current owner
From public records · entity-resolved
Fina Properties LLC
Entity
Mailing address
5901 N NEVADA AVE, COLORADO SPRINGS, CO 80918-3549
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Feb 13, 2018
—
Fina Properties LLC
—
Deed
related
—
Oct 3, 2011
—
Fina Properties LLC
—
Trustees Deed
related
$1,011,929 · Great Western Bank
Aug 6, 2010
$850,000
Fina Properties LLC
Vectra Bk Of Co NA
Grant Deed
$2,038,375 · Great Western Bank
Jan 20, 2010
—
Vectra Bk Of Co NA
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Dec 17, 2009
$707,563
Ronald E Burnett
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$582,000
May 19, 2006
$1,130,000
Ronald E Burnett
Dl Meyer Family
Warranty Deed
$1,044,900 · American Bank Of Commerce
Jul 8, 2002
$700,000
Dl Meyer Family LP
Williams,vivian A
Grant Deed
$580,000 · Vivian A Williams
—
—
Fina Properties LLC
—
Deed Of Trust
related
$491,433 · Ent Corp Banking
—
—
Fina Properties LLC
—
Deed Of Trust
related
$1,264,911 · Great Western Bank
—
—
Ronald E Burnett
—
Deed Of Trust
related
$479,000 · Community Economic Dev Co Co
—
—
Fina Properties LLC
—
Deed Of Trust
related
—
—
—
Fina Properties LLC
—
Deed Of Trust
related
$1,037,000 · Community Economic Dev Co Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5901 Nevada Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
