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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Strip malls
5928 Stetson Hls Blvd Colorado Springs, CO 80923-3511
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-2643854
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
WOOD FRAME
Total area
7,156 SF
Lot
0.92 ac (40,183 SF)
Zoning code
PBC AO
APN
5318319012
UPID
US13-2643854
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
$2.27M
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$1.99M
Owner & transaction history
Astral Properties LLC · 6 yrs held
Astral Properties LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
PBC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+64.2%
Apartment house (5+ units)
$2.9M
+53.1%
Commercial (general)
$2.8M
+44.3%
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
$2,270,000
ML approach
$2,270,000
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,520,000
7%
$1,415,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,905,000
Current use
RESTAURANT
$3,130,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,920,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,755,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,760,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,720,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$1,530,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10% · vs last sale $1.91M (Jan 14 2020)
Last sale anchor
$1.91M
Jan 14 2020
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
$277 / 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
$35,096
Tax year 2023
Assessed value
$590,420
Assessed 2023
Previous assessed
$590,420
+0.0% YoY
Effective rate
5.94%
On assessed value
Assessed land
$239,920
Assessed improvement
$350,500
Land market value
$859,916
Improvement market value
$1,256,256
Total market value
$2,116,172
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
7,156 SF
Lot
0.92 ac (40,183 SF)
Zoning code
PBC AO
APN
5318319012
UPID
US13-2643854
Jurisdiction
EL PASO
Zoning & alternative use
PBC AO · Colorado Springs, CO
Zoning 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
Colorado Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Astral Properties LLC
Entity
Mailing address
5928 STETSON HLS BLVD STE #110, COLORADO SPRINGS, CO 80923-3564
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2020
—
Astral Properties LLC
—
Deed
related
$1,085,604 · Academy Bk
Mar 2, 2020
—
Astral Properties LLC
—
Deed
related
$1,085,604 · Academy Bk
Jan 14, 2020
$1,912,000
Astral Properties LLC
Bolander Property Holdings LLC
Special Warranty Deed
$1,958,588 · Academy Bank NA
Sep 29, 2008
—
Bolander Property Holdings LLC
Bolander,bruce & Winonah
Quit Claim Deed
related
$1,147,500 · Peoples National Bank
Jun 27, 2008
—
Bruce Bolander
—
Trustees Deed
related
$230,000 · Peoples National Bank
Dec 20, 2007
$572,607
Bruce Bolander
Ridgeview Dev LLC
Warranty Deed
$458,000 · Bank Of Las Vegas
Mar 23, 2007
—
Ridgeview Dev LLC
—
Trustees Deed
related
$2,850,500 · Hillcrest Bank
Aug 6, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Ridgeview Dev LLC
—
Deed Of Trust
related
$451,276 · Ventimiglia Co
—
—
Astral Properties LLC
—
Deed Of Trust
related
$1,085,604 · Economic & Cmnty Dev Inst
—
—
Astral Properties LLC
—
Deed Of Trust
related
$1,085,604 · Academy Bk
—
—
Bolander Property Holdings LLC
—
Loan Modification
related
—
—
—
Astral Properties LLC
—
Loan Modification
related
$1,085,604 · Academy 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.
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