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Property profile & analytics
FOR LEASE
Strip malls
600 S 21St St Colorado Springs, CO 80904
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0580958
For Lease
$23.76 SF/Yr
600 S 21St St, Colorado Springs, CO 80904
View Listing →
Property summary
AI-generated overview
This exceptional 3,926 square foot office/retail space is ideally situated in Colorado Springs at 600 S 21st St, conveniently located near Highway 24 and Cimmaron. The property boasts a highly visible location within the bustling Roundhouse Center (Van Briggle building), ensuring significant foot traffic and brand exposure. The single-tenant space offers ample on-site parking for employees and clients, enhancing convenience and accessibility. The building itself totals 21,459 square feet, situated on a 3.03-acre lot. This property presents a unique opportunity for businesses seeking a prominent presence in a thriving Colorado Springs commercial area. Monument signage opportunities are available, further maximizing brand visibility. The property's strategic location and ample parking make it an attractive option for a variety of businesses. This space is perfect for businesses seeking high visibility and easy access for customers and employees alike. The property is classified as retail with an office subtype.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1887
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,094 SF
Lot
3.03 ac (131,987 SF)
Zoning code
C6
APN
7411328039
UPID
US13-0580958
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
-
Michael Plachta Pediatrician Physician
-
Cindy Endicott Physician
-
Jason Bierschbach Physician
-
Jasmine Garth Physician
-
Ricardo Delgado Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.68M
Comparable Approach
Comparable
$7.90M
Blend (final)
Blend
$7.39M
Owner & transaction history
Cwc Income Properties 6 LLC · 6 yrs held
Cwc Income Properties 6 LLC
since 2019
5 recorded transactions
Zoning & alternative use
C6 · 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%
$8,315,000
6.5%
$7,675,000
7%
$7,130,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,620,000
Current use
AUTO REPAIR, GARAGE
$8,885,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$8,680,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$7,710,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$7.39M
Range $6.65M – $8.13M · ±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
$205 / 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
Assessed value
$1,699,600
Assessed 2023
Previous assessed
$1,699,600
+0.0% YoY
Assessed land
$241,200
Assessed improvement
$1,458,400
Land market value
$864,508
Improvement market value
$5,227,232
Total market value
$6,091,740
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
For Lease
Year built
1887
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
36,094 SF
Lot
3.03 ac (131,987 SF)
Zoning code
C6
APN
7411328039
UPID
US13-0580958
Jurisdiction
EL PASO
Zoning & alternative use
C6 · Colorado Springs, CO
Zoning C6 · permitted uses
C6 · 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
$9.6M
AUTO REPAIR, GARAGE
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.7M
OFFICE BUILDING
Est. value
$7.7M
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
1887
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Lot
3.03 ac
Current owner
From public records · entity-resolved
Cwc Income Properties 6 LLC
Entity
Mailing address
11236 EL CAMINO REAL STE #200, SAN DIEGO, CA 92130-2617
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2019
$10,100,000
Cwc Income Properties 6 LLC
600 S 21st LLC
Grant Deed
$200,000 · Academy Bk
Mar 26, 2019
$1,760,000
600 S 21st LLC
Van Briggle Art Pottery Co
Grant Deed
—
—
—
Vanbriggle Art Pottery Co
—
Deed Of Trust
related
$600,000 · Gb Value Partners II LLC
—
—
600 S 21st LLC
—
Deed Of Trust
related
$5,000,000 · Us Bk
—
—
600 S 21st LLC
—
Deed Of Trust
related
$2,000,000 · Us Bank NA
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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