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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Warehouses
601 Las Vegas St Colorado Springs, CO 80903-4345
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0041115
Property summary
AI-generated overview
This exceptional 6,349-square-foot retail space is ideally situated at 601 E Las Vegas St in Colorado Springs, Colorado, zip code 80903. Located in El Paso County, this single-tenant property sits on a generous 12,500-square-foot lot and is zoned M2 CU. The building boasts a functional layout, including a reception area and ample open warehouse space. Its excellent condition ensures a move-in ready experience for the new tenant. The property features substantial electrical capacity throughout. Its strategic location offers easy access to downtown Colorado Springs and is conveniently situated near Interstate 25, providing convenient north-south travel along the Front Range. This presents a unique opportunity for businesses seeking a well-maintained, readily available retail space in a high-traffic area. The property's size and features make it suitable for a variety of retail uses. Serious inquiries are encouraged to explore this prime retail opportunity further.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,349 SF
Lot
0.29 ac (12,500 SF)
Zoning code
M2 CU
APN
6419401002
UPID
US13-0041115
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
-
Good Weed Medical Marijuana Dispensary (Bike/Boat/Book/etc) Store
-
Rocky Road on Las Vegas (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$780k
Owner & transaction history
Mountain Money Investments LLC · 1 yrs held
Mountain Money Investments LLC
since 2024
7 recorded transactions
Zoning & alternative use
M2 CU · 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%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,045,000
Current use
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$123 / 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
$111,600
Assessed 2023
Previous assessed
$111,600
+0.0% YoY
Assessed land
$8,540
Assessed improvement
$103,060
Land market value
$30,625
Improvement market value
$369,375
Total market value
$400,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
6,349 SF
Lot
0.29 ac (12,500 SF)
Zoning code
M2 CU
APN
6419401002
UPID
US13-0041115
Jurisdiction
EL PASO
Zoning & alternative use
M2 CU · Colorado Springs, CO
Zoning M2 CU · permitted uses
M2 CU · 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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
WAREHOUSE, STORAGE Current
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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mountain Money Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6547 N ACADEMY BLVD, COLORADO SPRINGS, CO 80918-8342
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
—
Mountain Money Investments LLC
Daniel Mcdonald
Warranty Deed
—
Jul 31, 2024
$675,000
Daniel Mcdonald
Memo III LLC
Special Warranty Deed
$500,000 · Memo III LLC
Jun 27, 2022
$400,000
Memo III LLC
Its All Good Investments LLC
Special Warranty Deed
—
Oct 28, 2014
$199,000
Its All Good Investments LLC
Rockey Ivan A
Grant Deed
—
Jan 7, 2013
—
Ivan Rockey
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Dec 20, 2012
$182,821
Mhb Properties LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$179,541
May 26, 2009
$199,490
Mhb Properties LLC
Rockey Ivan A
Grant Deed
$179,541 · Ivan R Designee
May 21, 2009
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Nov 3, 2004
$190,000
Ivan Rockey
Chandler,lavern
Warranty Deed
—
Jul 9, 2004
$130,000
Lavern Chandler
Bishop,gary L
Grant Deed
$117,200 · Lk LLC
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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