Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    601 Nevada Ave Colorado Springs, CO 80903-1005

    • Banks
    • 7,469 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimation
    $1,890,000
    Last Sale
    Jul 21, 2023
    $1,935,000
    Location Intelligence
    Property ID
    US13-2619449
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Community Health Partnership / Non-Profit Organization
    • Downtown Treasures Marketplace / Antique Store
    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
    • Paragon Financial Investors / Loan Agency
    • Downtown Treasure Marketplace / Antique Store

    Property Details for 601 Nevada Ave

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.44 lot acres
    Property size
    7,469 SF
    Zone code
    C5
    Property type
    Banks
    APN
    6407416029
    APU
    6407416029

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,885,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,110,000
      6.5%
      $1,925,000
      7%
      $2,080,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,920,000
      Geo Method
      $2,205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,880,000
      Retail
      $1,730,000
      Mixed-Use
      $1,860,000
      Hospitality
      $1,645,000
      Educational
      $1,660,000
      Residential Income
      $1,835,000
      Energy
      $1,780,000
      Income-Based Land
      $1,605,000
      Food Service
      $1,710,000

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.821
    Latitude
    38.8426
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,401
    $62,340
    $303,990
    $366,330
    -
    $223,438
    $1,089,562
    $1,313,000

    Comparable in this City

    • Value Estimation
      $450,000
      444 SF

      17 Pike Peak Ave

      FINANCIAL BUILDING • 444 SF
      17 Pike Peak Ave, Colorado Springs, CO 80903
      View Details
    • Value Estimation
      $595,000
      9,240 SF

      421 Tejon St

      FINANCIAL BUILDING • 9,240 SF
      421 Tejon St, Colorado Springs, CO 80903-1134
      View Details
    • Value Estimation by Request
      21,301 SF

      402 Tejon St

      FINANCIAL BUILDING • 21,301 SF
      402 Tejon St, Colorado Springs, CO 80903-1142
      View Details
    • Value Estimation
      $300,000
      65,673 SF

      111 Cascade Ave

      FINANCIAL BUILDING • 65,673 SF
      111 Cascade Ave, Colorado Springs, CO 80903-2210
      View Details
    • Value Estimation
      $325,000
      3,774 SF

      415 Pike Peak Ave Ste, Unit 100

      FINANCIAL BUILDING • 3,774 SF
      415 Pike Peak Ave Ste, Colorado Springs, CO 80903-3405
      View Details
    • Value Estimation
      $1,135,000
      1,481 SF

      101 Nevada Ave

      FINANCIAL BUILDING • 1,481 SF
      101 Nevada Ave, Colorado Springs, CO 80903
      View Details

    Similar Nearby for Sale

    • $2,200,000
      7,500 SF

      Downtown Colorado Springs Retail Building

      Turn-of-the-century building in the heart of downtown.
      206 N Tejon St, Colorado Springs, CO 80903
      View Details
    • $2,200,000
      7,500 SF

      Downtown Colorado Springs Retail Gem

      Historic building, prime location, owner-user opportunity
      206 Tejon St, Colorado Springs, CO 80903
      View Details
    • $8,675,000
      45,828 SF

      Prime Colorado Springs Investment Opportunity

      Fully leased retail property with long-term tenant on major thoroughfare.
      3204-3208 E Platte Ave, Colorado Springs, CO 80903
      View Details
    • $1,300,000

      Downtown Colorado Springs Storefront

      Historic Charm, Modern Retail Space
      330 Institute St, Colorado Springs, CO 80903
      View Details
    • $1,850,000
      6,940 SF

      Downtown Colorado Springs Office/Retail

      Prime location, 6,940 sq ft, vacant, $1.85M
      123 Bijou St, Colorado Springs, CO 80903
      View Details
    • $599,000
      3,409 SF

      Colorado Springs Commercial Space For Sale

      3,409 SF commercial space on a 17,110 SF lot.
      707 E Moreno Ave, Colorado Springs, CO 80903
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      9,500 SF

      Downtown Colorado Springs Retail Space

      Prime Retail, Multiple Spaces Available
      718 Weber St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      3,988 SF

      Downtown Retail and Hotel Space

      Prime downtown location with modern guest rooms and conference space.
      123-125 N Cascade Ave, Colorado Springs, CO 80903
      View Details
    • $14 SF/Yr
      3,500 SF

      Versatile Space Near Popular Amenities

      Adaptable space suitable for office, retail, or live-work arrangements.
      530 S Nevada Ave, Colorado Springs, CO 80903
      View Details
    • $22 SF/Yr
      1,618 SF

      Downtown Retail Space For Lease

      Versatile 1,618 SF retail space in walkable downtown location.
      517-523 S Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      4,470 SF

      Downtown Colorado Springs Retail Space

      Retail space in desirable northside of downtown Colorado Springs.
      710 N Weber St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      6,172 SF

      Restaurant and Retail Space Available

      Restaurant and retail spaces with creekwalk access, available for lease.
      118 E Cheyenne Ave, Colorado Springs, CO 80903
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 Nevada Ave
    Colorado Springs, CO 80903-1005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.