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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Distribution centers
603 29th St Colorado Springs, CO 80904-3116
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2554451
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1972
Construction
STEEL FRAME
Total area
11,120 SF
Lot
0.39 ac (17,000 SF)
Zoning code
M
APN
7410105004
UPID
US13-2554451
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
-
Bryant Denture Release Department Store
-
Pro Machine & Engineering Industrial Manufacturer
-
Sensi Tools Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.90M
Owner & transaction history
The Agile Reserve LLC · 2 yrs held
The Agile Reserve LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
M · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.0M
+35.6%
Auto repair, garage
$2.7M
+25.2%
Medical building
$2.7M
+22.3%
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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$2,040,000
6.5%
$1,885,000
7%
$1,750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,185,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,965,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,735,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$2,675,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$2,375,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Jun 26 2024)
Last sale anchor
$1.90M
Jun 26 2024
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
$171 / 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
$244,510
Assessed 2023
Previous assessed
$244,510
+0.0% YoY
Assessed land
$17,310
Assessed improvement
$227,200
Land market value
$62,050
Improvement market value
$814,332
Total market value
$876,382
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
11,120 SF
Lot
0.39 ac (17,000 SF)
Zoning code
M
APN
7410105004
UPID
US13-2554451
Jurisdiction
EL PASO
Zoning & alternative use
M · Colorado Springs, CO
Zoning M · permitted uses
M · 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
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE 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
1972
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
The Agile Reserve LLC
Entity
Mailing address
603 S 29TH ST, COLORADO SPRINGS, CO 80904-3116
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
$1,900,000
The Agile Reserve LLC
Frank Palazzolo LLC
Warranty Deed
$2,655,000 · Velocitysba LLC
Feb 26, 2008
$700,000
Frank Palazzolo LLC
Rj Ventures INC
Warranty Deed
$359,000 · Vectra Bank Colorado NA
Jun 6, 2007
$515,000
Rj Ventures INC
Bergman,john W JR & Rhetta L
Warranty Deed
$350,000 · Academy Bank
Dec 26, 2000
$375,000
John W Bergman
Shorter,kenneth M
Grant Deed
$375,000 · Individual
—
—
Frank Palazzolo LLC
—
Deed Of Trust
related
$331,796 · Canon National Bank
—
—
John W Bergman
—
Deed Of Trust
related
$400,000 · Key Bank NA
—
—
Frank Palazzolo LLC
—
Deed Of Trust
related
$288,000 · Pikes Peak Regional Dev Corp
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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