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Property profile & analytics
OFF-MARKET
Estimated value
$2,665,000
Strip malls
6120 Barnes Rd Colorado Springs, CO 80922-2604
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0330619
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,586 SF
Lot
0.94 ac (41,120 SF)
Zoning code
PBC AO
APN
5330204005
UPID
US13-0330619
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
-
5G Nails & Spa Nail Salon
-
Peak Balance Chiropractic Alternative Medicine Practice
-
The Control Room Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
MK NAILS & SPA Nail Salon
-
Dr. Lance Bunting Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.62M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$2.67M
Owner & transaction history
Trinidad Plaza LLC · 4 yrs held
Trinidad Plaza LLC
since 2022
Last sale
$2.8M
1 recorded transaction
Zoning & alternative use
PBC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+64.2%
Apartment house (5+ units)
$3.5M
+53.1%
Commercial (general)
$3.3M
+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
$2,545,000
ML approach
$2,620,000
CAP Approach
CAP Return
Estimation
6%
$1,980,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,290,000
Current use
RESTAURANT
$3,755,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,505,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,305,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,115,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$2,065,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$1,835,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$2.67M
Range $2.40M – $2.93M · ±10% · vs last sale $2.75M (Apr 7 2022)
Last sale anchor
$2.75M
Apr 7 2022
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
$310 / 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
$44,710
Tax year 2023
Assessed value
$705,270
Assessed 2023
Previous assessed
$705,270
+0.0% YoY
Effective rate
6.34%
On assessed value
Assessed land
$145,700
Assessed improvement
$559,570
Land market value
$522,224
Improvement market value
$2,005,623
Total market value
$2,527,847
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
8,586 SF
Lot
0.94 ac (41,120 SF)
Zoning code
PBC AO
APN
5330204005
UPID
US13-0330619
Jurisdiction
EL PASO
Zoning & alternative use
PBC AO · Colorado Springs, COZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.3M
RESTAURANT
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.8M
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Trinidad Plaza LLC
Entity
Mailing address
3291 W 74TH AVE, WESTMINSTER, CO 80030-4936
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
$2,750,000
Trinidad Plaza LLC
Kibbeh LLC
Special Warranty Deed
$2,062,500 · Canvas Cu
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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