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Property profile & analytics
OFF-MARKET
Estimated value
$3,835,000
Strip malls
6165 Barnes Rd Colorado Springs, CO 80922-2609
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2651436
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2014
Total area
11,790 SF
Lot
1.17 ac (50,965 SF)
Zoning code
PBC AO
APN
5330201008
UPID
US13-2651436
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
-
Cutting Up Colorado Barber Shop
-
A Little Luxury Hair Salon Nail Salon
-
Elle & Co. Hair Salon
-
Facial Artistry By Danae Spa & Massage Center
-
HAIR BY MIRAGE Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.86M
CAP Approach
CAP
$2.51M
Comparable Approach
Comparable
$4.55M
Blend (final)
Blend
$3.84M
Owner & transaction history
Front Street El Cajon Properties Ll · 4 yrs held
Front Street El Cajon Properties Ll
since 2022
Last sale
$3.9M
1 recorded transaction
Zoning & alternative use
PBC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+64.2%
Apartment house (5+ units)
$4.8M
+53.1%
Commercial (general)
$4.5M
+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
$3,630,000
ML approach
$3,860,000
CAP Approach
CAP Return
Estimation
6%
$2,715,000
6.5%
$2,505,000
7%
$2,330,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,140,000
Current use
RESTAURANT
$5,160,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,810,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,535,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,900,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$2,835,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$2,520,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$3.84M
Range $3.45M – $4.22M · ±10% · vs last sale $3.93M (Feb 16 2022)
Last sale anchor
$3.93M
Feb 16 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
$325 / 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
$48,960
Tax year 2023
Assessed value
$771,520
Assessed 2023
Previous assessed
$771,520
+0.0% YoY
Effective rate
6.35%
On assessed value
Assessed land
$135,370
Assessed improvement
$636,150
Land market value
$485,187
Improvement market value
$2,280,118
Total market value
$2,765,305
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
2014
Cooling
AC.PACKAGE
Stories
1
Total area
11,790 SF
Lot
1.17 ac (50,965 SF)
Zoning code
PBC AO
APN
5330201008
UPID
US13-2651436
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
$3.1M
RESTAURANT
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.5M
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
2014
Cooling
Yes
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Front Street El Cajon Properties Ll
Entity
Mailing address
5934 MADRA AVE, SAN DIEGO, CA 92120-3942
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
Feb 16, 2022
$3,925,000
Front Street El Cajon Properties Ll
The Shoppes At The Ball Park Ltd
Special Warranty Deed
$1,200,000 · Us Metro Bank
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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