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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Individual retail properties
6217 Lehman Dr Colorado Springs, CO 80918-1433
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1011144
Property summary
AI-generated overview
This exceptional retail opportunity is located at 6217 Lehman Drive in Colorado Springs, Colorado. The property, built in 1984, is a Class D building totaling 4,720 square feet, with a current vacancy of 3,931 square feet. Two spaces are immediately available, ranging in size from 1,653 to 2,278 square feet. The property is zoned C5 and features a versatile layout suitable for a variety of retail uses, including health clubs, as indicated by its subtype. Ample parking is provided with 26 spaces on-site. The location boasts high visibility due to its placement at a lighted intersection in a high-traffic area, ensuring excellent exposure for your business. The property's address is 6217 Lehman Drive, conveniently situated near Lehman and Academy Blvd in the Northeast submarket cluster of El Paso County. The property's APN is 6316211012. This prime location offers easy access to numerous amenities, making it an attractive option for businesses seeking a thriving commercial environment. The property is multi-tenant.
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1984
Construction
WOOD FRAME
Total area
4,720 SF
Lot
0.37 ac (16,266 SF)
Zoning code
C5
APN
6316211012
UPID
US13-1011144
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
-
U.S. Taekwondo Center Sports School
-
Chief Vapor (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Colorado Springs Car Repair Auto Repair Shop
-
http://www.goodgamesarcade.com/ Arcade & Gaming Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
Meta Empire LLC · 3 yrs held
Meta Empire LLC
since 2022
Last sale
$895,000
4 recorded transactions
Zoning & alternative use
C5 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$990,000
+613.3%
Warehouse, storage
$915,000
+557.7%
Office building
$675,000
+384.6%
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
$830,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$990,000
Change: +613% · Conversion: Difficult
WAREHOUSE, STORAGE
$915,000
Change: +558% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: +385% · Conversion: Difficult
MEDICAL BUILDING
$630,000
Change: +353% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $895k (Nov 1 2022)
Last sale anchor
$895k
Nov 1 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
$183 / 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
$7,442
Tax year 2023
Assessed value
$142,200
Assessed 2023
Previous assessed
$142,200
+0.0% YoY
Effective rate
5.23%
On assessed value
Assessed land
$29,040
Assessed improvement
$113,160
Land market value
$104,102
Improvement market value
$405,593
Total market value
$509,695
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,720 SF
Lot
0.37 ac (16,266 SF)
Zoning code
C5
APN
6316211012
UPID
US13-1011144
Jurisdiction
EL PASO
Zoning & alternative use
C5 · Colorado Springs, CO
Zoning C5 · permitted uses
C5 · 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
COMMERCIAL (GENERAL)
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$915,000
OFFICE BUILDING
Est. value
$675,000
MEDICAL BUILDING
Est. value
$630,000
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL 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
1984
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Meta Empire LLC
Entity
Mailing address
8778 MOSSY BANK LN, COLORADO SPRINGS, CO 80927-4104
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
$895,000
Meta Empire LLC
Soon H Lee
Special Warranty Deed
$637,727 · Pikes Peak National Bank
Aug 9, 2007
—
Sang C Lee
—
Trustees Deed
related
$2,332,186 · Peoples National Bank Monument
—
—
Soon H Lee
—
Deed Of Trust
related
$485,584 · Peoples National Bank
—
—
Soon H Lee
—
Deed Of Trust
related
—
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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