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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6302 Platte Ave Colorado Springs, CO 80915-3706

    • Commercial land
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2024
    $750,000
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0741742
    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

    • Commercial land

    Property Details for 6302 Platte Ave

    Lot size
    0.51 lot acres
    Zone code
    C-2 CAD-O
    Property type
    Commercial land
    APN
    5407311021
    APU
    5407311021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
      ML approach
      $750,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.712
    Latitude
    38.8396
    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
    $1,473
    $22,010
    $0.00
    $22,010
    -
    $78,881
    $0.00
    $78,881

    Comparable in this City

    • Value Estimation by Request
      1.30 Acres

      789 Spc Ctr Dr

      VACANT COMMERCIAL LAND • 1.30 Acres
      789 Spc Ctr Dr, Colorado Springs, CO 80915-3603
      View Details
    • Value Estimation by Request
      1.00 Acre

      595 Amelia St

      VACANT COMMERCIAL LAND • 1.00 Acre
      595 Amelia St, Colorado Springs, CO 80915-3771
      View Details
    • Value Estimation by Request
      0.58 Acres

      1229 Spc Ctr Dr

      VACANT COMMERCIAL LAND • 0.58 Acres
      1229 Spc Ctr Dr, Colorado Springs, CO 80915
      View Details
    • Value Estimation by Request
      0.02 Acres

      7157 Cole Vw

      VACANT COMMERCIAL LAND • 0.02 Acres
      7157 Cole Vw, Colorado Springs, CO 80915-9700
      View Details
    • Value Estimation by Request
      0.78 Acres

      Akers Dr

      VACANT COMMERCIAL LAND • 0.78 Acres
      Akers Dr, Colorado Springs, CO 80915
      View Details
    • Value Estimation by Request
      0.10 Acres

      Meadowbrook Pkwy

      VACANT COMMERCIAL LAND • 0.10 Acres
      Meadowbrook Pkwy, Colorado Springs, CO 80915
      View Details

    Similar Nearby for Sale

    • $1,254,000
      21,344 SF

      Commercial Land Available For Sale

      0.49 acre commercial land for sale in Colorado Springs.
      6857 Space Village Ave, Colorado Springs, CO 80915
      View Details
    • Contact for pricing

      Land Near Peterson Space Force

      Development opportunity near Peterson Space Force Base and Highway 24.
      6809 Space Village Ave, Colorado Springs, CO 80915
      View Details
    • Contact for pricing

      2.61 Acres Commercial Land

      2.61 acres of commercial land in Colorado Springs.
      5910 Omaha Blvd, Colorado Springs, CO 80915
      View Details
    • $2,850,000

      Highway Corner Land For Sale

      Corner land approved for townhomes and commercial uses.
      1249 Meadowbrook Pkwy, Colorado Springs, CO 80915
      View Details
    • $975,000

      Vacant Land For Commercial Development

      Prime vacant land ideal for commercial development in Colorado Springs.
      5840 Galley Rd, Colorado Springs, CO 80915
      View Details
    • Contact for pricing

      Land Available For Sale/Lease

      Land with high traffic visibility near military bases and airport.
      Meadowbrook Pkwy, Colorado Springs, CO 80915
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Secured Fenced Yard Space Available

      Up to two acres of fenced yard space for rent.
      6435 E Platte Ave, Colorado Springs, CO 80915
      View Details
    • Contact for pricing

      Land for Ground Lease

      Highly visible land for lease in dense trade area.
      5885 Palmer Park Blvd, Colorado Springs, CO 80915
      View Details
    • $1.00 SF/Yr

      Vacant Land For Lease

      Highly accessible vacant land available for lease in Colorado Springs.
      625 Paonia St, Colorado Springs, CO 80915
      View Details
    • $12 SF/Yr
      43,560 SF

      Prime Industrial Land, Paonia

      1 Acre Industrial Lot, Excellent Access
      625 Paonia St, Colorado Springs, CO 80915
      View Details
    • $12 SF/Yr
      3,240 SF

      Retail Space Available For Rent

      Retail space available, current layout is MMA studio.
      589-623 N Murray Blvd, Colorado Springs, CO 80915
      View Details
    • $9 SF/Yr
      3,306 SF

      Light Industrial Space For Rent

      Well-maintained light industrial space with overhead doors and new finishes.
      1539-1553 Paonia St, Colorado Springs, CO 80915
      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.
    6302 Platte Ave
    Colorado Springs, CO 80915-3706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.