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Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Strip malls
6502 Academy Blvd Colorado Springs, CO 80906-8614
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US13-0980695
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,612 SF
Lot
2.89 ac (125,888 SF)
Zoning code
PBC HS
APN
6506410079
UPID
US13-0980695
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
-
El Super Taco Mariscos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.36M
Owner & transaction history
Addison Cheyenne LLC · 18 yrs held
Addison Cheyenne LLC
since 2007
7 recorded transactions
Zoning & alternative use
PBC HS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,280,000
6.5%
$3,950,000
7%
$3,670,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,495,000
Current use
AUTO REPAIR, GARAGE
$5,075,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$4,960,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$4,400,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$3.36M
Range $3.02M – $3.69M · ±10%
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
$163 / 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
$2,116,830
Assessed 2023
Previous assessed
$2,116,830
+0.0% YoY
Assessed land
$275,710
Assessed improvement
$1,841,120
Land market value
$988,221
Improvement market value
$6,598,979
Total market value
$7,587,200
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
20,612 SF
Lot
2.89 ac (125,888 SF)
Zoning code
PBC HS
APN
6506410079
UPID
US13-0980695
Jurisdiction
EL PASO
Zoning & alternative use
PBC HS · Colorado Springs, CO
Zoning PBC HS · permitted uses
PBC HS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.89 ac
Current owner
From public records · entity-resolved
Addison Cheyenne LLC
Entity
Mailing address
16130 VENTURA BLVD STE #250, ENCINO, CA 91436-2529
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2017
—
Addison Cheyenne LLC
—
Deed
related
$7,350,000 · Goldman-sachs Mtg
Aug 22, 2007
$11,000,000
Addison Cheyenne LLC
Cheyenne Montana Prop Owners L
Grant Deed
related
$7,600,000 · Countrywide Com'l R E Fin
Jan 8, 2007
—
Montana Prop Owners L Cheyenne
Vanzee,valentine
Grant Deed
related
—
Dec 28, 2006
$442,571
Valentine Vanzee
Diamante Investments LLC
Grant Deed
—
Dec 28, 2006
$274,067
Valentine Vanzee
Defeyter,james R
Grant Deed
—
Dec 28, 2006
—
Diamante Investments LLC
Cheyenne Montana Prop Owners L
Grant Deed
related
—
Feb 2, 2006
$320,261
Boone & Wolfe LLC
Benson,warren
Grant Deed
—
Feb 2, 2006
—
Warren Benson
Cheyenne Montana Prop Owners L
Grant Deed
related
—
Nov 20, 2002
$8,050,000
Diamante Investments LLC
Cheyenne Montana LLP
Grant Deed
—
Sep 22, 2000
—
Cheyenne Montana LLP
—
Grant Deed
related
$250,000 · Pueblo Bank & Trust Co
—
—
Addison Cheyenne LLC
—
Deed Of Trust
related
$7,350,000 · Goldman-sachs Mtg
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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