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    6595 Athletic Ave Colorado Springs, CO 80911
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    Property profile & analytics

    6595 Athletic Ave, Colorado Springs, CO 80911

    View on Map
    • Distribution centers
    • 9,378 SF
    • 15.13 lot acres
    Off-Market
    Property ID
    US13-1072259
    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.
    Value Estimations
    $1,145,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 6595 Athletic Ave

    Year built
    1968
    Construction
    STEEL FRAME
    Lot size
    15.13 lot acres
    Property type
    Distribution centers
    APN
    5519424016
    APU
    5519424016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 31, 2014 — Markets At Mesa Ridge LLC — Trustees Deed · related $700k · Vectra Bk/co
    Aug 25, 2010 — Markets At Mesa Ridge LLC — Trustees Deed · related $1.8M · Vectra Bank Colorado NA
    Jun 6, 2005 — Record Owner Owner,record Quit Claim Deed · related —
    — — Mmr Retail D LLC — Loan Modification · related $6.1M · Vectra Bk/co
    — — Mmr Retail D LLC — Loan Modification · related $6.1M · Vectra Bank Colorado NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,310,000
      7%
      $1,215,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,157,000
      Market price range: $345k - $1.74M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,545,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.703
    Latitude
    38.7234
    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
    $0.00
    $198,590
    $145,070
    $343,660
    -
    $711,787
    $519,947
    $1,231,734

    Comparable in this City

    • Value Estimation by Request
      0.90 Acres

      - SWC Mesa Rdg Pkwy And Syracuse St

      Distribution properties
      - SWC Mesa Rdg Pkwy And Syracuse St, Colorado Springs, CO 80911
      View Details
    • Value Estimation
      $690,000
      7,500 SF

      4250 Hancock Expy

      DISTRIBUTION WAREHOUSE
      4250 Hancock Expy, Colorado Springs, CO 80911-6201
      View Details
    • Value Estimation by Request
      3,000 SF

      1895 Main St

      DISTRIBUTION WAREHOUSE
      1895 Main St, Colorado Springs, CO 80911-1156
      View Details
    • Value Estimation by Request
      94,600 SF

      - SWC Mesa Rdg Pkwy And Syracuse St

      Individual retail properties
      - SWC Mesa Rdg Pkwy And Syracuse St, Colorado Springs, CO 80911
      View Details
    • Value Estimation
      $1,260,000
      10,048 SF

      4010 Clear Vw Frontage Rd

      DISTRIBUTION WAREHOUSE
      4010 Clear Vw Frontage Rd, Colorado Springs, CO 80911-1289
      View Details
    • Value Estimation by Request
      3,444 SF

      355 Main St

      DISTRIBUTION WAREHOUSE
      355 Main St, Colorado Springs, CO 80911-1745
      View Details

    Similar Nearby for Sale

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      Prime Commercial Land Opportunity

      2.6-acre commercial land with utilities in high-traffic area.
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      New pads and land with high traffic and visibility.
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      Retail Space or Pad Sites

      Retail space for lease or pad sites for sale.
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      5,200 SF

      Land with Car Wash Plans

      Land with approved plans for a car wash facility.
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    Similar Nearby for Lease

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      9,300 SF

      Industrial Distribution Warehouse For Rent

      9,300 SF industrial warehouse with excellent amenities and prime location.
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    • Contact for pricing
      131,128 SF

      Colorado Springs Warehouse Space

      Available warehouse space in Colorado Springs.
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      2,625 SF

      Retail Space in Colorado Springs

      Retail space available in established Colorado Springs shopping center.
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    • Contact for pricing

      Retail Space For Lease

      Retail spaces available in new Powers Blvd development.
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      View Details
    • $9 SF/Yr
      42,657 SF

      The Mart Shopping Center: Prime Space Available

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    • Contact for pricing
      768 SF

      Retail Space on Camden Boulevard

      Retail space with excellent visibility and access on Camden Blvd.
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      View Details
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    6595 Athletic Ave
    Colorado Springs, CO 80911
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    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
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