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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Grocery and convenience stores
6859 Spc Vlg Ave Colorado Springs, CO 80915
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-0721581
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,621 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CC CAD-O
APN
5417001003
UPID
US13-0721581
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$770k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Rai Management INC · 10 yrs held
Rai Management INC
since 2016
7 recorded transactions
Zoning & alternative use
CC CAD-O · 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%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$965,000
Current use
AUTO REPAIR, GARAGE
$890,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$870,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$218 / 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
$112,390
Assessed 2023
Previous assessed
$112,390
+0.0% YoY
Assessed land
$41,390
Assessed improvement
$71,000
Land market value
$148,341
Improvement market value
$254,471
Total market value
$402,812
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
3,621 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CC CAD-O
APN
5417001003
UPID
US13-0721581
Jurisdiction
EL PASO
Zoning & alternative use
CC CAD-O · Colorado Springs, COZoning CC CAD-O · permitted uses
CC CAD-O · 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
$965,000
AUTO REPAIR, GARAGE
Est. value
$890,000
MEDICAL BUILDING
Est. value
$870,000
OFFICE BUILDING
Est. value
$775,000
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Rai Management INC
Entity
Mailing address
165 FLANDERS RD, WESTBOROUGH, MA 01581-1032
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2016
—
Equity Holdings LLC
—
Deed
related
—
May 11, 2016
$1,070,000
Rai Management INC
Equity Holdings LLC
Grant Deed
—
Apr 30, 2013
—
Equity Holdings LLC
Colorado Springs Equities LLC
Quit Claim Deed
related
$2,950,000 · First State Bank Of Colorado
Jan 15, 2009
—
Colorado Springs Equities LLC
—
Trustees Deed
related
$250,000 · Gordon F Ware
Nov 1, 1999
—
Colorado Springs Equities LLC
Mientka,danny M
Quit Claim Deed
related
$260,886 · First Country Bank
Jan 20, 1998
—
Equity Holding
Mientka,frederick D
Quit Claim Deed
related
—
—
—
Colorado Springs Equities LLC
—
Deed Of Trust
related
$292,039 · Gordon F Ware
—
—
Equity Holding
—
Deed Of Trust
related
$275,000 · First Coonty Bank
—
—
Colorado Springs Equities LLC
—
Deed Of Trust
related
$500,000 · Bank At Broadmoor
—
—
Equity Holdings LLC
—
Loan Modification
related
—
—
—
Colorado Springs Equities
—
Deed Of Trust
related
$335,000 · First Country Bank
—
—
Colorado Springs Equities LLC
—
Deed Of Trust
related
$50,000 · Gordon F & Frances C Ware
—
—
Colorado Springs Equities LLC
—
Deed Of Trust
related
$55,882 · Bank At Broadmoor
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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