Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Strip malls
6880 Centennial Blvd Colorado Springs, CO 80919-5114
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2847990
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
WOOD FRAME
Total area
7,920 SF
Lot
1 ac (43,560 SF)
Zoning code
PBC HS CU
APN
7311306039
UPID
US13-2847990
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
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.20M
Owner & transaction history
Whb Centennial LLC · 1 yrs held
Whb Centennial LLC
since 2024
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
PBC HS CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+64.2%
Apartment house (5+ units)
$3.2M
+53.1%
Commercial (general)
$3.0M
+44.3%
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
$2,200,000
ML approach
$2,200,000
CAP Approach
CAP Return
Estimation
6%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,110,000
Current use
RESTAURANT
$3,465,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,235,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,045,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,950,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,905,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.20M (Dec 3 2024)
Last sale anchor
$2.20M
Dec 3 2024
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
$278 / 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
$431,290
Assessed 2023
Previous assessed
$431,290
+0.0% YoY
Assessed land
$110,590
Assessed improvement
$320,700
Land market value
$396,396
Improvement market value
$1,149,457
Total market value
$1,545,853
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
2003
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
7,920 SF
Lot
1 ac (43,560 SF)
Zoning code
PBC HS CU
APN
7311306039
UPID
US13-2847990
Jurisdiction
EL PASO
Zoning & alternative use
PBC HS CU · Colorado Springs, COZoning PBC HS CU · permitted uses
PBC HS CU · 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
$2.1M
RESTAURANT
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2003
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Whb Centennial LLC
Entity
Mailing address
102 N CASCADE AVE STE #250, COLORADO SPRINGS, CO 80903-1409
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2025
—
Whb Centennial LLC
—
Deed
related
$400,000 · Rocky Mountain Bank And Trust
Dec 3, 2024
$2,200,000
Whb Centennial LLC
Nelson Avenue Properties LLC
Special Warranty Deed
$1,650,000 · Rocky Mountain Bank And Trust
Aug 10, 2004
$2,450,000
Nelson Avenue Properties LLC
Falcon Landing LLC
Grant Deed
—
Aug 10, 2004
—
Falcon Landing LLC
Centennial Shops LLC
Grant Deed
related
—
Feb 18, 2003
$260,000
Centennial Shops LLC
John Gogian Family Foundation
Grant Deed
$1,100,000 · Intermountain Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6880 Centennial Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
