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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Warehouses
6989 Bandley Dr Fountain, CO 80817
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US13-1376057
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2013
Construction
WOOD FRAME
Total area
9,206 SF
Lot
1.52 ac (66,211 SF)
Zoning code
PI
APN
6524203046
UPID
US13-1376057
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
$1.36M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.42M
Owner & transaction history
Fhss LLC · 11 yrs held
Fhss LLC
since 2014
7 recorded transactions
Zoning & alternative use
PI · Fountain, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+34.4%
Retail stores
$2.2M
+30.1%
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 Fountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fountain 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%
$1,470,000
6.5%
$1,355,000
7%
$1,260,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,665,000
Current use
MEDICAL BUILDING
$2,240,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$2,165,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±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
$154 / 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
Tax billed
$27,031
Tax year 2023
Assessed value
$393,000
Assessed 2023
Previous assessed
$393,000
+0.0% YoY
Effective rate
6.88%
On assessed value
Assessed land
$66,500
Assessed improvement
$326,500
Land market value
$238,360
Improvement market value
$1,170,251
Total market value
$1,408,611
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Construction
WOOD FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
9,206 SF
Lot
1.52 ac (66,211 SF)
Zoning code
PI
APN
6524203046
UPID
US13-1376057
Jurisdiction
EL PASO
Zoning & alternative use
PI · Fountain, CO
Zoning PI · permitted uses
PI · Fountain, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
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
2013
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
1.52 ac
Current owner
From public records · entity-resolved
Fhss LLC
Entity
Mailing address
337 E PIKE PEAK AVE STE #200, COLORADO SPRINGS, CO 80903-1939
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
—
Phss LLC
—
Deed
related
$3,500,000 · Genworth Life Insurance Company
Oct 29, 2014
—
Fhss LLC
Fountainhead-craddock LLC
Grant Deed
related
$3,000,000 · Keybank USA
Sep 8, 2014
—
Fountainhead-craddock LLC
—
Grant Deed
related
$2,922,000 · Five Star Bk
Dec 16, 2013
$200,000
Fountainhead-mcgovern LLC
Fountainhead-craddock LLC
Warranty Deed
—
Nov 14, 2013
—
Fountainhead-craddock LLC
2835 Janitell LLC
Quit Claim Deed
related
—
Nov 12, 2013
—
2835 Janitell LLC
Southpark Technological Center
Quit Claim Deed
related
—
Jul 24, 2013
—
Southpark Technological Center
—
Trustees Deed
related
$937,500 · Five Star 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.
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