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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Retail space
718 Manitou Ave Manitou Springs, CO 80829-1810
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0577728
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1908
Construction
WOOD FRAME
Total area
2,784 SF
Lot
0.06 ac (2,725 SF)
APN
7405347023
UPID
US13-0577728
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
$815k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$830k
Owner & transaction history
St Properties LLC · 4 yrs held
St Properties LLC
since 2022
Last sale
$845,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$945,000
+43.9%
Neighborhood: shopping center
$770,000
+17.5%
Auto repair, garage
$755,000
+15.1%
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 Manitou Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitou 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
$815,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
RETAIL STORES
$655,000
Current use
COMMERCIAL (GENERAL)
$945,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$755,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$605,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $845k (Apr 1 2022)
Last sale anchor
$845k
Apr 1 2022
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
$298 / 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
$156,680
Assessed 2023
Previous assessed
$156,680
+0.0% YoY
Assessed land
$8,630
Assessed improvement
$148,050
Land market value
$41,420
Improvement market value
$694,167
Total market value
$735,587
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1908
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Total area
2,784 SF
Lot
0.06 ac (2,725 SF)
APN
7405347023
UPID
US13-0577728
Jurisdiction
EL PASO
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$755,000
MEDICAL BUILDING
Est. value
$675,000
OFFICE BUILDING
Est. value
$605,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1908
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
St Properties LLC
Entity
Mailing address
925 MANITOU AVE, MANITOU SPRINGS, CO 80829-1731
Ownership since
2022
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 24, 2024
—
St Properties LLC
—
Deed
related
$620,495 · Umb Bank NA
Apr 1, 2022
$845,000
St Properties LLC
Hakan Batan
Warranty Deed
$633,750 · Central Bank & Trust Co
Mar 1, 2018
—
Hakan Batan
—
Deed
related
—
Dec 26, 2012
$530,000
Hakan Batan
Off The Grid LLC
Warranty Deed
—
Jan 29, 2007
—
Off The Grid LLC
Wolfe,raymond G & Susan S
Quit Claim Deed
related
$540,000 · Colorado National Bank
—
—
Raymond G Wolfe
—
Deed Of Trust
related
$170,238 · Colorado Springs Nat'l Bank
—
—
Raymond C Wolfe
—
Deed Of Trust
related
$25,244 · Colorado Springs Nat'l Bank
—
—
Hakan Batan
—
Deed Of Trust
related
$371,000 · Canon National Bank
—
—
Raymond G Wolfe
—
Deed Of Trust
related
$197,000 · Colorado Springs Nat'l Bank
—
—
Hakan Batan
—
Loan Modification
related
—
—
—
Raymond G Wolfe
—
Deed Of Trust
related
$249,000 · Colorado National 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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