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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Distribution centers
7231 Cole Vw Colorado Springs, CO 80915-9704
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1093600
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,549 SF
Lot
0.86 ac (37,508 SF)
Zoning code
CS CAD-O
APN
5408102052
UPID
US13-1093600
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
-
A-1 Chipseal Co. General Contractor Construction Company
-
Theisen Masonry Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.27M
Owner & transaction history
Record Owner · 19 yrs held
Record Owner
since 2007
7 recorded transactions
Zoning & alternative use
CS CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+67.1%
Auto repair, garage
$1.9M
+54.4%
Medical building
$1.8M
+50.8%
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%
$1,385,000
6.5%
$1,280,000
7%
$1,190,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,205,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,010,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,860,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$1,815,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$1,610,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$168 / 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
$29,202
Tax year 2023
Assessed value
$414,270
Assessed 2023
Previous assessed
$414,270
+0.0% YoY
Effective rate
7.05%
On assessed value
Assessed land
$74,300
Assessed improvement
$339,970
Land market value
$266,307
Improvement market value
$1,218,545
Total market value
$1,484,852
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
7,549 SF
Lot
0.86 ac (37,508 SF)
Zoning code
CS CAD-O
APN
5408102052
UPID
US13-1093600
Jurisdiction
EL PASO
Zoning & alternative use
CS CAD-O · Colorado Springs, CO
Zoning CS CAD-O · permitted uses
CS CAD-O · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE Current
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Record Owner
Individual
Mailing address
2505 E 74TH AVE, DENVER, CO 80229-6621
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
—
74th Ave LP
—
Deed
$1,000,000 · Pb&t Bk
May 21, 2020
—
Richard J Theisen
—
Deed
related
—
May 5, 2017
—
Richard J Theisen
—
Deed
related
$662,382 · Five Star Bk
Jul 28, 2016
—
Richard J Theisen
—
Deed
related
—
Dec 5, 2013
—
Richard J Theisen
—
Trustees Deed
related
$100,000 · Five Star Bk
May 25, 2010
—
Richard J Theisen
—
Trustees Deed
related
$100,000 · Five Star Bank
May 4, 2007
—
Richard J Theisen
—
Trustees Deed
related
$534,000 · Bank Of Colorado
Jan 19, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
74th Ave LP
—
Deed Of Trust
$1,000,000 · Pb&t Bk
—
—
Richard J Theisen
—
Deed Of Trust
related
$117,430 · Five Star Bank
—
—
Richard J Theisen
—
Deed Of Trust
related
$634,500 · Five Star Bank
—
—
Richard J Theisen
—
Loan Modification
related
—
—
—
Richard J Theisen
—
Loan Modification
related
—
—
—
Richard J Theisen
—
Loan Modification
related
—
—
—
Richard J Theisen
—
Loan Modification
related
$662,382 · Five Star Bk
—
—
Richard J Theisen
—
Loan Modification
related
—
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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