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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Retail space
740 Manitou Ave Manitou Springs, CO 80829-1810
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2362341
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,024 SF
Lot
0.06 ac (2,400 SF)
Zoning code
DWTN
APN
7405347016
UPID
US13-2362341
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
$665k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$665k
Owner & transaction history
Tava Spirit Mountain INC · 1 yrs held
Tava Spirit Mountain INC
since 2024
Last sale
$665,000
6 recorded transactions
Zoning & alternative use
DWTN · Manitou Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$1.0M
+43.9%
Neighborhood: shopping center
$835,000
+17.5%
Auto repair, garage
$820,000
+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
$665,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$620,000
Alternative Use
Use
Estimation
RETAIL STORES
$710,000
Current use
COMMERCIAL (GENERAL)
$1,025,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$820,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$655,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $665k (Sep 6 2024)
Last sale anchor
$665k
Sep 6 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
$220 / 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
$6,346
Tax year 2023
Assessed value
$92,040
Assessed 2023
Previous assessed
$92,040
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$8,760
Assessed improvement
$83,280
Land market value
$50,640
Improvement market value
$386,622
Total market value
$437,262
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Units
1
Total area
3,024 SF
Lot
0.06 ac (2,400 SF)
Zoning code
DWTN
APN
7405347016
UPID
US13-2362341
Jurisdiction
EL PASO
Zoning & alternative use
DWTN · Manitou Springs, COZoning DWTN · permitted uses
DWTN · Manitou Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$820,000
MEDICAL BUILDING
Est. value
$735,000
OFFICE BUILDING
Est. value
$655,000
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Tava Spirit Mountain INC
Entity
Mailing address
124 N TEJON ST, COLORADO SPRINGS, CO 80903-1406
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$665,000
Tava Spirit Mountain INC
Leroy Ford Gherald III
Special Warranty Deed
$373,375 · The Pueblo Bank And Trust Co
Dec 9, 2016
—
Gherald L Ford III
—
Deed
related
$60,000 · American Bk/commerce
Oct 29, 2013
—
Jennie M Ford
Ford,gherald L JR
Quit Claim Deed
related
—
Jul 25, 2012
—
Jennie M Ford
Ford,jennie M & Gheral L III
Quit Claim Deed
related
—
Jun 13, 2012
—
Jennie M Ford
Ford,jennie M
Quit Claim Deed
related
—
—
—
Gherald L Ford III
—
Deed Of Trust
related
$60,000 · American Bk/commerce
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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