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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Retail space
741 Manitou Ave Manitou Springs, CO 80829-1809
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0664199
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,405 SF
Lot
0.06 ac (2,642 SF)
APN
7405321023
UPID
US13-0664199
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
$720k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$914k
Blend (final)
Blend
$715k
Owner & transaction history
St Properties LLC · 5 yrs held
St Properties LLC
since 2021
Last sale
$701,667
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+43.9%
Neighborhood: shopping center
$940,000
+17.5%
Auto repair, garage
$920,000
+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
$690,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
RETAIL STORES
$800,000
Current use
COMMERCIAL (GENERAL)
$1,155,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$920,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$830,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $702k (Jun 28 2021)
Last sale anchor
$702k
Jun 28 2021
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
$210 / 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
$208,040
Assessed 2023
Previous assessed
$208,040
+0.0% YoY
Assessed land
$11,200
Assessed improvement
$196,840
Land market value
$40,158
Improvement market value
$705,537
Total market value
$745,695
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Units
1
Total area
3,405 SF
Lot
0.06 ac (2,642 SF)
APN
7405321023
UPID
US13-0664199
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
$800,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$920,000
MEDICAL BUILDING
Est. value
$830,000
OFFICE BUILDING
Est. value
$735,000
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Units
1
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
2021
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
Aug 5, 2022
—
St Properties LLC
—
Deed
related
—
Jun 28, 2021
$701,667
St Properties LLC
Kb Primal LLC
Warranty Deed
$560,000 · Us Bank NA
Apr 23, 2018
—
Kb Primal LLC
—
Deed
related
$578,500 · Adams Bk&tr
Aug 16, 2017
—
Kb Primal LLC
—
Deed
related
$87,800 · Adams Bk&tr
Oct 22, 2013
—
Kb Primal LLC
Trenker,bianca M
Quit Claim Deed
related
$60,000 · Adams Bank & Trust
Feb 3, 2005
—
Bianca Codiga
Trenker,joachim F
Quit Claim Deed
related
—
—
—
Kb Primal LLC
—
Deed Of Trust
related
$60,000 · Adams Bank & Trust
—
—
Kb Primal LLC
—
Deed Of Trust
related
$74,827 · Adams Bk&tr
—
—
Kb Primal LLC
—
Deed Of Trust
related
$10,000 · Adams Bk&tr
—
—
Kb Primal LLC
—
Deed Of Trust
related
$87,800 · Adams Bk&tr
—
—
Kb Primal LLC
—
Deed Of Trust
related
$578,500 · Adams Bk&tr
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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