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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Auto shops
7455 Test Dr Colorado Springs, CO 80923-8846
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-2694880
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,850 SF
Lot
5 ac (217,800 SF)
Zoning code
C6 CU P AO
APN
6312218002
UPID
US13-2694880
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
-
Bob Penkhus Mazda at Powers (North) Car Dealership
-
Bob Penkhus Mazda at Powers Service & Parts (North) Auto Parts Store
-
Mazda Service (North) Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$3.02M
Owner & transaction history
Penkhus Holdings-powers LLC · 12 yrs held
Penkhus Holdings-powers LLC
since 2014
7 recorded transactions
Zoning & alternative use
C6 CU P AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,665,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$4,590,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±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
$138 / 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
$892,030
Assessed 2023
Previous assessed
$892,030
+0.0% YoY
Assessed land
$613,740
Assessed improvement
$278,290
Land market value
$2,199,780
Improvement market value
$997,470
Total market value
$3,197,250
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
21,850 SF
Lot
5 ac (217,800 SF)
Zoning code
C6 CU P AO
APN
6312218002
UPID
US13-2694880
Jurisdiction
EL PASO
Zoning & alternative use
C6 CU P AO · Colorado Springs, CO
Zoning C6 CU P AO · permitted uses
C6 CU P AO · 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
OFFICE BUILDING
Est. value
$4.7M
RETAIL STORES
Est. value
$4.6M
OFFICE 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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
Penkhus Holdings-powers LLC
Entity
Mailing address
1101 MOTOR CITY DR, COLORADO SPRINGS, CO 80905-7312
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
—
Penkhus Holdings Powers LLC
—
Deed
related
$2,705,211 · Toyota Financial Savings Bank
May 29, 2019
—
Penkhus Holdings Powers LLC
—
Deed
related
$313,900 · Compass Bank
Aug 17, 2017
—
Penkhus Holdings-powers LLC
—
Deed
related
$4,207,916 · Jp Morgan Chase Bk
Aug 1, 2016
—
Penkhus Holdings Powers LLC
—
Deed
related
$4,429,026 · Jpmorgan Chase Bank NA
Mar 6, 2014
—
Penkhus Holdings-powers LLC
Penkhus,robert A
Quit Claim Deed
related
—
Jun 3, 2004
$2,395,800
Robert A Penkhus
Development Management INC
Grant Deed
$3,900,000 · Wells Fargo Bank
—
—
Penkhus Hldgs Motor City LLC
—
Deed Of Trust
related
$4,161,000 · Compass Bk
—
—
Penkhus,robert A
—
Deed Of Trust
related
$1,400,000 · J P Morgan Chase Bank
—
—
Penkhus Holdings-powers LLC
—
Loan Modification
related
$4,207,916 · Jp Morgan Chase Bk
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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