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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Outlet malls
747 Citadel E Dr Colorado Springs, CO 80909-5302
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0965444
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Construction
WOOD FRAME
Total area
26,478 SF
Lot
2.4 ac (104,544 SF)
Zoning code
PBC CU HR AO
APN
6410407013
UPID
US13-0965444
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
$3.96M
CAP Approach
CAP
$4.90M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$3.95M
Owner & transaction history
Mdc 747 Citadel Drive E Co Springs · 4 yrs held
Mdc 747 Citadel Drive E Co Springs
since 2022
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
PBC CU HR AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.4M
+74.8%
Auto repair, garage
$4.0M
+10.0%
Office building
$3.6M
+0.0%
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
$3,750,000
ML approach
$3,955,000
CAP Approach
CAP Return
Estimation
6%
$5,310,000
6.5%
$4,900,000
7%
$4,550,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,645,000
Current use
MEDICAL BUILDING
$6,370,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,010,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$3,645,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±10% · vs last sale $4.05M (May 17 2022)
Last sale anchor
$4.05M
May 17 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
$149 / 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
$730,780
Assessed 2023
Previous assessed
$730,780
+0.0% YoY
Assessed land
$368,970
Assessed improvement
$361,810
Land market value
$1,322,482
Improvement market value
$1,296,821
Total market value
$2,619,303
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
26,478 SF
Lot
2.4 ac (104,544 SF)
Zoning code
PBC CU HR AO
APN
6410407013
UPID
US13-0965444
Jurisdiction
EL PASO
Zoning & alternative use
PBC CU HR AO · Colorado Springs, CO
Zoning PBC CU HR AO · permitted uses
PBC CU HR 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
RETAIL STORES Current
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1994
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Mdc 747 Citadel Drive E Co Springs
Entity
Mailing address
1962 BLAKE ST STE #200, DENVER, CO 80202-1298
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2026
—
Mdc 747 Citadel Drive E Co Springs
—
Deed
related
$3,010,000 · Parkside Financial Bank & Trust
May 17, 2022
—
Mdc 747 Citadel Drive E Co Springs
Citadel Plaza LLC
Special Warranty Deed
$3,000,000 · Academy Bank NA
Apr 22, 2019
$3,025,000
Citadel Plaza LLC
Prd Properties LP
Grant Deed
—
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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