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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Distribution centers
7720 Electronic Dr Colorado Springs, CO 80922-1505
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US13-0057554
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Construction
STEEL FRAME
Total area
21,798 SF
Lot
9.36 ac (407,722 SF)
Zoning code
M CAD-O
APN
5332001009
UPID
US13-0057554
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
-
Tab Construction Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.70M
Comparable Approach
Comparable
$3.21M
Blend (final)
Blend
$2.98M
Owner & transaction history
Electronic Drive LLC · 21 yrs held
Electronic Drive LLC
since 2005
7 recorded transactions
Zoning & alternative use
M CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+29.8%
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%
$4,005,000
6.5%
$3,695,000
7%
$3,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,585,000
Current use
OFFICE BUILDING
$4,655,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±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
$137 / 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
$42,163
Tax year 2023
Assessed value
$604,600
Assessed 2023
Previous assessed
$604,600
+0.0% YoY
Effective rate
6.97%
On assessed value
Assessed land
$267,320
Assessed improvement
$337,280
Land market value
$958,144
Improvement market value
$1,208,878
Total market value
$2,167,022
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
1981
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
21,798 SF
Lot
9.36 ac (407,722 SF)
Zoning code
M CAD-O
APN
5332001009
UPID
US13-0057554
Jurisdiction
EL PASO
Zoning & alternative use
M CAD-O · Colorado Springs, CO
Zoning M CAD-O · permitted uses
M 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
$3.6M
OFFICE BUILDING
Est. value
$4.7M
WAREHOUSE, STORAGE Current
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
1981
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
9.36 ac
Current owner
From public records · entity-resolved
Electronic Drive LLC
Entity
Mailing address
7720 ELECTRONIC DR, COLORADO SPRINGS, CO 80922-1505
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2018
—
7720 Electronic Drive LLC
—
Deed
related
$700,000 · Anb Bank
Jun 3, 2005
—
Electronic Drive LLC
International Transportation L
Quit Claim Deed
related
—
Jun 3, 2005
$1,875,000
7720 Electronic Drive LLC
Electronic Drive LLC
Grant Deed
$1,400,000 · Compass Bank
Jun 7, 2001
—
Electronic Drive LLC
—
Deed Of Trust
related
$1,300,000 · Firstmerit Bank NA
Dec 31, 1999
—
Electronic Drive LLC
—
Deed Of Trust
related
$1,100,000 · Firstmerit Bank NA
—
—
7720 Electronic Drive LLC
—
Deed Of Trust
related
$1,035,099 · Anb Bank
—
—
Electronic Drive LLC
—
Deed Of Trust
related
$200,000 · Firstmerit Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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