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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Warehouses
7885 Red Granite Loop, Colorado Springs, CO 80939-9700
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0061237
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
15,000 SF
Lot
3.37 ac (146,797 SF)
Zoning code
I-3 CAD-O
APN
5333301013
UPID
US13-0061237
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
-
Flatiron Steel Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.28M
Owner & transaction history
Purple Bear Properties LLC · 4 yrs held
Purple Bear Properties LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
I-3 CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+49.6%
Medical building
$3.6M
+46.2%
Office building
$3.2M
+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
$2,230,000
ML approach
$2,465,000
CAP Approach
CAP Return
Estimation
6%
$2,370,000
6.5%
$2,185,000
7%
$2,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,465,000
Current use
AUTO REPAIR, GARAGE
$3,690,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$3,610,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$3,205,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$2.28M
Range $2.05M – $2.51M · ±10% · vs last sale $2.35M (Sep 30 2021)
Last sale anchor
$2.35M
Sep 30 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
$152 / 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
$29,730
Tax year 2023
Assessed value
$428,780
Assessed 2023
Previous assessed
$428,780
+0.0% YoY
Effective rate
6.93%
On assessed value
Assessed land
$241,640
Assessed improvement
$187,140
Land market value
$866,102
Improvement market value
$670,750
Total market value
$1,536,852
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
15,000 SF
Lot
3.37 ac (146,797 SF)
Zoning code
I-3 CAD-O
APN
5333301013
UPID
US13-0061237
Jurisdiction
EL PASO
Zoning & alternative use
I-3 CAD-O · Colorado Springs, CO
Zoning I-3 CAD-O · permitted uses
I-3 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
$2.5M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE Current
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
2007
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
3.37 ac
Current owner
From public records · entity-resolved
Purple Bear Properties LLC
Entity
Mailing address
11500 W 21ST ST, GREELEY, CO 80634-8201
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$2,350,000
Purple Bear Properties LLC
7885 Red Granite Loop LLC
Warranty Deed
$1,187,000 · Community Banks Of Colorado
Mar 4, 2008
—
7885 Red Granite Loop LLC
Concrete Fence Of Colorado INC
Quit Claim Deed
related
$591,000 · Pikes Peak Regional Dev Corp
Jan 2, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Feb 7, 2007
—
Concrete Fence Of Colorado INC
—
Deed Of Trust
related
$1,300,000 · Canon National Bank
Aug 15, 2006
$581,316
Concrete Fence Of Colorado INC
Schnurr S J Living Trust
Warranty Deed
$590,892 · Canon National Bank
—
—
Concrete Fence Of Colorado INC
—
Deed Of Trust
related
$1,300,000 · Canon National Bank
—
—
Concrete Fence Of Colorado INC
—
Deed Of Trust
related
$1,300,000 · Canon National Bank
—
—
Concrete Fence Of Colorado INC
—
Deed Of Trust
related
$1,300,000 · Canon National Bank
—
—
7885 Red Granite Loop LLC
—
Loan Modification
related
$730,090 · Canon National Bank
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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