Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    803 Yuma St Colorado Springs, CO 80909
    Back to Search
    Property profile & analytics

    803 Yuma St Colorado Springs, CO 80909

    View on Map
    • Commercial real estate
    • 5,018 SF
    Off-Market
    Property ID
    US13-2674780
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kenneth & Sons Electricians / Electrical Service / General Contractor

    Property Details for 803 Yuma St

    Year built
    1966
    Property size
    5,018 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents an 8-unit apartment building located at 803 Yuma St, Colorado Springs, CO 80909. The property, built in 1966 and extensively renovated in 2021, boasts a 5,018 square foot building situated on a 10,875 square foot lot. All eight units are currently 100% occupied, featuring one bedroom and one bathroom each. Recent renovations include new paint, luxury vinyl plank (LVP) flooring, upgraded electrical wiring and panels, and a new water heater. Tenants enjoy on-site laundry facilities and a fenced backyard with a community garden. The property offers 12 parking spaces. The current Net Operating Income (NOI) is $64,484, yielding a 6.03% cap rate. A pro-forma NOI of $77,491 projects a 7.24% cap rate, reflecting potential for increased rental income as leases expire and are renewed at market rates. This stabilized investment property is ideally located in central Colorado Springs, offering easy access to downtown, outdoor recreation, and numerous dining and retail options. The strong location and recent capital improvements make this a compelling opportunity for investors seeking predictable returns in a thriving market. The asking price is $1,070,000, representing a price per unit of $133,750 and a price per square foot of $213.23. This two-story building presents a value-add opportunity with potential for further renovations and rent increases.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7779606
    Latitude
    38.8437492

    Comparable in this City

    • Contact for pricing
      43,452 SF

      Colorado Springs Multifamily Investment

      60-unit apartment complex in Knob Hill neighborhood.
      3617 Marion Dr, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      60-Unit Multifamily Investment Opportunity

      Multifamily investment property with value-add potential in Colorado Springs.
      3617 Uintah St, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      62-Unit Multifamily Investment Opportunity

      Multifamily investment property in Colorado Springs with strong cash flow.
      1429 Potter Dr, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      Multifamily Community in Colorado Springs

      258-unit multifamily community in a dynamic Colorado Springs location.
      1220-1240 Potter Dr, Colorado Springs, CO 80909
      View Details
    • $2,160,000
      13,574 SF

      Colorado Springs Multifamily Investment Opportunity

      Well-maintained 16-unit apartment building with value-add potential near downtown.
      3925 E San Miguel St, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      27-Unit Multifamily Investment Opportunity

      Multifamily investment property in Colorado Springs, value-add potential.
      2237 E Boulder St, Colorado Springs, CO 80909
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,452 SF

      Colorado Springs Multifamily Investment

      60-unit apartment complex in Knob Hill neighborhood.
      3617 Marion Dr, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      60-Unit Multifamily Investment Opportunity

      Multifamily investment property with value-add potential in Colorado Springs.
      3617 Uintah St, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      62-Unit Multifamily Investment Opportunity

      Multifamily investment property in Colorado Springs with strong cash flow.
      1429 Potter Dr, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      Multifamily Community in Colorado Springs

      258-unit multifamily community in a dynamic Colorado Springs location.
      1220-1240 Potter Dr, Colorado Springs, CO 80909
      View Details
    • $2,160,000
      13,574 SF

      Colorado Springs Multifamily Investment Opportunity

      Well-maintained 16-unit apartment building with value-add potential near downtown.
      3925 E San Miguel St, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      27-Unit Multifamily Investment Opportunity

      Multifamily investment property in Colorado Springs, value-add potential.
      2237 E Boulder St, Colorado Springs, CO 80909
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      2806 E Pikes Peak Ave, Colorado Springs, CO 80909

      Retail space
      2806 E Pikes Peak Ave, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      2,706 SF

      Medical Office in Audubon Campus

      Class A medical office space for lease in Colorado Springs.
      2960 N Circle Dr, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      Centrally Located Professional Office Suite

      Professional office suite near Constitution and North Academy Blvd.
      2130 Academy Cir, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      3,472 SF

      Colorado Springs Flex Space Available

      Flex space with easy access to I-25.
      1030-1050 S Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      4,675 SF

      Retail Space in Power Center

      Retail space in a busy Colorado Springs power center.
      801-945 N Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      30,000 SF

      Versatile Flex Space Available

      Adaptable flex space suitable for office or warehouse use.
      4040 E Bijou St, Colorado Springs, CO 80909
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    803 Yuma St
    Colorado Springs, CO 80909
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    803 Yuma St, Colorado Springs, CO, 80909
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!