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Property profile & analytics
OFF-MARKET
Estimated value
$6,980,000
Manufacturing properties
850 Aeroplaza Dr Colorado Springs, CO 80916-4000
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0041944
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Construction
STEEL FRAME
Total area
107,154 SF
Lot
10.18 ac (443,441 SF)
Zoning code
PIP2/CR AO
APN
6424007005
UPID
US13-0041944
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
-
Springs Fabrication, LLC Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.83M
Blend (final)
Blend
$6.98M
Owner & transaction history
850 Aeroplaza Drive Property LLC · 4 yrs held
850 Aeroplaza Drive Property LLC
since 2022
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
PIP2/CR 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
$6,505,000
ML approach
$7,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.98M
Range $6.28M – $7.68M · ±10% · vs last sale $7.03M (May 24 2022)
Last sale anchor
$7.03M
May 24 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
$65 / 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
$88,082
Tax year 2023
Assessed value
$1,715,720
Assessed 2023
Previous assessed
$1,715,720
+0.0% YoY
Effective rate
5.13%
On assessed value
Assessed land
$451,580
Assessed improvement
$1,264,140
Land market value
$1,618,556
Improvement market value
$4,530,985
Total market value
$6,149,541
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Total area
107,154 SF
Lot
10.18 ac (443,441 SF)
Zoning code
PIP2/CR AO
APN
6424007005
UPID
US13-0041944
Jurisdiction
EL PASO
Zoning & alternative use
PIP2/CR AO · Colorado Springs, CO
Zoning PIP2/CR AO · permitted uses
PIP2/CR 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.
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Lot
10.18 ac
Current owner
From public records · entity-resolved
850 Aeroplaza Drive Property LLC
Entity
Mailing address
1321 LOBELIA DR, LAKE MARY, FL 32746-2665
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
$7,027,655
850 Aeroplaza Drive Property LLC
Neppl Limited Liability Company
Special Warranty Deed
—
Jun 15, 2010
—
Neppl LLC
—
Trustees Deed
related
—
Dec 20, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Nov 14, 2005
$110,675
City Of Colorado Springs
Neppl LLC
Warranty Deed
—
—
—
Neppl LLC
—
Deed Of Trust
related
$2,150,000 · Pikes Peak Regional Dev Corp
—
—
Neppl LLC
—
Deed Of Trust
related
$1,950,000 · Ent FCU
—
—
Neppl LLC
—
Deed Of Trust
related
—
—
—
Springs Fabrication INC
—
Deed Of Trust
related
$3,421,345 · Ent FCU
—
—
Neppl LLC
—
Deed Of Trust
related
$3,710,269 · Ent FCU
—
—
Springs Fabrication INC
—
Deed Of Trust
related
$100,000 · Us Bank NA
—
—
Springs Fabrication INC
—
Deed Of Trust
related
$1,950,000 · Ent FCU
—
—
Neppl LLC
—
Deed Of Trust
related
$6,484 · Pikes Peak Regional Dev Corp
—
—
Neppl LLC
—
Deed Of Trust
related
—
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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