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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Strip malls
8770 Un Blvd Colorado Springs, CO 80920-7797
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0877903
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,990 SF
Lot
1.65 ac (71,874 SF)
Zoning code
PBC/CR CU
APN
6234406004
UPID
US13-0877903
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
-
Renew Smiles Dental Office
-
Dr. Ronald D. Cockrell, DDS Dental Office
-
Renew dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.54M
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.66M
Owner & transaction history
Silver Family Ltd · 3 yrs held
Silver Family Ltd
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
PBC/CR CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+64.2%
Apartment house (5+ units)
$2.9M
+53.1%
Commercial (general)
$2.7M
+44.3%
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
$2,520,000
ML approach
$2,540,000
CAP Approach
CAP Return
Estimation
6%
$1,860,000
6.5%
$1,720,000
7%
$1,595,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,865,000
Current use
RESTAURANT
$3,060,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,855,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,690,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,720,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,680,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$1,640,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $2.73M (Nov 18 2022)
Last sale anchor
$2.73M
Nov 18 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
$380 / 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
$614,040
Assessed 2023
Previous assessed
$614,040
+0.0% YoY
Assessed land
$224,590
Assessed improvement
$389,450
Land market value
$804,989
Improvement market value
$1,395,865
Total market value
$2,200,854
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
6,990 SF
Lot
1.65 ac (71,874 SF)
Zoning code
PBC/CR CU
APN
6234406004
UPID
US13-0877903
Jurisdiction
EL PASO
Zoning & alternative use
PBC/CR CU · Colorado Springs, CO
Zoning PBC/CR CU · permitted uses
PBC/CR CU · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Silver Family Ltd
Individual
Mailing address
400 S COLORADO BLVD STE #900, DENVER, CO 80246-1241
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2022
$2,725,000
Silver Family Ltd
Gambrel Properties Union Town Cente
Special Warranty Deed
—
Nov 16, 2021
$2,100,000
321 S Downing LLC
West Carefree LLC
Special Warranty Deed
$1,575,000 · Firstbank
Jul 26, 2013
—
West Carefree LLC
—
Trustees Deed
related
$220,000 · Five Star Bank
Sep 22, 2005
—
West Carefree LLC
—
Trustees Deed
related
$1,375,000 · Peoples National Bank Colorado
Jun 30, 2004
$537,500
West Carefree LLC
Chelsea Land & Investment Co
Grant Deed
—
Nov 8, 2000
—
Chelsea Land & Inv Co LLC
Ws Briargate Associates LLC
Grant Deed
related
—
—
—
West Carefree LLC
—
Deed Of Trust
related
$1,233,000 · Bank Of Co
—
—
West Carefree LLC
—
Deed Of Trust
related
$179,308 · Vectra Bank Colorado NA
—
—
West Carefree LLC
—
Deed Of Trust
related
$1,260,000 · Five Star Bank
—
—
Chelsea Land & Inv Co LLC
—
Deed Of Trust
related
$4,600,000 · Community First 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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