Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    907 Bennett Ln Colorado Springs, CO 80909-7323

    • Residential income homes
    • 681 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Jun 23, 2022
    $270,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1253960
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 907 Bennett Ln

    Year built
    1942
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    681 SF
    Zone code
    R2
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    6409402020
    APU
    6409402020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.78
    Latitude
    38.8454
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $877
    $3,430
    $18,700
    $22,130
    -
    $51,200
    $279,093
    $330,293

    Comparable in this City

    • Value Estimation by Request
      816 SF

      4022 Foster Cir

      APARTMENT HOUSE (UNDER 5 UNITS) • 816 SF
      4022 Foster Cir, Colorado Springs, CO 80909-3508
      View Details
    • Value Estimation by Request
      1,600 SF

      808 Bennett Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,600 SF
      808 Bennett Ave, Colorado Springs, CO 80909-7312
      View Details
    • Value Estimation by Request
      1,600 SF

      2456 Willamette Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,600 SF
      2456 Willamette Ave, Colorado Springs, CO 80909-4841
      View Details
    • Value Estimation by Request
      1,463 SF

      30 Iowa Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,463 SF
      30 Iowa Ave, Colorado Springs, CO 80909-5950
      View Details
    • Value Estimation by Request
      680 SF

      2202 Monument St

      APARTMENT HOUSE (UNDER 5 UNITS) • 680 SF
      2202 Monument St, Colorado Springs, CO 80909-4749
      View Details
    • Value Estimation by Request
      1,600 SF

      Bonfoy Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,600 SF
      Bonfoy Ave, Colorado Springs, CO 80909
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,400 SF

      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
      40,677 SF

      62-Unit Multifamily Investment Opportunity

      Multifamily investment property in Colorado Springs with strong cash flow.
      1429 Potter Dr, Colorado Springs, CO 80909
      View Details
    • $6,700,000
      43,452 SF

      Sonoma Heights Apartments: 60 Units, Colorado Springs

      Prime Multifamily Investment Opportunity
      3617 Marion Dr, Colorado Springs, CO 80909
      View Details
    • $4,750,000

      Colorado Springs Multifamily Investment

      12-Unit Apartment Complex, 5.3% Cap Rate
      3547-3607 Uintah St, 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
      15,418 SF

      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

    • $13 SF/Yr
      67,197 SF

      Academy Blvd Office Space

      Colorado Springs office suites, 309-9,846 sq ft
      2020 Academy Blvd, Colorado Springs, CO 80909
      View Details
    • $15 SF/Yr
      10,297 SF

      Auburn Drive Office Suites

      Prime Office Space, Multiple Units Available
      228 Auburn Dr, Colorado Springs, CO 80909
      View Details
    • $15 SF/Yr
      45,354 SF

      Maizeland Retail Center Opportunity

      High-visibility retail/office space available.
      3814-3960 Maizeland Rd, Colorado Springs, CO 80909
      View Details
    • $9 SF/Yr
      25,130 SF

      Academy Tower Plaza Retail Center

      Prime Academy Blvd Retail Space Available
      201 Academy Blvd, Colorado Springs, CO 80909
      View Details
    • $14 SF/Yr
      8,051 SF

      Basement Warehouse Space For Rent

      8,051 SF basement warehouse space with easy loading access.
      1105 N Circle Dr, Colorado Springs, CO 80909
      View Details
    • $15 SF/Yr
      2,212 SF

      Office Space with Mountain Views

      Office space featuring mountain views and abundant natural light.
      2504 E Pikes Peak Ave, 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.
    907 Bennett Ln
    Colorado Springs, CO 80909-7323
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.