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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Residential income homes
918 Teal Ct Colorado Springs, CO 80910-2359
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US13-0826492
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1983
Construction
WOOD FRAME
Total area
3,360 SF
Lot
0.35 ac (15,377 SF)
Zoning code
R5
APN
6422208040
UPID
US13-0826492
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
918 Teal Court LLC · 1 yrs held
918 Teal Court LLC
since 2024
Last sale
$878,000
2 recorded transactions
Zoning & alternative use
R5 · 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
$880,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,370,000
Current use
COMMERCIAL (GENERAL)
$1,295,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $878k (Oct 3 2024)
Last sale anchor
$878k
Oct 3 2024
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
$262 / 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
$73,020
Assessed 2023
Previous assessed
$73,020
+0.0% YoY
Assessed land
$8,040
Assessed improvement
$64,980
Land market value
$119,941
Improvement market value
$969,904
Total market value
$1,089,845
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Buildings
2
Stories
2
Units
4
Total area
3,360 SF
Lot
0.35 ac (15,377 SF)
Zoning code
R5
APN
6422208040
UPID
US13-0826492
Jurisdiction
EL PASO
Zoning & alternative use
R5 · Colorado Springs, CO
Zoning R5 · permitted uses
R5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Buildings
2
Units
4
Lot
0.35 ac
Current owner
From public records · entity-resolved
918 Teal Court LLC
Entity
Mailing address
3305 INVERNESS DR, WALNUT CREEK, CA 94598-3934
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
918 Teal Court LLC
Ryan Tubman
Quit Claim Deed
related
—
May 13, 2020
$878,000
Ryan Tubman
Larry C Nicks
Grant Deed
$616,000 · Firstbank
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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