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Property profile & analytics
OFF-MARKET
Estimated value
$7,860,000
High-rise multifamily apartments
929 Arcturus Dr Colorado Springs, CO 80905-7840
Entity Owned
3-yr Hold
Property ID
US13-0047448
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,623 SF
Lot
0.77 ac (33,600 SF)
Zoning code
R5 HR
APN
7425200008
UPID
US13-0047448
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
-
Broadmoor Park Tower Real Estate Rental Agency Apartment Complex
-
Broadmoor Park Tower Apartment Homes Real Estate Agency
-
Tranquility Logistics Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.49M
CAP Approach
CAP
$8.34M
Comparable Approach
Comparable
$9.21M
Blend (final)
Blend
$7.86M
Owner & transaction history
Gbe Tower LLC · 3 yrs held
Gbe Tower LLC
since 2022
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
R5 HR · 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
$7,425,000
ML approach
$7,490,000
CAP Approach
CAP Return
Estimation
6%
$9,025,000
6.5%
$8,335,000
7%
$7,740,000
Blend value · Realmo final
$7.86M
Range $7.07M – $8.65M · ±10% · vs last sale $8.02M (Oct 18 2022)
Last sale anchor
$8.02M
Oct 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
$176 / 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
$30,019
Tax year 2023
Assessed value
$434,260
Assessed 2023
Previous assessed
$434,260
+0.0% YoY
Effective rate
6.91%
On assessed value
Assessed land
$35,120
Assessed improvement
$399,140
Land market value
$524,160
Improvement market value
$5,957,256
Total market value
$6,481,416
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
6
Units
47
Total area
44,623 SF
Lot
0.77 ac (33,600 SF)
Zoning code
R5 HR
APN
7425200008
UPID
US13-0047448
Jurisdiction
EL PASO
Zoning & alternative use
R5 HR · Colorado Springs, COZoning R5 HR · permitted uses
R5 HR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
6
Units
47
Lot
0.77 ac
Current owner
From public records · entity-resolved
Gbe Tower LLC
Entity
Mailing address
620 NEWPORT CTR DR STE #250, NEWPORT BEACH, CA 92660-8008
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$8,021,600
Gbe Tower LLC
Galaxy Mountaineering LLC
Special Warranty Deed
$5,796,000 · Newpoint Real Estate Capital LLC
Oct 10, 2017
—
Galaxy Mountaineering LLC
—
Deed
related
$525,000 · Kirkpatrick Bk
Aug 24, 2007
$2,027,450
Galaxy Mountaineering LLC
Galaxy Apartments Lllp
Grant Deed
—
Apr 10, 2000
$1,355,000
Galaxy Apartments LLP
Bennett Family Partnership
Grant Deed
—
—
—
Galaxy Mountaineering LLC
—
Deed Of Trust
related
$1,633,600 · Amerisphere Multifamily Fin'l
—
—
Galaxy Apartments Lllp
—
Deed Of Trust
related
$875,000 · Washington Mutual Fsb
—
—
Galaxy Mountaineering LLC
—
Deed Of Trust
related
$525,000 · Kirkpatrick Bk
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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