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Property profile & analytics
OFF-MARKET
Manufacturing properties
949 Elkton Dr Colorado Springs, CO 80907-3537
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0829246
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,979 SF
Lot
0.87 ac (37,961 SF)
Zoning code
PIP2 HS
APN
7324301015
UPID
US13-0829246
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
-
Pro PDR - Paintless Dent Repair Colorado Springs - Hail Damage Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Malachi 310-12 LLC · 7 yrs held
Malachi 310-12 LLC
since 2019
7 recorded transactions
Zoning & alternative use
PIP2 HS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,550
Tax year 2023
Assessed value
$174,310
Assessed 2023
Previous assessed
$174,310
+0.0% YoY
Effective rate
5.48%
On assessed value
Assessed land
$56,660
Assessed improvement
$117,650
Land market value
$203,091
Improvement market value
$421,686
Total market value
$624,777
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
3,979 SF
Lot
0.87 ac (37,961 SF)
Zoning code
PIP2 HS
APN
7324301015
UPID
US13-0829246
Jurisdiction
EL PASO
Zoning & alternative use
PIP2 HS · Colorado Springs, CO
Zoning PIP2 HS · permitted uses
PIP2 HS · 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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Malachi 310-12 LLC
Entity
Mailing address
PO BOX 7586, COLORADO SPRINGS, CO 80933-7586
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2019
—
Malachi 310-12 LLC
—
Deed
related
$313,900 · Colorado Lndg Source
Jan 23, 2019
—
Malachi 310-12 LLC
—
Deed
related
$379,562 · Firstbank
Jan 4, 2019
$750,000
Malachi 310-12 LLC
Springs Equities LLC
Grant Deed
$379,562 · Firstbank
Feb 23, 2018
—
Colorado Springs Equities LLC
—
Deed
related
$400,000 · Schulz Ptshp Lllp
Mar 30, 2017
—
Colorado Springs Equities LLC
—
Deed
related
$400,000 · Schulz Ptshp Lllp
Feb 5, 2015
—
Colorado Springs Equities LLC
Equity Holdings LLC
Quit Claim Deed
related
$400,000 · Legacy Bank
Oct 15, 2013
$407,400
Equity Holdings LLC
Finkelstein Ptrs Ltd
Grant Deed
$397,000 · Finkelstein Partners Ltd
—
—
Malachi 310-12 LLC
—
Deed Of Trust
related
$313,900 · Colorado Lndg Source
—
—
Malachi 310-12 LLC
—
Deed Of Trust
related
$379,562 · Firstbank
—
—
Colorado Springs Equities LLC
—
Deed Of Trust
related
$400,000 · Private Individual
—
—
Colorado Springs Equities LLC
—
Loan Modification
related
$400,000 · Schulz Ptshp Lllp
—
—
Colorado Springs Equities LLC
—
Loan Modification
related
$400,000 · Schulz Ptshp Lllp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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