Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Retail space
956 Manitou Ave Manitou Springs, CO 80829-1759
Entity Owned
~
Est. High Equity
Property ID
US13-0340180
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,640 SF
Lot
0.06 ac (2,684 SF)
Zoning code
DWTN
APN
7405305011
UPID
US13-0340180
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
by Request
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$740k
Owner & transaction history
Prime Commerical Realty LLC
Prime Commerical Realty LLC
since 2026
6 recorded transactions
Zoning & alternative use
DWTN · Manitou Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$895,000
+43.9%
Neighborhood: shopping center
$730,000
+17.5%
Auto repair, garage
$715,000
+15.1%
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 Manitou Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitou 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$580,000
7%
$540,000
Alternative Use
Use
Estimation
RETAIL STORES
$620,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$715,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$640,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$570,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±10%
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
$280 / 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
$199,850
Assessed 2023
Previous assessed
$199,850
+0.0% YoY
Assessed land
$13,220
Assessed improvement
$186,630
Land market value
$47,373
Improvement market value
$668,934
Total market value
$716,307
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
2,640 SF
Lot
0.06 ac (2,684 SF)
Zoning code
DWTN
APN
7405305011
UPID
US13-0340180
Jurisdiction
EL PASO
Zoning & alternative use
DWTN · Manitou Springs, CO
Zoning DWTN · permitted uses
DWTN · Manitou Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manitou Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$715,000
MEDICAL BUILDING
Est. value
$640,000
OFFICE BUILDING
Est. value
$570,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Prime Commerical Realty LLC
Entity
Mailing address
324 BECKERS LN, MANITOU SPRINGS, CO 80829-2408
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
$950,000
Prime Commerical Realty LLC
Tim O Haas And Terrance E Haas Ptr
Special Warranty Deed
$513,000 · Umb Bank NA
Jan 8, 2010
$490,000
Tim & Terry Haas Limited Liability
Lawrence M Nelson
Warranty Deed
$367,500 · Jpmorgan Chase Bank NA
May 29, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Lawrence M Nelson
—
Deed Of Trust
related
$176,000 · Mamie N Haddock
—
—
Lawrence M Nelson
—
Deed Of Trust
related
$354,900 · Greenpoint Mortgage Funding
—
—
Lawrence M Nelson
—
Deed Of Trust
related
$205,940 · Pikes Peak 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 956 Manitou Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
