505 ColoradoColorado Springs, CO 80905

  • Auto shops
  • 2,949 SF
Off market
$2,185,000 Estimated

Property Details for 505 Colorado

Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.22 AC
Property size (Sq ft)
2,949 SF
Zone code
C6
Property type
Auto shops
APN
7413132003
APU
7413132003

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $745,991
    6.5%
    $688,607
    7%
    $639,421
  • Comparable approach

    Method
    Valuation
    Relative Method
    $253,392
    Geo Method
    $253,392
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,351,670
    Mixed-Use / Specialty
    $682,587
    Hospitality / Lodging
    $496,151
    Office
    $674,819
    Institutional / Educational
    $708,341
    Residential Income
    $828,759
    Multifamily
    $1,013,730
    Automotive / Energy
    $607,150
    Parking / Income-Based Land
    $213,042
    Restaurant / Food Service
    $347,410
    Healthcare / Senior Housing
    $703,636

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8324
Longitude
-104.835
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
$2,784
$36,440
$21,830
$58,270
-
$130,625
$78,237
$208,862

FAQs

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Please email our support team at [email protected] and they will add the team member.
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