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Property profile & analytics
OFF-MARKET
Estimated value
$3,690,000
Drive through restaurants
10440 Arapahoe Rd Centennial, CO 80112-3714
Individually Owned
~
Est. High Equity
Property ID
US13-1383060
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,424 SF
Lot
1.27 ac (55,321 SF)
Zoning code
AMU
APN
2075-27-1-15-013
UPID
US13-1383060
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$3.69M
Owner & transaction history
Millstone L L C
Millstone L L C
since 2025
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
AMU · Centennial, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Municipal Code
Top alternative use upside
Industrial (general)
$5.2M
+133.8%
Office building
$2.3M
+3.7%
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 Centennial submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centennial 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,220,000
Current use
INDUSTRIAL (GENERAL)
$5,185,000
Change: +134% · Conversion: Difficult
OFFICE BUILDING
$2,300,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$3.69M
Range $3.32M – $4.06M · ±10% · vs last sale $4.10M (Aug 5 2025)
Last sale anchor
$4.10M
Aug 5 2025
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
$680 / 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
$57,339
Tax year 2023
Assessed value
$689,967
Assessed 2023
Previous assessed
$553,900
+24.6% YoY
Effective rate
8.31%
On assessed value
Land market value
$1,108,220
Improvement market value
$1,364,780
Total market value
$2,473,000
Applied tax rate
1,395.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
2
Total area
5,424 SF
Lot
1.27 ac (55,321 SF)
Zoning code
AMU
APN
2075-27-1-15-013
UPID
US13-1383060
Jurisdiction
ARAPAHOE
Zoning & alternative use
AMU · Centennial, COZoning AMU · permitted uses
AMU · Centennial, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
OFFICE BUILDING
Est. value
$2.3M
RESTAURANT Current
INDUSTRIAL (GENERAL)
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Millstone L L C
Individual
Mailing address
SUNSET CT, STODDARD, WI 54658
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
$4,100,000
Millstone L L C
Brady J Jacobson
Special Warranty Deed
$2,100,000 · Wells Fargo Bank NA
Nov 5, 2025
—
Scoopie Xi INC
—
Deed
related
$17,600,000 · Wells Fargo Bank NA
Nov 18, 2016
—
Bjj Properties III LLC
International Busn Acquisition
Grant Deed
—
Nov 2, 2015
$1,300,000
International Busn Acquisition
Dcl-a & H LLC
Grant Deed
$1,250,000 · Brady Jacobson
Sep 17, 2015
—
Dcl A & H LLC
International Busn Acquisition
Trustees Deed
related
—
May 10, 2013
—
International Busn Acquisition
—
Trustees Deed
related
$1,400,000 · Dcl-a & H LLC
May 8, 2013
—
International Busn Acquisition
Public Trustee Of Arapahoe Cnty
Trustees Deed
related
—
Apr 26, 2013
$1,800,000
Sunny China INC
Public Trustee Of Arapahoe Cnty
Certificate Of Purchase
$1,500,000
Jul 27, 2012
—
Sunny China INC
Sushi Club INC
Quit Claim Deed
related
—
Jun 2, 2009
—
Dcl-a & H LLC
—
Trustees Deed
related
$725,000 · Grove Family Trust (tr)
Feb 9, 2009
—
Sushi Club INC
Sunny China INC
Quit Claim Deed
related
—
Nov 18, 2008
$1,600,000
Sunny China INC
Dcl-a & H LLC
Grant Deed
$1,500,000 · Dcl-a & H LLC
Aug 21, 2007
$1,400,000
Dcl-a & H LLC
Rci Realty LLC
Grant Deed
—
Aug 17, 2007
$1,400,000
Dcl-a & H LLC
Rci Realty LLC
Grant Deed
—
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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