Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Turn key restaurants
11 Primrose St Palmer Lake, CO 80133-5109
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0796211
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
WOOD FRAME
Total area
2,715 SF
Lot
0.22 ac (9,700 SF)
Zoning code
CC
APN
7105125002
UPID
US13-0796211
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
-
Christina's hair at fuse salon Hair Salon
-
Journey's End Restaurant
-
Wild Bill's Buffalo Wings Restaurant
-
Spray Tan Colorado Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Mookedeville LLC · 1 yrs held
Mookedeville LLC
since 2025
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
CC · Palmer Lake, 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 Palmer Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer Lake 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
$735,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $750k (May 12 2025)
Last sale anchor
$750k
May 12 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
$273 / 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
$14,730
Tax year 2023
Assessed value
$218,720
Assessed 2023
Previous assessed
$218,720
+0.0% YoY
Effective rate
6.73%
On assessed value
Assessed land
$14,750
Assessed improvement
$203,970
Land market value
$52,865
Improvement market value
$731,091
Total market value
$783,956
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1995
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,715 SF
Lot
0.22 ac (9,700 SF)
Zoning code
CC
APN
7105125002
UPID
US13-0796211
Jurisdiction
EL PASO
Zoning & alternative use
CC · Palmer Lake, CO
Zoning CC · permitted uses
CC · Palmer Lake, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmer Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Mookedeville LLC
Entity
Mailing address
7090 BURGESS RD, COLORADO SPRINGS, CO 80908-4018
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
$750,000
Mookedeville LLC
Ccc Real Estate Holding Co LLC
Special Warranty Deed
$400,000 · Weinberg Servicing LLC
Mar 10, 2022
$1,075,000
Under The Rose INC
Palmer Lake Express Ltd
Warranty Deed
$1,200,000 · Newtek Small Business Finance LLC
Aug 8, 2018
—
Verizon Wireless
Palmer Lake Express Ltd
Grant Deed
related
—
—
—
Palmer Lake Express Ltd
—
Deed Of Trust
related
$125,000 · First National Bank Las Animas
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 11 Primrose St?
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.
