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Property profile & analytics
FOR SALE
Turn key restaurants
14275 S State Highway 115 Colorado Springs, CO 80926
Individually Owned
7-yr Hold
Free & Clear
Property ID
US13-0072127
For Sale
1 / 33
$1,800,000
14275 S State Highway 115, Colorado Springs, CO 80926
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Property summary
AI-generated overview
This exceptional 6,027-square-foot former event center presents a unique investment opportunity in Colorado Springs, Colorado. Situated on a spacious 7.52-acre lot, this single-tenant property offers significant potential for redevelopment or repurposing. Built in 1973 and extensively renovated in 2022, the building boasts a single story with ample parking for 40 vehicles. The property is zoned CR (Commercial Regional), allowing for a variety of commercial uses. The expansive lot size provides significant flexibility for future expansion or development. The address is 14275 S. State Hwy 115, Colorado Springs, CO 80926, within El Paso County. The property's convenient location and substantial size make it an ideal candidate for a wide range of commercial ventures. The building's recent renovation ensures it's ready for immediate occupancy, minimizing upfront investment costs. With its generous parking and flexible zoning, this property is poised for success. The parcel number is 76000-00-096. The entire 6,027 square feet is currently vacant, providing a blank canvas for your vision. This is a rare opportunity to acquire a significant commercial property in a desirable Colorado Springs location.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1973
Construction
WOOD FRAME
Total area
6,027 SF
Lot
7.52 ac (327,571 SF)
Zoning code
CR
APN
7600000096
UPID
US13-0072127
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
J Michael · 7 yrs held
J Michael
since 2019
7 recorded transactions
Zoning & alternative use
CR · 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
$6,473
Tax year 2023
Assessed value
$126,110
Assessed 2023
Previous assessed
$126,110
+0.0% YoY
Effective rate
5.13%
On assessed value
Assessed land
$38,380
Assessed improvement
$87,730
Land market value
$137,580
Improvement market value
$314,445
Total market value
$452,025
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
For Sale
Year built
1973
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Rooms
5
Bathrooms
2
Total area
6,027 SF
Lot
7.52 ac (327,571 SF)
Zoning code
CR
APN
7600000096
UPID
US13-0072127
Jurisdiction
EL PASO
Zoning & alternative use
CR · Colorado Springs, CO
Zoning CR · permitted uses
CR · 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
1973
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
7.52 ac
Current owner
From public records · entity-resolved
J Michael
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 38036, COLORADO SPRINGS, CO 80937-8036
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2019
$400,000
J Michael
Diaz Ents LLC
Warranty Deed
—
May 24, 2019
—
J Michael Turley
Diaz Ents LLC
Quit Claim Deed
related
—
Apr 13, 2011
—
Diaz Ents LLC
Diaz,victor A & Roxana
Quit Claim Deed
related
—
Jan 18, 2011
$350,000
Victor A Diaz
Mp Hayutin LLC
Grant Deed
—
Jan 18, 2011
—
Victor A Diaz
Mp Hayutin LLC
Quit Claim Deed
related
$300,000 · Private Lender
Jan 29, 2010
—
Mp Hayutin LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Jan 7, 2010
$475,000
Ross Ranch & Retreat Center Ll
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$500,000
Mar 27, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Aug 18, 2004
$760,000
Ross Ranch & Retreat LLC
Stonewall Ents INC
Warranty Deed
$500,000 · Private Lender
Apr 27, 1998
$250,000
Stonewall Enterprises INC
Weaver,ben L
Grant Deed
$4,888 · First State Bank
—
—
Diaz,victor A & Roxana
—
Loan Modification
related
$286,242 · Lender Private Party
—
—
Stonewall Enterprises INC
—
Deed Of Trust
related
$210,000 · First State Bank
—
—
Stonewall Enterprises
—
Deed Of Trust
related
$284,454 · First State 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.
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