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    Property profile & analytics

    16 Walnut St Colorado Springs, CO 80905-1537

    • Turn key restaurants
    • 3,596 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Last Sale
    May 03, 2021
    $550,000
    Location Intelligence
    Property ID
    US13-0779606
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Western Omelette (Original Est. 1992) / Brunch Restaurant / American Restaurant

    Property Details for 16 Walnut St

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.59 lot acres
    Property size
    3,596 SF
    Zone code
    C6
    Property type
    Turn key restaurants
    APN
    7413125024
    APU
    7413125024

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $520,000

    • CAP approach

      CAP return
      Estimation
      6%
      $625,000
      6.5%
      $620,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $680,000
      Geo Method
      $520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $615,000
      Retail
      $640,000
      Mixed-Use
      $675,000
      Hospitality
      $545,000
      Educational
      $585,000
      Residential Income
      $505,000
      Energy
      $655,000
      Income-Based Land
      $580,000
      Food Service
      $625,000

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.835
    Latitude
    38.8338
    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
    $6,345
    $37,740
    $82,680
    $120,420
    -
    $135,256
    $296,338
    $431,594

    Comparable in this City

    • Value Estimation by Request
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      $1,180,000
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      1430 Harrison Rd

      RESTAURANT • 5,404 SF
      1430 Harrison Rd, Colorado Springs, CO 80905-4002
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    • Value Estimation
      $920,000
      4,158 SF

      925 8th St

      RESTAURANT • 4,158 SF
      925 8th St, Colorado Springs, CO 80905-7318
      View Details
    • Value Estimation
      $1,435,000
      3,851 SF

      315 Bijou St

      RESTAURANT • 3,851 SF
      315 Bijou St, Colorado Springs, CO 80905-1306
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    • Value Estimation
      $360,000
      3,032 SF

      631 Ramona Ave

      RESTAURANT • 3,032 SF
      631 Ramona Ave, Colorado Springs, CO 80905
      View Details
    • Value Estimation
      $310,000
      5,600 SF

      34 Ramona Ave

      RESTAURANT • 5,600 SF
      34 Ramona Ave, Colorado Springs, CO 80905-2210
      View Details

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    Similar Nearby for Lease

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      Retail space with high visibility and strong demographics.
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    16 Walnut St
    Colorado Springs, CO 80905-1537
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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