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Property profile & analytics
OFF-MARKET
Turn key restaurants
17 Rio Grande St Colorado Springs, CO 80903-4011
Individually Owned
5-yr Hold
Property ID
US13-1715630
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1899
Construction
WOOD FRAME
Total area
865 SF
Lot
0.1 ac (4,400 SF)
Zoning code
R2
APN
6419203006
UPID
US13-1715630
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
West Dexters Ltd · 5 yrs held
West Dexters Ltd
since 2020
Last sale
$215,000
4 recorded transactions
Zoning & alternative use
R2 · 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
Assessed value
$27,610
Assessed 2023
Previous assessed
$27,610
+0.0% YoY
Assessed land
$11,540
Assessed improvement
$16,070
Land market value
$41,360
Improvement market value
$57,661
Total market value
$99,021
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1899
Construction
WOOD FRAME
Heating
ELECTRIC
Buildings
2
Stories
1
Rooms
3
Bathrooms
1
Total area
865 SF
Lot
0.1 ac (4,400 SF)
Zoning code
R2
APN
6419203006
UPID
US13-1715630
Jurisdiction
EL PASO
Zoning & alternative use
R2 · Colorado Springs, CO
Zoning R2 · permitted uses
R2 · 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
1899
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
1
Buildings
2
Rooms
3
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
West Dexters Ltd
Individual
Mailing address
9570 MOHAWK TRL, CASCADE, CO 80809-1508
Ownership since
2020
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
Aug 28, 2020
$215,000
West Dexters Ltd
Alexius Ann Weston
Special Warranty Deed
$735,000 · Newtek Small Business Finance LLC
Aug 28, 2020
—
West Dexters Ltd
—
Deed
related
$735,000 · Newtek Small Busn Fin
Nov 22, 2010
$85,000
Alexius Ann Weston
Steven U Mullens
Warranty Deed
$63,750 · Mortgage Solutions Of Colorado LLC
—
—
West Dexters Ltd
—
Deed Of Trust
related
$735,000 · Newtek Small Busn Fin
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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