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Property profile & analytics
OFF-MARKET
Turn key restaurants
178 Crystal Park Rd Manitou Springs, CO 80829-2614
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US13-0720193
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1937
Construction
WOOD FRAME
Total area
1,512 SF
Lot
0.29 ac (12,710 SF)
Zoning code
LDR
APN
7409203021
UPID
US13-0720193
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
Masias & Masias Investment LLC · 26 yrs held
Masias & Masias Investment LLC
since 1999
7 recorded transactions
Zoning & alternative use
LDR · Manitou 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 Manitou Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitou 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
$2,626
Tax year 2023
Assessed value
$44,980
Assessed 2023
Previous assessed
$44,980
+0.0% YoY
Effective rate
5.84%
On assessed value
Assessed land
$16,490
Assessed improvement
$28,490
Land market value
$59,102
Improvement market value
$102,100
Total market value
$161,202
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
1937
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Total area
1,512 SF
Lot
0.29 ac (12,710 SF)
Zoning code
LDR
APN
7409203021
UPID
US13-0720193
Jurisdiction
EL PASO
Zoning & alternative use
LDR · Manitou Springs, CO
Zoning LDR · permitted uses
LDR · Manitou Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manitou Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1937
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Masias & Masias Investment LLC
Entity
Mailing address
178 CRYSTAL PARK RD, MANITOU SPRINGS, CO 80829-2614
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
Crystal Park Cantina LLC
—
Deed
related
$460,000 · Grinnell State Bank
Aug 12, 2016
—
Crystal Park Cantina LLC
—
Deed
related
$190,000 · Vectra Bk/co
Jul 29, 1999
$90,000
Masias & Masias Investment LLC
Masias,benjamin & Glen A
Quit Claim Deed
related
—
—
—
Benjamin Masias
—
Deed Of Trust
related
$144,300 · Western National Bank Colorado
—
—
Crystal Park Cantina LLC
—
Deed Of Trust
related
$150,000 · Susan Pisaneschi
—
—
Benjamin Masias
—
Deed Of Trust
related
$144,300 · Western National Bank Colorado
—
—
Crystal Park Cantina LLC
—
Deed Of Trust
related
$182,323 · Vectra Bank Colorado NA
—
—
Crystal Park Cantina LLC
—
Deed Of Trust
related
$190,000 · Vectra Bk/co
—
—
Crystal Park Cantina LLC
—
Deed Of Trust
related
$131,000 · Pikes Peak Regional Dev Corp
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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