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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Drive through restaurants
1802 Platte Ave Colorado Springs, CO 80909-5722
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-2535394
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2008
Construction
WOOD FRAME
Total area
288 SF
Lot
0.27 ac (11,736 SF)
Zoning code
C5
APN
6416206017
UPID
US13-2535394
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
-
Dutch Bros Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Boersma Bros LLC · 2 yrs held
Boersma Bros LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
C5 · 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
Method
Estimation
Statistic approach
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jan 22 2024)
Last sale anchor
$550k
Jan 22 2024
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
$1,910 / 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
$2,802
Tax year 2023
Assessed value
$56,240
Assessed 2023
Previous assessed
$56,240
+0.0% YoY
Effective rate
4.98%
On assessed value
Assessed land
$50,750
Assessed improvement
$5,490
Land market value
$181,908
Improvement market value
$19,670
Total market value
$201,578
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
288 SF
Lot
0.27 ac (11,736 SF)
Zoning code
C5
APN
6416206017
UPID
US13-2535394
Jurisdiction
EL PASO
Zoning & alternative use
C5 · Colorado Springs, COZoning C5 · permitted uses
C5 · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Boersma Bros LLC
Entity
Free & Clear · 2 yrs held
Mailing address
110 SW 4TH ST, GRANTS PASS, OR 97526-2475
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2024
$550,000
Boersma Bros LLC
Jack And Barbara J Boersma Restated
Special Warranty Deed
—
May 29, 2015
$550,000
Boersma,jack & Barbara J Trust
Boersma Bros LLC
Grant Deed
—
Apr 23, 2014
—
Boersma Bros LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Mar 29, 2010
—
Nob Hill Colorado Springs LLC
Colorado Dutch LLC
Quit Claim Deed
related
—
Feb 24, 2010
—
Colorado Dutch LLC
Knob Hill LLC
Quit Claim Deed
related
—
Jun 12, 2008
—
Knob Hill LLC
Colorado Dutch LLC
Quit Claim Deed
related
—
Apr 17, 2008
$350,000
Colorado Dutch LLC
Ssm LLC
Warranty Deed
—
Aug 1, 2007
—
Ssm LLC
Ssm LLC
Quit Claim Deed
related
—
Nov 14, 2005
—
Ssm LLC
Pollock,steven A & Zena L
Quit Claim Deed
related
—
Mar 25, 2004
—
Steve A Pollock
Pollock,steve A
Quit Claim Deed
related
$478,650 · First Community Bank
Jun 6, 2001
$318,000
Steven A Pollock
Styrczula,john
Grant Deed
$41,174 · John
Apr 24, 1998
—
G H G & K Ltd
Gore,nolan R & Irlene R
Grant Deed
related
—
—
—
John Styrczula
—
Deed Of Trust
related
$25,000 · Individual
—
—
Steven A Pollock
—
Deed Of Trust
related
$161,000 · Mcafee Mtg & Investment Co
—
—
Steven A Pollock
—
Deed Of Trust
related
$175,000 · Mcafee Mtg & Investment Co
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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