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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Turn key restaurants
1895 Democracy Pt Colorado Springs, CO 80908-5285
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2272703
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2021
Total area
12,834 SF
Lot
0.62 ac (26,938 SF)
Zoning code
PUD
APN
6220401004
UPID
US13-2272703
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
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$680k
Owner & transaction history
Cr Victory Ridge Parcel 7 LLC · 7 yrs held
Cr Victory Ridge Parcel 7 LLC
since 2019
4 recorded transactions
Zoning & alternative use
PUD · 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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±10%
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
$53 / 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
$38,041
Tax year 2023
Assessed value
$286,270
Assessed 2023
Previous assessed
$286,270
+0.0% YoY
Effective rate
13.29%
On assessed value
Assessed land
$172,860
Assessed improvement
$113,410
Land market value
$619,574
Improvement market value
$406,472
Total market value
$1,026,046
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
2021
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Total area
12,834 SF
Lot
0.62 ac (26,938 SF)
Zoning code
PUD
APN
6220401004
UPID
US13-2272703
Jurisdiction
EL PASO
Zoning & alternative use
PUD · Colorado Springs, CO
Zoning PUD · permitted uses
PUD · 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
2021
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Cr Victory Ridge Parcel 7 LLC
Entity
Mailing address
12550 BRIDLE BIT RD, COLORADO SPRINGS, CO 80908-3262
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
—
Cr Victory Ridge Parcel 7 LLC
—
Deed
related
$4,200,000 · Bank Of The San Juans
Oct 8, 2021
—
Cr Victory Ridge Parcel 7 LLC
—
Deed
related
$3,200,000 · 5star Bank
Nov 7, 2019
—
Cr Victory Ridge Parcel 7 LLC
—
Trustees Deed
related
$464,600 · Five Star Bk
Feb 28, 2019
$619,574
Cr Victory Ridge Parcel 7 LLC
Interquest Westside LLC
Special Warranty Deed
$543,809 · Construction Loan Services LLC
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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