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Property profile & analytics
OFF-MARKET
Turn key restaurants
206 Aspen Ave Fruita, CO 81521-2206
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0085847
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1925
Construction
WOOD
Total area
2,420 SF
Lot
0.07 ac (3,150 SF)
Zoning code
DCRD
APN
2697-172-23-001
UPID
US13-0085847
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
J J & K Properties LLC · 1 yrs held
J J & K Properties LLC
since 2024
Last sale
$677,265
7 recorded transactions
Zoning & alternative use
DCRD · Fruita, CO
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 Fruita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fruita 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
$8,690
Tax year 2023
Assessed value
$106,530
Assessed 2023
Previous assessed
$81,990
+29.9% YoY
Effective rate
8.16%
On assessed value
Assessed land
$19,330
Assessed improvement
$87,200
Land market value
$69,300
Improvement market value
$312,550
Total market value
$381,850
Applied tax rate
11,600.0000
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
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Bathrooms
2
Total area
2,420 SF
Lot
0.07 ac (3,150 SF)
Zoning code
DCRD
APN
2697-172-23-001
UPID
US13-0085847
Jurisdiction
MESA
Zoning & alternative use
DCRD · Fruita, COZoning DCRD · permitted uses
DCRD · Fruita, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
municipal code
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
J J & K Properties LLC
Entity
Mailing address
206 E ASPEN AVE, FRUITA, CO 81521-2206
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
—
J J & K Properties LLC
—
Deed
related
$10,886 · Oak Star Bank
Aug 12, 2024
$677,265
J J & K Properties LLC
Camilla Nilsson Smith
Special Warranty Deed
$679,000 · Oakstar Bank NA
Mar 14, 2022
—
Camilla Nilsson Smith
Aaron B Smith
Intrafamily Transfer
related
$233,299 · Alpine Bank
Jun 6, 2018
—
Aaron B Smith
—
Deed
related
—
Jun 16, 2011
—
Aaron B Smith
—
Trustees Deed
related
$60,000 · Alpine Bank
Oct 10, 2006
$138,000
Aaron B Smith
Smith,michele M
Warranty Deed
related
$111,335 · Alpine Bank
Jan 10, 2005
$120,000
Michele M Smith
Vigil,steve J & Glenna M
Warranty Deed
$96,000 · Dowd Lawrence B Trust 006329
Oct 7, 2003
—
Steve J Vigil
Landman,steve & Anne
Grant Deed
$48,830 · Steve & Anne Landman
Feb 18, 2000
$22,500
Steve Landman
Martinez,amos D
Quit Claim Deed
related
—
—
—
Aaron B Smith
—
Deed Of Trust
related
—
—
—
Aaron B Smith
—
Deed Of Trust
related
$50,000 · Alpine Bank
—
—
Aaron B Smith
—
Deed Of Trust
related
$202,567 · Alpine Bank
—
—
Aaron B Smith
—
Deed Of Trust
related
—
—
—
Aaron B Smith
—
Loan Modification
related
—
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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