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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Drive through restaurants
2122 Colfax Ave Denver, CO 80206-1319
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US13-1027660
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1989
Construction
WOOD
Total area
2,737 SF
Lot
0.43 ac (18,700 SF)
Zoning code
G-MS-5
APN
05021-02-013-000
UPID
US13-1027660
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
-
Popeyes Louisiana Kitchen Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$565k
Owner & transaction history
Hz Props Co LLC · 11 yrs held
Hz Props Co LLC
since 2015
6 recorded transactions
Zoning & alternative use
G-MS-5 · Denver, 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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$206 / 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
$42,702
Tax year 2023
Assessed value
$487,550
Assessed 2023
Previous assessed
$461,250
+5.7% YoY
Effective rate
8.76%
On assessed value
Assessed land
$487,270
Assessed improvement
$280
Land market value
$1,776,500
Improvement market value
$1,000
Total market value
$1,777,500
Applied tax rate
188.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
9
Bathrooms
2
Total area
2,737 SF
Lot
0.43 ac (18,700 SF)
Zoning code
G-MS-5
APN
05021-02-013-000
UPID
US13-1027660
Jurisdiction
DENVER
Zoning & alternative use
G-MS-5 · Denver, CO
Zoning G-MS-5 · permitted uses
G-MS-5 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
9
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Hz Props Co LLC
Entity
Mailing address
4415 HWY 6TH 6, SUGAR LAND, TX 77478-4476
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2018
—
Hz Props Re Ltd
—
Grant Deed
related
$192,000,000 · Cadence Bk NA
Jun 1, 2016
—
Hz Props Co LLC
—
Deed
related
$235,000,000 · Ge Cap Franchise Fin
Mar 25, 2015
$800,000
Hz Props Co LLC
Redmond Sherry & B E Trust
Grant Deed
—
Mar 25, 2015
—
Burchfield,elverna Living Trust
Burchfield Elverna
Quit Claim Deed
related
—
—
—
Hz Props Co LLC
—
Deed Of Trust
related
$85,000 · General Elec Cap
—
—
Hz Props Co LLC
—
Deed Of Trust
related
$235,000,000 · Ge Cap Franchise 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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