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Property profile & analytics
OFF-MARKET
Turn key restaurants
215 Main St Longmont, CO 80501-5914
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US13-0774280
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1967
Construction
CONCRETE BLOCKS
Total area
3,744 SF
Lot
0.5 ac (21,824 SF)
Zoning code
2134
APN
1315-03-3-13-017
UPID
US13-0774280
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
-
Santiago's Mexican Restaurant Restaurant
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
Abc Morales Enterprise LLC · 15 yrs held
Abc Morales Enterprise LLC
since 2011
7 recorded transactions
Zoning & alternative use
2134 · Longmont, 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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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
$26,940
Tax year 2023
Assessed value
$279,530
Assessed 2023
Previous assessed
$227,215
+23.0% YoY
Effective rate
9.64%
On assessed value
Assessed land
$151,692
Assessed improvement
$127,838
Land market value
$543,700
Improvement market value
$458,200
Total market value
$1,001,900
Applied tax rate
1,018.0000
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
1967
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
3,744 SF
Lot
0.5 ac (21,824 SF)
Zoning code
2134
APN
1315-03-3-13-017
UPID
US13-0774280
Jurisdiction
BOULDER
Zoning & alternative use
2134 · Longmont, COZoning 2134 · permitted uses
2134 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Abc Morales Enterprise LLC
Entity
Mailing address
2132 MEADOWLARK PL, LONGMONT, CO 80504-6258
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2011
$569,000
Abc Morales Enterprise LLC
Maria Del Rosario Cervantes
Warranty Deed
$397,386 · Firstbank
Jan 25, 2011
—
Maria D Cervantes
Cervantes,rene & Maria D
Quit Claim Deed
related
—
—
—
Abc Morales Ent LLC
—
Deed Of Trust
related
$308,831 · Firstbank NA
—
—
Rene Cervantes
—
Deed Of Trust
related
$100,000 · Horizon Bank
—
—
Rene Cervantes
—
Deed Of Trust
related
$150,000 · Horizon National Bank
—
—
Rene Cervantes
—
Deed Of Trust
related
$800,000 · Horizon National Bank
—
—
Colorado Lending Source Ltd C
—
Deed Of Trust
related
$397,386 · Firstbank NA
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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