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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Turn key restaurants
2165 Academy Pl Colorado Springs, CO 80909
Entity Owned
6-yr Hold
Free & Clear
Property ID
US13-0320507
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1982
Construction
WOOD FRAME
Total area
10,784 SF
Lot
2.46 ac (107,158 SF)
Zoning code
OC
APN
6402219036
UPID
US13-0320507
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
-
BC’s Barbecue 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
$545k
Owner & transaction history
2165 Academy Place LLC · 6 yrs held
2165 Academy Place LLC
since 2019
7 recorded transactions
Zoning & alternative use
OC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$51 / 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
$12,363
Tax year 2023
Assessed value
$234,010
Assessed 2023
Previous assessed
$234,010
+0.0% YoY
Effective rate
5.28%
On assessed value
Assessed land
$171,910
Assessed improvement
$62,100
Land market value
$616,153
Improvement market value
$222,567
Total market value
$838,720
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
1982
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
10,784 SF
Lot
2.46 ac (107,158 SF)
Zoning code
OC
APN
6402219036
UPID
US13-0320507
Jurisdiction
EL PASO
Zoning & alternative use
OC · Colorado Springs, CO
Zoning OC · permitted uses
OC · 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
1982
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
2165 Academy Place LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2375 N ACADEMY BLVD STE #200, COLORADO SPRINGS, CO 80909-1502
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
—
2165 Academy Place LLC
Ansari,reza
Quit Claim Deed
related
—
Feb 11, 2016
—
Reza Ansari
Deputy Public Te Of El Paso Cnty|c & S Food Servic
Trustees Deed
related
—
Jan 28, 2016
$530,000
C & S Food Services LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$785,000
May 28, 2010
$700,000
C & S Food Services LLC
Guaranty Bank & Trust Company
Special Warranty Deed
$785,000 · American Business Lending INC
Feb 26, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 29, 2009
—
Guaranty Bank & Trust Co
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Jun 4, 2009
$979,144
Pikes Peak Restaurant LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$950,000
Mar 28, 2005
—
Pikes Peak Restaurant LLC
—
Trustees Deed
related
$276,800 · Pearson Horowitz Poskus & Burn
Aug 14, 1998
$1,125,000
Pikes Peak Restaurant LLC
Chi-chis Of Colorado Springs
Grant Deed
—
—
—
Pikes Peak Restaurant LLC
—
Deed Of Trust
related
$800,000 · Enterprise Bank
—
—
Pikes Peak Restaurant LLC
—
Deed Of Trust
related
$325,000 · Guaranty Bank
—
—
Pikes Peak Restaurant LLC
—
Deed Of Trust
related
$950,000 · Guaranty Bank & Trust 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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