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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Bars & Pubs
2323 Gdn Of The Gods Rd Colorado Springs, CO 80907-3417
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-2553569
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2020
Construction
STEEL FRAME
Total area
4,464 SF
Lot
2.47 ac (107,593 SF)
Zoning code
PIP1 HS
APN
7327102002
UPID
US13-2553569
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
-
Chef Bob’s Lobstah Trap Restaurant
-
Red Leg Brewing Company Production Facility Brewery & Distillery
-
Oliver's Deli Cafe & Coffee Shop
-
Sasquatch Cookies Bakery Specialty Food Shop
-
Criterium Bike Rentals at Red Leg Brewing Cycling Facility (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.38M
Owner & transaction history
View Properties LLC · 7 yrs held
View Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
PIP1 HS · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,955,000
Current use
COMMERCIAL (GENERAL)
$1,715,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$308 / 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
Assessed value
$647,610
Assessed 2023
Previous assessed
$647,610
+0.0% YoY
Assessed land
$249,150
Assessed improvement
$398,460
Land market value
$893,022
Improvement market value
$1,428,185
Total market value
$2,321,207
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,464 SF
Lot
2.47 ac (107,593 SF)
Zoning code
PIP1 HS
APN
7327102002
UPID
US13-2553569
Jurisdiction
EL PASO
Zoning & alternative use
PIP1 HS · Colorado Springs, CO
Zoning PIP1 HS · permitted uses
PIP1 HS · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
View Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2323 GDN OF THE GODS RD, COLORADO SPRINGS, CO 80907-3417
Ownership since
2018
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
Jul 29, 2021
—
View Properties LLC
—
Deed
related
$3,325,000 · Colorado Lending Source Ltd
Aug 7, 2020
—
Todd M Baldwin
—
Deed
related
$3,655,000 · Other Institutional Lenders
Dec 31, 2019
—
View Properties LLC
—
Deed
related
$2,905,000 · Lincoln Capital Management LLC Lincoln Capital Management LLC
Oct 5, 2018
$750,000
View Properties LLC
Richert,john
Grant Deed
—
Sep 30, 2010
—
Mckenna Properties LLC
Gallagher,steve
Grant Deed
—
Jan 22, 2007
$175,255
John Richert
Gallagher,steve
Grant Deed
—
Aug 31, 2006
$340,000
Steve Gallagher
Araujo-mcmillan LLC
Grant Deed
—
Jul 12, 2000
$501,800
Araujo-mcmillan LLC
Elite Properties
Grant Deed
—
—
—
View Properties LLC
—
Deed Of Trust
related
$3,655,000 · Lincolin Capital Management LLC Lincolin Capital Management LLC
—
—
View Properties LLC
—
Deed Of Trust
related
$2,905,000 · Lincoln Capital Management LLC Lincoln Capital Management LLC
—
—
Todd M Baldwin
—
Loan Modification
related
$3,655,000 · Other Institutional Lenders
—
—
Todd M Baldwin
—
Loan Modification
related
$2,905,000 · Other Institutional Lenders
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.
Try Rey
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