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Property profile & analytics
OFF-MARKET
Turn key restaurants
2332 Colorado Ave Colorado Springs, CO 80904-3327
Individually Owned
23-yr Hold
Property ID
US13-0040930
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1899
Construction
FRAME
Total area
1,640 SF
Lot
0.08 ac (3,660 SF)
Zoning code
C5
APN
7411301008
UPID
US13-0040930
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
-
Cucuru Gallery Lounge Restaurant
-
Public Restrooms Public Bathroom
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
Guillermo Alvarado · 23 yrs held
Guillermo Alvarado
since 2003
3 recorded transactions
Zoning & alternative use
C5 · 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
—
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
$1,200
Tax year 2023
Assessed value
$30,290
Assessed 2023
Previous assessed
$30,290
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$18,230
Assessed improvement
$12,060
Land market value
$65,331
Improvement market value
$43,209
Total market value
$108,540
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
1899
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
1,640 SF
Lot
0.08 ac (3,660 SF)
Zoning code
C5
APN
7411301008
UPID
US13-0040930
Jurisdiction
EL PASO
Zoning & alternative use
C5 · Colorado Springs, CO
Zoning C5 · permitted uses
C5 · 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
1899
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Guillermo Alvarado
Individual
Mailing address
2332 W COLORADO AVE, COLORADO SPRINGS, CO 80904-3327
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2003
$167,000
Guillermo Alvarado
Montijo,anna H
Grant Deed
$133,500 · Option One Mortgage Corp
Sep 5, 2001
$146,500
Anna H Montijo
Laura E Stockman Estate
Grant Deed
$131,850 · Classic Mortgage Co
—
—
Guillermo Alvarado
—
Deed Of Trust
related
$12,530 · Colorado Enterprise Fund
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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