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Property profile & analytics
OFF-MARKET
Turn key restaurants
24 Hwy 105 Palmer Lake, CO 80133
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0848220
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1902
Construction
WOOD FRAME
Total area
1,378 SF
Lot
0.4 ac (17,413 SF)
Zoning code
CC
APN
7105309015
UPID
US13-0848220
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
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
Rock House Ice Cream Candy And More · 3 yrs held
Rock House Ice Cream Candy And More
since 2023
Last sale
$500,000
4 recorded transactions
Zoning & alternative use
CC · Palmer Lake, 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 Palmer Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer Lake 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
$2,284
Tax year 2023
Assessed value
$41,480
Assessed 2023
Previous assessed
$41,480
+0.0% YoY
Effective rate
5.51%
On assessed value
Assessed land
$21,620
Assessed improvement
$19,860
Land market value
$77,488
Improvement market value
$71,184
Total market value
$148,672
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1902
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Units
1
Rooms
8
Bathrooms
2
Total area
1,378 SF
Lot
0.4 ac (17,413 SF)
Zoning code
CC
APN
7105309015
UPID
US13-0848220
Jurisdiction
EL PASO
Zoning & alternative use
CC · Palmer Lake, CO
Zoning CC · permitted uses
CC · Palmer Lake, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmer Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1902
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Units
1
Rooms
8
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Rock House Ice Cream Candy And More
Individual
Mailing address
PO BOX 111, PALMER LAKE, CO 80133-0111
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
$500,000
Rock House Ice Cream Candy And More
Rock House Complex LLC
Special Warranty Deed
$475,000 · Rock House Complex LLC
Jun 23, 2010
—
Joan E Lavelett
Lavelett Joan Living Trust
Quit Claim Deed
related
—
Sep 16, 1999
—
Rock House Complex LLC
Lavelett,joan E
Quit Claim Deed
related
$86,000 · Seller
Sep 22, 1998
$147,500
Joan E Lavelett
Rupp,gerald J & Melanie L
Grant Deed
—
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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