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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Bars & Pubs
2420 Main St 11 Littleton, CO 80120-1932
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0761399
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1952
Construction
CONCRETE BLOCKS
Total area
3,893 SF
Lot
0.15 ac (6,534 SF)
Zoning code
PUD
APN
2077-17-4-06-005
UPID
US13-0761399
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
-
Our lady of loreto church Church Mosque
-
TowPanda Towing SVC Auto Parts Store
-
PlayForge Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
The Alley Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.84M
Owner & transaction history
Hope Road Properties LLC · 3 yrs held
Hope Road Properties LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
PUD · Littleton, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+22.6%
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 Littleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Littleton 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
$1,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,200,000
Current use
COMMERCIAL (GENERAL)
$2,700,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,100,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±10% · vs last sale $1.88M (Feb 3 2023)
Last sale anchor
$1.88M
Feb 3 2023
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
$471 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$23,060
Tax year 2021
Assessed value
$259,749
Assessed 2023
Previous assessed
$234,320
+10.9% YoY
Effective rate
8.88%
On assessed value
Land market value
$323,400
Improvement market value
$637,600
Total market value
$961,000
Applied tax rate
900.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1952
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
9
Total area
3,893 SF
Lot
0.15 ac (6,534 SF)
Zoning code
PUD
APN
2077-17-4-06-005
UPID
US13-0761399
Jurisdiction
ARAPAHOE
Zoning & alternative use
PUD · Littleton, COZoning PUD · permitted uses
PUD · Littleton, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1952
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
9
Lot
0.15 ac
Current owner
From public records · entity-resolved
Hope Road Properties LLC
Entity
Mailing address
2420 W MAIN ST STE #110, LITTLETON, CO 80120-1938
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
$1,875,000
Hope Road Properties LLC
2420 Main Street LLC
Special Warranty Deed
$1,312,500 · Alpine Bank
Nov 17, 2020
—
2420 Main Street LLC
—
Deed
related
$79,987 · Firstbank
Feb 24, 2017
—
2420 Main Street LLC
—
Deed
related
$284,000 · Colorado Lndg Source
Apr 26, 2016
$975,000
2420 Main Street LLC
Zaiger & Welch Invs I LLC
Warranty Deed
$887,000 · Firstbank
Jun 5, 2015
$875,000
Zaiger & Welch Investments I LLC
Joseph M Trujillo
Special Warranty Deed
—
—
—
2420 Main Street LLC
—
Deed Of Trust
related
$887,000 · Firstbank
—
—
2420 Main Street LLC
—
Deed Of Trust
related
$284,000 · Colorado Lndg Source
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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