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Property profile & analytics
OFF-MARKET
Turn key restaurants
2540 10th Hl St Colorado Springs, CO 80906-3998
Entity Owned
16-yr Hold
Free & Clear
Property ID
US13-0345726
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Construction
WOOD FRAME
Total area
6,187 SF
Lot
1.68 ac (73,181 SF)
Zoning code
PBC
APN
6430409018
UPID
US13-0345726
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
Springsbon LLC · 16 yrs held
Springsbon LLC
since 2009
4 recorded transactions
Zoning & alternative use
PBC · 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
$19,479
Tax year 2023
Assessed value
$387,800
Assessed 2023
Previous assessed
$387,800
+0.0% YoY
Effective rate
5.02%
On assessed value
Assessed land
$288,900
Assessed improvement
$98,900
Land market value
$1,035,497
Improvement market value
$354,478
Total market value
$1,389,975
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
2000
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
6,187 SF
Lot
1.68 ac (73,181 SF)
Zoning code
PBC
APN
6430409018
UPID
US13-0345726
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, CO
Zoning PBC · permitted uses
PBC · 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
2000
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Springsbon LLC
Entity
Free & Clear · 16 yrs held
Mailing address
3720 SAN JACINTO ST, HOUSTON, TX 77004-3922
Ownership since
2009
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
Sep 28, 2009
$950,000
Springsbon LLC
Net Lease Funding 2005
Grant Deed
—
Mar 28, 2005
$2,097,700
Net Lease Funding 2005 LP
Cnl Income Fund Vii Ltd
Special Warranty Deed
—
Jan 13, 2000
$935,000
Cnl-bb Corp
Steak & Ale Of Colorad INC
Grant Deed
—
Aug 19, 1999
$935,000
Steak & Ale Of Colorado INC
Cheyennne Retail Partners LP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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