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Property profile & analytics
OFF-MARKET Estimated value $685,000
Turn key restaurants

2817 Nevada Ave Colorado Springs, CO 80907-6222

4,296 SF 0.87 ac lot Built 1939
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US13-0114522
Property summary
AI-generated overview

This exceptional restaurant opportunity is located at 2817 N Nevada Ave in Colorado Springs, Colorado, within the highly desirable 80907 zip code. The property boasts a spacious 5,500 square foot building situated on a substantial 37,970 square foot lot, offering ample space for both indoor and outdoor dining or expansion. Built in 1939, the property includes two buildings and provides 74 parking spaces, ensuring convenient access for patrons. The asking price is $999,500, translating to $262.73 per square foot. The property benefits from a C6 NN0 permitted zoning classification and enjoys excellent visibility and accessibility from Nevada Avenue, a major north-south thoroughfare in Colorado Springs. Its strategic location offers close proximity to thriving retail developments, including Vasa Fitness and Roadhouse Cinema, and provides easy access to downtown Colorado Springs and Interstate 25, ensuring high traffic volume and visibility. The existing infrastructure includes a robust 1 1/2 inch water service, a 1 1/4 inch gas service, and a 120/480 electrical service, providing a solid foundation for a new restaurant concept. This vacant property presents a unique chance to establish a successful restaurant business in a prime Colorado Springs location. The property's size, parking, and location combine to create a compelling investment opportunity.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1939
Construction WOOD FRAME
Total area 4,296 SF
Lot 0.87 ac (37,970 SF)
Zoning code C6 NNA
APN 6331409018
UPID US13-0114522
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
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$685k
Owner & transaction history
Rocky Ocean Properties 2 LLC · 1 yrs held
Rocky Ocean Properties 2 LLC
since 2025
Last sale
$700,000
7 recorded transactions
2025
$700,000
2019
Price N/A
2010
$425,000
2008
Price N/A
2006
$598,000
2001
$525,000
1969
Price N/A
Zoning & alternative use
C6 NNA · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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