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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Turn key restaurants
2905 Geyser Dr Colorado Springs, CO 80906-4039
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-2772853
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2010
Construction
WOOD FRAME
Total area
6,112 SF
Lot
1.97 ac (85,813 SF)
Zoning code
PBC UV
APN
6432103018
UPID
US13-2772853
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
-
Buffalo Wild Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.29M
Blend (final)
Blend
$2.71M
Owner & transaction history
Garnison Properties LLC · 5 yrs held
Garnison Properties LLC
since 2020
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
PBC UV · 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
Method
Estimation
Statistic approach
$2,775,000
ML approach
$2,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,675,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,495,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,350,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.34M (Aug 18 2020)
Last sale anchor
$2.34M
Aug 18 2020
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
$443 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$29,220
Tax year 2023
Assessed value
$577,540
Assessed 2023
Previous assessed
$577,540
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$337,580
Assessed improvement
$239,960
Land market value
$1,209,963
Improvement market value
$860,081
Total market value
$2,070,044
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
2010
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
6,112 SF
Lot
1.97 ac (85,813 SF)
Zoning code
PBC UV
APN
6432103018
UPID
US13-2772853
Jurisdiction
EL PASO
Zoning & alternative use
PBC UV · Colorado Springs, CO
Zoning PBC UV · permitted uses
PBC UV · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2010
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Garnison Properties LLC
Entity
Mailing address
1710 GRANGER AVE, LOS ALTOS, CA 94024-6712
Ownership since
2020
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
Aug 18, 2020
$2,337,841
Garnison Properties LLC
L L Ventures LLC
Grant Deed
—
Aug 25, 2010
$1,552,000
Ll Ventures LLC
Charter Santa Anna Partners LP
Grant Deed
—
Feb 23, 2010
—
Charter Santa Anna Partners LP
—
Trustees Deed
related
$783,498 · Compass Bank
Jun 29, 2009
—
Charter Santa Anna Partners
—
Trustees Deed
related
$783,498 · Compass Bank
Apr 26, 2005
$2,063,900
Charter Santa Anna Partners
Colorado Springs World Arena
Grant Deed
$1,880,000 · Texas State Bank
Apr 6, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Charter Santa Anna Partners LP
—
Deed Of Trust
related
$1,000,000 · Central Bank & Trust
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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