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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Turn key restaurants
2910 Platte Ave Colorado Springs, CO 80909-6241
Trust Owned
7-yr Hold
Free & Clear
Property ID
US13-0580369
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Construction
WOOD FRAME
Total area
12,015 SF
Lot
2.34 ac (101,930 SF)
Zoning code
C6
APN
6410324005
UPID
US13-0580369
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
-
Fargo's Pizza Co. Restaurant
-
Gardner Distributors Inc Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$740k
Owner & transaction history
Lavin Family Living Trust · 7 yrs held
Lavin Family Living Trust
since 2019
4 recorded transactions
Zoning & alternative use
C6 · 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
by Request
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±10%
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
$62 / 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
$29,952
Tax year 2023
Assessed value
$555,050
Assessed 2023
Previous assessed
$555,050
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$264,480
Assessed improvement
$290,570
Land market value
$947,949
Improvement market value
$1,041,463
Total market value
$1,989,412
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
1972
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
12,015 SF
Lot
2.34 ac (101,930 SF)
Zoning code
C6
APN
6410324005
UPID
US13-0580369
Jurisdiction
EL PASO
Zoning & alternative use
C6 · Colorado Springs, CO
Zoning C6 · permitted uses
C6 · 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
1972
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
2.34 ac
Current owner
From public records · entity-resolved
Lavin Family Living Trust
Trust
Free & Clear · 7 yrs held
Mailing address
2910 E PLATTE AVE, COLORADO SPRINGS, CO 80909-6241
Ownership since
2019
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
May 16, 2019
—
Lavin Family Living Trust
Lavin,paula
Quit Claim Deed
related
—
Sep 26, 2016
—
Paula Lavin
Gardner Living Trust
Quit Claim Deed
related
—
Aug 19, 2016
—
Paula Lavin
Gardner Living Trust
Quit Claim Deed
related
—
Jun 6, 2011
—
Gardner Living Trust
Gardner,leonal P & Barbara L
Quit Claim Deed
related
—
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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