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Property profile & analytics
FOR SALE
Turn key restaurants
2925 West Colorado Ave Colorado Springs, CO 80904
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0893421
For Sale
1 / 15
$2,200,000
2925 West Colorado Ave, Colorado Springs, CO 80904
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,494 SF
Lot
0.83 ac (36,000 SF)
Zoning code
C5 HS
APN
7410104027
UPID
US13-0893421
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
-
Felipe's 109 Restaurant
-
Trails End Taproom and Eatery Restaurant
-
The Chip Monk Windshield repair LLC Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.68M
Owner & transaction history
Henrys Station LLC · 4 yrs held
Henrys Station LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
C5 HS · 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
$1,575,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,965,000
Current use
COMMERCIAL (GENERAL)
$1,730,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±10% · vs last sale $1.70M (May 2 2022)
Last sale anchor
$1.70M
May 2 2022
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
$374 / 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
$10,013
Tax year 2023
Assessed value
$191,140
Assessed 2023
Previous assessed
$191,140
+0.0% YoY
Effective rate
5.24%
On assessed value
Assessed land
$75,330
Assessed improvement
$115,810
Land market value
$270,000
Improvement market value
$415,074
Total market value
$685,074
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
For Sale
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,494 SF
Lot
0.83 ac (36,000 SF)
Zoning code
C5 HS
APN
7410104027
UPID
US13-0893421
Jurisdiction
EL PASO
Zoning & alternative use
C5 HS · Colorado Springs, CO
Zoning C5 HS · permitted uses
C5 HS · 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
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT Current
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Henrys Station LLC
Entity
Mailing address
252 FRNT ST, MONUMENT, CO 80132-9136
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
—
Henrys Station LLC
—
Deed
related
$1,500,000 · M J A R Corp
May 2, 2022
$1,700,000
Henrys Station LLC
M J A R Corp
Special Warranty Deed
$1,500,000 · M J A R Corp
Dec 20, 2011
—
M J A R Corp
—
Trustees Deed
related
$100,000 · Phillips-yauger LLC
Aug 25, 1999
—
M J A R Corp
Xtd Restaurant Mgmt Ltd
Grant Deed
$181,268 · Citadel Bank
—
—
M J A R Corp
—
Deed Of Trust
related
$80,000 · F Jeff Yauger
—
—
M J A R Corp
—
Deed Of Trust
related
$100,000 · Dorothy S Phillips
—
—
Mjar Corp
—
Deed Of Trust
related
$620,000 · Citadel Bank
—
—
Mjar Corp
—
Deed Of Trust
related
$50,000 · Stanley Wolf
—
—
Mjar Corp
—
Deed Of Trust
related
$50,000 · Frank J Yauger
—
—
Mjar Corp
—
Deed Of Trust
related
—
—
—
M J A R Corp
—
Deed Of Trust
related
$106,732 · Pikes Peak National Bank
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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