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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Turn key restaurants
3043 Pike Peak Ave Colorado Springs, CO 80904-2120
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1019437
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1909
Construction
WOOD FRAME
Total area
1,286 SF
Lot
0.16 ac (7,134 SF)
Zoning code
C5
APN
7410102010
UPID
US13-1019437
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
-
James Black Credit Repair Colorado Springs CO Financial Advisor
-
WestFax Springs Production Facility Brewery & Distillery
-
Weldwerks Brewing and Taproom (Under Construction) Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$327k
Blend (final)
Blend
$540k
Owner & transaction history
Westfax Holdings LLC · 3 yrs held
Westfax Holdings LLC
since 2022
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
C5 · 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
$510,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$565,000
Current use
COMMERCIAL (GENERAL)
$495,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $550k (Nov 30 2022)
Last sale anchor
$550k
Nov 30 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
$420 / 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
Assessed value
$21,460
Assessed 2023
Previous assessed
$21,460
+0.0% YoY
Assessed land
$13,040
Assessed improvement
$8,420
Land market value
$46,728
Improvement market value
$30,177
Total market value
$76,905
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
1909
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
YES
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
1,286 SF
Lot
0.16 ac (7,134 SF)
Zoning code
C5
APN
7410102010
UPID
US13-1019437
Jurisdiction
EL PASO
Zoning & alternative use
C5 · Colorado Springs, CO
Zoning C5 · permitted uses
C5 · 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
$565,000
COMMERCIAL (GENERAL)
Est. value
$495,000
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
1909
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Westfax Holdings LLC
Entity
Mailing address
6733 W COLFAX AVE, LAKEWOOD, CO 80214-1807
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$550,000
Westfax Holdings LLC
Weldwerks Properties And Holdings L
Special Warranty Deed
$1,848,000 · Midwest Regional Bank
Dec 9, 2021
—
Weldwerks Properties And Holdings L
—
Deed
related
$1,100,000 · Bank Of Colorado
Oct 20, 2021
—
Weldwerks Properties And Holdings L
—
Deed
related
$368,218 · Bank Of Colorado
Mar 19, 2019
$270,000
Weldwerks Properties And Holdings L
My Family Legacy LLC
Warranty Deed
—
Mar 19, 2019
—
My Family Legacy LLC
B Times Three LLC
Correction Deed
related
—
Mar 28, 2014
—
My Family Legacy LLC
B Times Three LLC
Quit Claim Deed
related
—
Feb 11, 2005
—
B Times Three LLC
Banuelos Mary Trust
Quit Claim Deed
related
—
Mar 18, 2004
—
Banuelos Mary Trust
Banuelos,rudolph V
Quit Claim Deed
related
—
—
—
B Times Three LLC
—
Deed Of Trust
related
$36,819 · Rudolph D Banuelos
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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