Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Turn key restaurants
305 Ken Pratt Blvd Longmont, CO 80501-8992
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-2675744
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Construction
FRAME
Total area
2,369 SF
Lot
0.93 ac (40,598 SF)
Zoning code
2134
APN
1315-10-0-46-002
UPID
US13-2675744
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
-
Taco Palace Longmont Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.93M
Owner & transaction history
Black Diamond Resources LLC · 5 yrs held
Black Diamond Resources LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
2134 · Longmont, CO
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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
$2,390,000
ML approach
$2,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $1.83M (Mar 1 2021)
Last sale anchor
$1.83M
Mar 1 2021
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
$813 / 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
$50,096
Tax year 2023
Assessed value
$445,312
Assessed 2023
Previous assessed
$304,384
+46.3% YoY
Effective rate
11.25%
On assessed value
Assessed land
$248,812
Assessed improvement
$196,500
Land market value
$891,800
Improvement market value
$704,300
Total market value
$1,596,100
Applied tax rate
692.0000
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
2006
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
2,369 SF
Lot
0.93 ac (40,598 SF)
Zoning code
2134
APN
1315-10-0-46-002
UPID
US13-2675744
Jurisdiction
BOULDER
Zoning & alternative use
2134 · Longmont, COZoning 2134 · permitted uses
2134 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Black Diamond Resources LLC
Entity
Mailing address
730 17TH ST STE #740, DENVER, CO 80202-3516
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
$1,833,071
Black Diamond Resources LLC
Tng Longmont LLC
Special Warranty Deed
$363,000 · Premier Members Cu
Feb 14, 2020
—
Tng Longmont LLC
—
Deed
related
$1,092,000 · North American Svgs Bk
Dec 17, 2019
—
Tng Longmont LLC
—
Deed
related
$700,000 · Qala LLC
Feb 11, 2019
$1,220,000
Tng Longmont LLC
Hedank LLC
Grant Deed
—
Apr 24, 2017
—
Hedank LLC
—
Deed
related
—
Jul 26, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 20, 2006
$641,635
Hedank LLC
Good Times Drive Thru INC
Special Warranty Deed
$573,750 · Centennial Bank Of The West
Sep 1, 2006
$600,000
Good Times Drive Thru INC
Harvest Junction South LLC
Grant Deed
—
Jul 29, 2005
$829,500
Harvest Junction South LLC
Cde Harvest LLC
Grant Deed
related
—
Mar 15, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Tng Longmont LLC
—
Deed Of Trust
related
$700,000 · Qala LLC
—
—
Tng Longmont LLC
—
Deed Of Trust
related
$1,092,000 · North American Svgs Bk
—
—
Hedank LLC
—
Deed Of Trust
related
$994,391 · Home State Bank
—
—
Hedank LLC
—
Deed Of Trust
related
$524,115 · Home State Bank
—
—
Hedank LLC
—
Loan Modification
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 305 Ken Pratt Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
