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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Turn key restaurants
326 Nevada Ave Colorado Springs, CO 80903-2108
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0835982
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,641 SF
Lot
0.44 ac (19,000 SF)
Zoning code
FBZ-CEN
APN
6418310010
UPID
US13-0835982
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
-
Lay Furs Ltd Fur Service
-
China Town Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$918k
Blend (final)
Blend
$1.03M
Owner & transaction history
330 S Nevada LLC · 4 yrs held
330 S Nevada LLC
since 2021
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
FBZ-CEN · 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
$1,045,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,595,000
Current use
COMMERCIAL (GENERAL)
$1,400,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $1.10M (Oct 26 2021)
Last sale anchor
$1.10M
Oct 26 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
$283 / 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
$19,387
Tax year 2023
Assessed value
$307,600
Assessed 2023
Previous assessed
$307,600
+0.0% YoY
Effective rate
6.30%
On assessed value
Assessed land
$134,650
Assessed improvement
$172,950
Land market value
$482,600
Improvement market value
$619,900
Total market value
$1,102,500
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
3,641 SF
Lot
0.44 ac (19,000 SF)
Zoning code
FBZ-CEN
APN
6418310010
UPID
US13-0835982
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Zoning FBZ-CEN · permitted uses
FBZ-CEN · 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
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
330 S Nevada LLC
Entity
Free & Clear · 4 yrs held
Mailing address
524 S TEJON ST, COLORADO SPRINGS, CO 80903-3929
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
$1,100,000
330 S Nevada LLC
Paul Nelson
Special Warranty Deed
—
Aug 29, 2019
$830,000
Paul Nelson
Putney Shelby H Trust
Grant Deed
—
May 20, 2016
$408,888
Putney,shelby H Trust
Kirk Family Trust
Warranty Deed
—
Jan 25, 2016
$550,000
The Kirk Family Trust
Ashley Enterprises INC
Warranty Deed
—
Sep 30, 1998
$350,000
Ashley Enterprises INC
Ashley,nhiha
Grant Deed
related
$250,000 · First State Bank
—
—
Ashley Ents INC
—
Deed Of Trust
related
$250,000 · Silver Hill Financial LLC
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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