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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Drive through restaurants
331 Nevada Ave Colorado Springs, CO 80903-2107
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US13-1486085
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,003 SF
Lot
0.44 ac (19,260 SF)
Zoning code
FBZ-COR
APN
6418410010
UPID
US13-1486085
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Kaplan Investments LLC · 14 yrs held
Kaplan Investments LLC
since 2011
7 recorded transactions
Zoning & alternative use
FBZ-COR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
$1f
Zone name
Form Based Corridor
General category
UNKNOWN
Zone area
68.74 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$176 / 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
$13,198
Tax year 2023
Assessed value
$229,120
Assessed 2023
Previous assessed
$229,120
+0.0% YoY
Effective rate
5.76%
On assessed value
Assessed land
$136,490
Assessed improvement
$92,630
Land market value
$489,204
Improvement market value
$332,025
Total market value
$821,229
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
3,003 SF
Lot
0.44 ac (19,260 SF)
Zoning code
FBZ-COR
APN
6418410010
UPID
US13-1486085
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-COR · Colorado Springs, COZoning FBZ-COR · permitted uses
FBZ-COR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
$1f
Zone name
Form Based Corridor
General category
UNKNOWN
Zone area
68.74 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Kaplan Investments LLC
Entity
Mailing address
PO BOX 22845, OKLAHOMA CITY, OK 73123-1845
Ownership since
2011
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
Sep 12, 2011
$100,000
Kaplan Investments LLC
Jprn Self Storage LLC
Warranty Deed
$721,843 · Bank Of Colorado
Aug 20, 2009
—
Miracle Restaurant Group LLC
—
Deed Of Trust
related
$6,990,000 · J P Morgan Chase Bank
Apr 6, 2006
$617,600
Restless Moose LLC
Fdr Holding Co LLC
Warranty Deed
$498,750 · Bank Of Colorado
Dec 28, 1998
$250,000
Fdr Holding Co
Checkerboard Properties INC
Grant Deed
$175,000 · Norwest Bank Colorado
—
—
Jprn Self Storage LLC
—
Deed Of Trust
related
$100,000 · Kapco Financial Corp
—
—
Restless Moose LLC
—
Deed Of Trust
related
$713,765 · Bank Of Colorado
—
—
Restless Moose LLC
—
Deed Of Trust
related
$656,280 · Five Star Bank
—
—
Restless Moose LLC
—
Deed Of Trust
related
$656,280 · Five Star Bank
—
—
Restless Moose LLC
—
Deed Of Trust
related
$721,843 · Bank Of Colorado
—
—
Fdr Holding Co
—
Deed Of Trust
related
$184,083 · Bank One NA
—
—
Restless Moose LLC
—
Deed Of Trust
related
$498,750 · Bank Of Colorado
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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