Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants
3724 Cleveland Ave Wellington, CO 80549
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2832708
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,624 SF
Lot
0.17 ac (7,405 SF)
APN
89331-43-016
UPID
US13-2832708
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
-
Wellington Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Big Elm Properties LLC · 4 yrs held
Big Elm Properties LLC
since 2021
Last sale
$430,000
7 recorded transactions
Zoning & alternative use
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
—
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
$11,527
Tax year 2023
Assessed value
$117,180
Assessed 2023
Previous assessed
$100,050
+17.1% YoY
Effective rate
9.84%
On assessed value
Assessed land
$21,427
Assessed improvement
$95,753
Land market value
$76,800
Improvement market value
$343,200
Total market value
$420,000
Applied tax rate
1,500.0000
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
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,624 SF
Lot
0.17 ac (7,405 SF)
APN
89331-43-016
UPID
US13-2832708
Jurisdiction
LARIMER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Big Elm Properties LLC
Entity
Mailing address
3433 POLK CIR W, WELLINGTON, CO 80549-1681
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
$430,000
Big Elm Properties LLC
Jsr Enteprises LLC
Re-recorded Document
related
—
Jun 24, 2021
$430,000
Big Elm Properties LLC
Jsr Enterprises LLC
Special Warranty Deed
$320,000 · Points West Community Bank
Aug 4, 2008
—
Jsr Ents LLC
—
Trustees Deed
related
$104,500 · Perry L Rashleigh
Dec 21, 2007
—
Jsr Ents LLC
—
Trustees Deed
related
$25,000 · Home State Bank
Dec 3, 2007
$6,554
Jsr Ents LLC
Treasurer Of Larimer County
Certificate Of Purchase
—
Aug 29, 2006
—
Jsr Ents LLC
Rashleigh,jonathan S
Quit Claim Deed
related
—
May 8, 2006
—
Jonathan S Rashleigh
Jsr Ents LLC
Quit Claim Deed
related
—
Apr 24, 2006
—
Jsr Ents LLC
Rashleigh,jonathan S
Quit Claim Deed
related
—
Apr 12, 2006
$360,000
Jonathan S Rashleigh
Morales,henry
Warranty Deed
$177,016 · Home State Bank
—
—
Jsr Ents LLC
—
Deed Of Trust
related
$30,000 · Perry L Rashleigh
—
—
Jonathan S Rashleigh
—
Deed Of Trust
related
$129,000 · Front Range Regular Economic
—
—
Jsr Ents LLC
—
Deed Of Trust
related
$50,000 · Perry L Rashleigh
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 3724 Cleveland Ave?
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.
