New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
3728 Cleveland Ave, Wellington, CO 80549-5053
Entity Owned
Free & Clear
Property ID
US13-2804162
Property summary
AI-generated overview
This exceptional 1,824 sq ft Class A retail property, located at 3728 Cleveland Ave in Wellington, Colorado, is a historic building originally serving as the First National Bank. Built in 1919 and renovated in 2017, it currently operates as a 100% occupied restaurant, including all fixtures, furniture, and equipment (FF&E). The sale includes a 5,000 sq ft lot with on-site rear parking and potential for expansion. The property boasts east and west patios, adding to its charm and functionality. Zoned C-2 Downtown Commercial, this single-story building presents a unique opportunity for owner-users or investors seeking a prime location on Wellington's main street. The property's rich history, combined with its modern updates and versatile zoning, makes it an attractive investment. The asking price is $875,000. The APN is 8933142007.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,775 SF
Lot
0.11 ac (4,792 SF)
APN
89331-42-007
UPID
US13-2804162
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
-
Papa's Table 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
The Other Basket INC
The Other Basket INC
since 2025
Last sale
$725,000
6 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
$11,179
Tax year 2023
Assessed value
$113,888
Assessed 2023
Previous assessed
$103,820
+9.7% YoY
Effective rate
9.82%
On assessed value
Assessed land
$34,178
Assessed improvement
$79,710
Land market value
$122,500
Improvement market value
$285,700
Total market value
$408,200
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
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Units
1
Total area
1,775 SF
Lot
0.11 ac (4,792 SF)
APN
89331-42-007
UPID
US13-2804162
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
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
The Other Basket INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 833, WELLINGTON, CO 80549-0833
Ownership since
2025
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 6, 2025
$725,000
The Other Basket INC
Thomas A Casabona
Warranty Deed
—
Oct 6, 2025
—
Hong D Casabona
Ngoc Al Lu
Deed
related
—
Jul 26, 2022
—
Hong D Casabona
Ngoc Al Lu
Warranty Deed
—
Apr 21, 2022
$232,123
Ngoc Al Lu
Hong D Casabona
Warranty Deed
$232,123 · Ngoc La
Mar 1, 2017
$360,000
Hong D Casabona
Wellington Gardens LLC
Warranty Deed
$270,000 · Private Individual
Jan 6, 2004
—
Wellington Gardens LLC
Nelson,albert W & Sally J
Warranty Deed
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 3728 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.
