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Property profile & analytics
OFF-MARKET
Drive through restaurants
4003 120th Ave Thornton, CO 80233-1716
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US13-1206763
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1994
Total area
814 SF
Lot
0.48 ac (20,909 SF)
APN
R0011804
UPID
US13-1206763
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
by Request
Owner & transaction history
Grand Ik Properties LLC · 13 yrs held
Grand Ik Properties LLC
since 2013
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 Thornton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thornton 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
$12,800
Tax year 2023
Assessed value
$116,180
Assessed 2023
Previous assessed
$196,350
-40.8% YoY
Effective rate
11.02%
On assessed value
Assessed land
$86,420
Assessed improvement
$29,760
Land market value
$309,750
Improvement market value
$106,650
Total market value
$416,400
Applied tax rate
180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1994
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
814 SF
Lot
0.48 ac (20,909 SF)
APN
R0011804
UPID
US13-1206763
Jurisdiction
ADAMS
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
1994
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Grand Ik Properties LLC
Entity
Mailing address
114 COTTONWOOD CRK RD APT C1, DURANGO, CO 81301-6163
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2013
$1,133,000
Grand Ik Properties LLC
Good Times Drive Thru INC
Grant Deed
$444,248 · Vectra Bank Colorado NA
Jan 2, 2013
$1,000,000
Good Times Drive Thru INC
Gt Burgers Of Colorado INC
Grant Deed
$600,000 · Gt Burgers Of Colorado INC
Nov 7, 2006
$450,001
Gt Burgers Of Colorado INC
Outback Investments LLC
Grant Deed
$697,000 · General Electric Capital Corp
Dec 6, 2005
—
Outback Investments LLC
—
Deed Of Trust
related
$1,150,000 · Horizons Banks NA
Sep 30, 2003
—
Outback Investments LLC
Blue Rhino Investments INC
Quit Claim Deed
related
—
—
—
Outback Investments LLC
—
Deed Of Trust
related
$250,000 · Community Banks Colorado Tech
—
—
Outback Investments LLC
—
Deed Of Trust
related
$275,000 · Horizons Banks NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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