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Property profile & analytics
FOR SALE
Drive through restaurants
511 Garden Of The Gods Rd Colorado Springs, CO 80907
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-0345703
For Sale
1 / 2
$2,120,000
511 Garden Of The Gods Rd, Colorado Springs, CO 80907
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1999
Construction
WOOD FRAME
Total area
2,487 SF
Lot
0.96 ac (41,989 SF)
Zoning code
C6/CR
APN
7325119025
UPID
US13-0345703
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
-
Freddy's Frozen Custard & Steakburgers Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$2.12M
Owner & transaction history
Kmg Ffc LLC · 3 yrs held
Kmg Ffc LLC
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
C6/CR · 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
$2,035,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±10% · vs last sale $2.20M (Nov 14 2022)
Last sale anchor
$2.20M
Nov 14 2022
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
$852 / 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
$15,743
Tax year 2023
Assessed value
$295,710
Assessed 2023
Previous assessed
$295,710
+0.0% YoY
Effective rate
5.32%
On assessed value
Assessed land
$182,170
Assessed improvement
$113,540
Land market value
$652,929
Improvement market value
$406,943
Total market value
$1,059,872
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
For Sale
Year built
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,487 SF
Lot
0.96 ac (41,989 SF)
Zoning code
C6/CR
APN
7325119025
UPID
US13-0345703
Jurisdiction
EL PASO
Zoning & alternative use
C6/CR · Colorado Springs, CO
Zoning C6/CR · permitted uses
C6/CR · 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.
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Kmg Ffc LLC
Entity
Free & Clear · 3 yrs held
Mailing address
265 N TOPEKA AVE, WICHITA, KS 67202-2407
Ownership since
2022
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
Nov 14, 2022
$1,650,000
Kmg Ffc LLC
The Lunsford Family Trust
Special Warranty Deed
—
Nov 14, 2022
$2,200,000
Shirkmere Properties LLC
Kmg Ffc LLC
Special Warranty Deed
—
Aug 20, 2013
$1,015,000
Lunsford Family Trust
Wessley Real Estate Gotg LLC
Warranty Deed
—
Aug 20, 2013
—
Wessley Real Estate Gotg LLC
Wessley Real Estate Gotg LLC
Quit Claim Deed
related
—
Jul 31, 2012
—
Wessley Real Estate Group Gotg LLC
Ge Capital Franchise Corporation
Special Warranty Deed
$370,600 · Intrust Bank NA
Oct 14, 2010
—
Ge Cap Franchise Finance Corp
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Sep 30, 2010
$500,000
Pacific Holdings LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
related
$1,751,000
Jun 20, 2005
$825,000
Pacific Holdings LLC
Ch-co INC
Grant Deed
$1,400,000 · Colorado Capital Bank
Dec 2, 1999
$969,000
Chi-co INC
Captec Franchise Capital
Grant Deed
$969,000 · Captec Financial Group INC
—
—
Pacific Holdings LLC
—
Deed Of Trust
related
$300,000 · Colorado Capital Bank
—
—
Pacific Holdings LLC
—
Deed Of Trust
related
$1,751,000 · General Electric Capital Corp
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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