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Property profile & analytics
FOR SALE
Bars & Pubs
5910 Omaha Blvd Colorado Springs, CO 80915
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0903969
For Sale
1 / 3
$815,000
5910 Omaha Blvd, Colorado Springs, CO 80915
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1998
Construction
WOOD FRAME
Total area
3,014 SF
Lot
2.61 ac (113,692 SF)
Zoning code
CR CAD-O
APN
5406304019
UPID
US13-0903969
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
-
IVP at The Beach House Bar & Pub
-
Border Burger Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$815k
Owner & transaction history
Ivp Soco LLC · 3 yrs held
Ivp Soco LLC
since 2023
Last sale
$830,000
6 recorded transactions
Zoning & alternative use
CR CAD-O · 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
$810,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,320,000
Current use
COMMERCIAL (GENERAL)
$1,160,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $830k (May 24 2023)
Last sale anchor
$830k
May 24 2023
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
$270 / 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
Assessed value
$226,100
Assessed 2023
Previous assessed
$226,100
+0.0% YoY
Assessed land
$206,180
Assessed improvement
$19,920
Land market value
$738,992
Improvement market value
$71,382
Total market value
$810,374
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1998
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
3,014 SF
Lot
2.61 ac (113,692 SF)
Zoning code
CR CAD-O
APN
5406304019
UPID
US13-0903969
Jurisdiction
EL PASO
Zoning & alternative use
CR CAD-O · Colorado Springs, CO
Zoning CR CAD-O · permitted uses
CR CAD-O · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.61 ac
Current owner
From public records · entity-resolved
Ivp Soco LLC
Entity
Mailing address
5910 OMAHA BLVD, COLORADO SPRINGS, CO 80915-2825
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 24, 2023
$830,000
Ivp Soco LLC
Dorman Properties LLC
Special Warranty Deed
$957,600 · The Huntington National Bank
Dec 1, 2011
—
Dorman Properties LLC
—
Trustees Deed
related
$911,052 · Mountain View Bk
Dec 1, 1993
$810,000
Heights Partners Dublin
—
Grant Deed
related
—
—
—
Dorman Properties LLC
—
Deed Of Trust
related
$700,000 · Mountain View Bank
—
—
Dorman Properties LLC
—
Loan Modification
related
$819,307 · Mountain View Bk
—
—
Dorman Properties LLC
—
Deed Of Trust
related
$636,000 · Firstbank Of El Paso County
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?”
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