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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Turn key restaurants
60006 Us Hwy 285 Bailey, CO 80421-5055
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0633760
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Total area
2,974 SF
Lot
0.41 ac (17,860 SF)
APN
R0018844
UPID
US13-0633760
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
-
2 Dads Eatery and Taproom Restaurant
-
Pure Mountain Leaf (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Snt Enterprises LLP · 2 yrs held
Snt Enterprises LLP
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$730,000
+37.0%
Retail stores
$570,000
+7.4%
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 Bailey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bailey 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
$710,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$535,000
Current use
OFFICE BUILDING
$730,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$570,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $800k (Aug 29 2023)
Last sale anchor
$800k
Aug 29 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
$257 / 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
$4,739
Tax year 2023
Assessed value
$91,200
Assessed 2023
Previous assessed
$83,185
+9.6% YoY
Effective rate
5.20%
On assessed value
Assessed land
$30,828
Assessed improvement
$60,372
Land market value
$106,302
Improvement market value
$208,181
Total market value
$314,483
Applied tax rate
6.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Rooms
4
Total area
2,974 SF
Lot
0.41 ac (17,860 SF)
APN
R0018844
UPID
US13-0633760
Jurisdiction
PARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$535,000
OFFICE BUILDING
Est. value
$730,000
RETAIL STORES
Est. value
$570,000
RESTAURANT Current
OFFICE BUILDING
RETAIL STORES
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
1965
Heating
NONE
Stories
1
Rooms
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
Snt Enterprises LLP
Entity
Mailing address
60006 US HWY 285, BAILEY, CO 80421-5055
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
$80,000
Snt Enterprises LLP
Michael J Abbondanza
Special Warranty Deed
$617,500 · The Huntington National Bank
Oct 31, 2022
—
Michael J Abbondanza
Michael J Abbondanza
Intrafamily Transfer
related
—
May 23, 2019
—
Michael J Abbondanza
Abbondanza,michael J
Quit Claim Deed
related
—
Mar 8, 2016
—
Michael J Abbondanza
Abbondanza,michael
Quit Claim Deed
related
—
Jan 21, 2014
$105,000
Michael Abbondanza
Kulenburg,william H & Lyn S
Grant Deed
—
Dec 30, 2013
$82,100
William H Kulenburg
Commercial Loan Solutions III
Grant Deed
—
—
—
Robert E Ortiz
—
Deed Of Trust
related
$255,000 · Commercial Federal Bank
—
—
Robert Ortiz
—
Deed Of Trust
related
$30,000 · Commercial Federal Bank
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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