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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Turn key restaurants
6139 Southlands Pkwy Aurora, CO 80016-5317
Individually Owned
4-yr Hold
Free & Clear
Property ID
US13-1098226
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Construction
FRAME
Total area
6,911 SF
Lot
1.77 ac (77,101 SF)
Zoning code
RE470
APN
2071-19-2-08-002
UPID
US13-1098226
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
$3.47M
Blend (final)
Blend
$4.43M
Owner & transaction history
Wayne A Belleau · 4 yrs held
Wayne A Belleau
since 2022
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
RE470 · Aurora, 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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$4,245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,825,000
Current use
AUTO REPAIR, GARAGE
$2,770,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±10% · vs last sale $4.53M (Jun 7 2022)
Last sale anchor
$4.53M
Jun 7 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
$641 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$72,520
Tax year 2021
Assessed value
$836,721
Assessed 2023
Previous assessed
$642,640
+30.2% YoY
Effective rate
8.67%
On assessed value
Land market value
$1,543,720
Improvement market value
$1,485,280
Total market value
$3,029,000
Applied tax rate
164.0000
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
2007
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
32
Total area
6,911 SF
Lot
1.77 ac (77,101 SF)
Zoning code
RE470
APN
2071-19-2-08-002
UPID
US13-1098226
Jurisdiction
ARAPAHOE
Zoning & alternative use
RE470 · Aurora, CO
Zoning RE470 · permitted uses
RE470 · Aurora, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aurora. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RESTAURANT Current
AUTO REPAIR, GARAGE
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
2007
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
32
Lot
1.77 ac
Current owner
From public records · entity-resolved
Wayne A Belleau
Individual
Free & Clear · 4 yrs held
Mailing address
1233 WW LOOP S STE #1500, HOUSTON, TX 77027-9108
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
$4,525,000
Wayne A Belleau
Broadridge Investments LLC
Special Warranty Deed
—
May 4, 2016
$3,574,400
Broadridge Apartments LLC
Spirit Master Funding Ix LLC
Special Warranty Deed
$2,215,000 · Academy Bank NA
Feb 13, 2015
$2,456,400
Spirit Master Funding Ix LLC
Red Lobster Restaurants LLC
Grant Deed
related
—
Aug 5, 2014
$1,963,800
Red Lobster Restaurants LLC
Gmri INC
Grant Deed
—
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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