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    Property profile & analytics

    631 Ramona Ave Colorado Springs, CO 80905

    • Turn key restaurants
    • 3,032 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US13-0872111
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 631 Ramona Ave

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    3,032 SF
    Zone code
    C5
    Property type
    Turn key restaurants
    APN
    7425109029
    APU
    7425109029

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.84
    Latitude
    38.8088
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,455
    $26,900
    $74,060
    $100,960
    -
    $96,400
    $265,460
    $361,860

    Comparable in this City

    • Value Estimation
      $310,000
      5,600 SF

      34 Ramona Ave

      RESTAURANT • 5,600 SF
      34 Ramona Ave, Colorado Springs, CO 80905-2210
      View Details
    • Value Estimation by Request
      3,115 SF

      1580 8th St

      RESTAURANT • 3,115 SF
      1580 8th St, Colorado Springs, CO 80905
      View Details
    • Value Estimation
      $1,180,000
      5,404 SF

      1430 Harrison Rd

      RESTAURANT • 5,404 SF
      1430 Harrison Rd, Colorado Springs, CO 80905-4002
      View Details
    • Value Estimation
      $1,435,000
      3,851 SF

      315 Bijou St

      RESTAURANT • 3,851 SF
      315 Bijou St, Colorado Springs, CO 80905-1306
      View Details
    • Value Estimation
      $920,000
      4,158 SF

      925 8th St

      RESTAURANT • 4,158 SF
      925 8th St, Colorado Springs, CO 80905-7318
      View Details
    • Value Estimation
      $545,000
      3,596 SF

      16 Walnut St

      RESTAURANT • 3,596 SF
      16 Walnut St, Colorado Springs, CO 80905-1537
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      5,448 SF

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      Retail building with excellent frontage, freeway visibility, and signage.
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    • $16 SF/Yr
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      Retail Space on Nevada Avenue

      Retail space with high visibility and strong demographics.
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      Retail Space in Cheyenne Plaza

      Retail space available in busy Cheyenne Plaza shopping center.
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      Cheyenne Center Retail Space

      Colorado Springs retail space available.
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    Property Visit Statistics

    • Visits by month
      7.0k
    • Visitors by month
      5.1k
    • Avg Time on site
      6 min
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    631 Ramona Ave
    Colorado Springs, CO 80905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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