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Property profile & analytics
FOR SALE
Turn key restaurants
6995 Lexington Dr Colorado Springs, CO 80918
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0501317
For Sale
1 / 5
$3,995,000
6995 Lexington Dr, Colorado Springs, CO 80918
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Construction
WOOD FRAME
Total area
4,457 SF
Lot
0.89 ac (38,956 SF)
Zoning code
C6 P
APN
6310116021
UPID
US13-0501317
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
-
Fuji Bistro Restaurant
-
Big Splash Car Wash #003 Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.63M
Owner & transaction history
6995 Lexington LLC · 3 yrs held
6995 Lexington LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
C6 P · 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
$1,525,000
ML approach
$1,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,950,000
Current use
COMMERCIAL (GENERAL)
$1,715,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.65M (Nov 23 2022)
Last sale anchor
$1.65M
Nov 23 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
$365 / 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
$16,493
Tax year 2023
Assessed value
$256,300
Assessed 2023
Previous assessed
$256,300
+0.0% YoY
Effective rate
6.44%
On assessed value
Assessed land
$134,770
Assessed improvement
$121,530
Land market value
$483,054
Improvement market value
$435,605
Total market value
$918,659
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
For Sale
Year built
2003
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,457 SF
Lot
0.89 ac (38,956 SF)
Zoning code
C6 P
APN
6310116021
UPID
US13-0501317
Jurisdiction
EL PASO
Zoning & alternative use
C6 P · Colorado Springs, CO
Zoning C6 P · permitted uses
C6 P · 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
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.7M
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
2003
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
6995 Lexington LLC
Entity
Mailing address
2340 GUILFORD LN, MISSION HILLS, KS 66208-1119
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
$1,650,000
6995 Lexington LLC
Turner And Associates LLC
Special Warranty Deed
$3,200,000 · Union Bank & Trust Co
Oct 21, 2020
$1,000,000
Turner And Associates LLC
Tae Y Turner And Associates LLC
Warranty Deed
—
Nov 21, 2018
—
Tae Y Turner & Associates LLC
—
Deed
related
$200,000 · Pikes Peak Nat'l Bk
Jan 12, 2018
—
Turner Tae Y & Associates
—
Trustees Deed
related
$100,000 · Pikes Peak Nat'l Bk
Jan 9, 2017
—
Tae Y Turner Assocites LLC
—
Deed
related
$204,237 · Pikes Peak National Bank
Nov 23, 2004
$1,900,000
6995 Lexington LLC
Tcj INC
Warranty Deed
$3,500 · Charles W Wilcox
Apr 29, 2003
—
T C J INC
—
Trustees Deed
related
$1,300,000 · Peak National Bank
Jan 16, 2002
$690,000
Timber Creek Holdings LLC
Bullock Holdings LLC
Grant Deed
related
—
—
—
Tae Y Turner & Associates LLC
—
Loan Modification
related
$200,000 · Pikes Peak Nat'l Bk
—
—
T C J INC
—
Deed Of Trust
related
$203,720 · Rocky Mountain Bank & Trust
—
—
Tcj INC
—
Deed Of Trust
related
$300,000 · Richard S Wilcox
—
—
T C J INC
—
Deed Of Trust
related
$100,575 · Rocky Mountain Bank & Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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