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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Turn key restaurants
7061 Commerce Ctr Dr Colorado Springs, CO 80919-2651
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0021960
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
WOOD FRAME
Total area
7,109 SF
Lot
1.19 ac (51,836 SF)
Zoning code
PBC HS
APN
6307003013
UPID
US13-0021960
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
$2.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$2.72M
Owner & transaction history
Nnn Reit LP · 2 yrs held
Nnn Reit LP
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
PBC HS · 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
$2,680,000
ML approach
$2,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,110,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,900,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,735,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±10% · vs last sale $2.75M (Dec 18 2023)
Last sale anchor
$2.75M
Dec 18 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
$382 / 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
$31,559
Tax year 2023
Assessed value
$512,610
Assessed 2023
Previous assessed
$512,610
+0.0% YoY
Effective rate
6.16%
On assessed value
Assessed land
$240,800
Assessed improvement
$271,810
Land market value
$863,069
Improvement market value
$974,247
Total market value
$1,837,316
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
1994
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
1
Total area
7,109 SF
Lot
1.19 ac (51,836 SF)
Zoning code
PBC HS
APN
6307003013
UPID
US13-0021960
Jurisdiction
EL PASO
Zoning & alternative use
PBC HS · Colorado Springs, CO
Zoning PBC HS · permitted uses
PBC HS · 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
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
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
1994
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Nnn Reit LP
Entity
Free & Clear · 2 yrs held
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$2,750,000
Nnn Reit LP
Sscw Woodmen Commerce LLC
Special Warranty Deed
—
May 1, 2023
$2,750,000
Sscw Woodmen Commerce LLC
Alkc Property LLC
Special Warranty Deed
—
Oct 16, 2014
$2,500,000
Alkc Property LLC
Venti JR Family Trust
Special Warranty Deed
$1,900,000 · Solera National Bank
Oct 6, 2014
—
Venti Family Trust
Venti Family Trust
Quit Claim Deed
related
—
Nov 19, 2004
$2,500,000
Venti JR Trust
Cole Geff I LLC
Grant Deed
$700,000 · Femino Foundation
Jan 7, 2004
$2,058,600
Cole Geff I LLC
Ge Capital Franchise Finance
Grant Deed
$1,399,085 · Ge Capital Franchise Finance
—
—
Cole Geff I LLC
—
Deed Of Trust
related
$1,099,281 · Ge Capital Franchise Finance
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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