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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Turn key restaurants
810 New Memphis Ct Castle Rock, CO 80108-1999
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2787783
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,255 SF
Lot
0.74 ac (32,234 SF)
APN
R0406133
UPID
US13-2787783
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
by Request
Blend (final)
Blend
$580k
Owner & transaction history
P & B LLC · 13 yrs held
P & B LLC
since 2013
7 recorded transactions
Zoning & alternative use
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 Castle Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Rock 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$63 / 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
$44,957
Tax year 2023
Assessed value
$457,320
Assessed 2023
Previous assessed
$350,760
+30.4% YoY
Effective rate
9.83%
On assessed value
Assessed land
$125,910
Assessed improvement
$331,410
Land market value
$451,282
Improvement market value
$1,187,851
Total market value
$1,639,133
Applied tax rate
2,375.0000
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
YES
Stories
3
Units
1
Total area
9,255 SF
Lot
0.74 ac (32,234 SF)
APN
R0406133
UPID
US13-2787783
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
Yes
Stories
3
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
P & B LLC
Entity
Mailing address
31 N TEJON ST STE #400, COLORADO SPRINGS, CO 80903-1516
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
—
P & B LLC
—
Deed
related
$4,600,000 · Timberline Bank
Dec 21, 2018
—
P & B LLC
—
Trustees Deed
related
$3,678,000 · Academy Bk
Jan 4, 2013
$2,300,000
P & B LLC
Aspen Creeke Center LLC
Warranty Deed
$13,416 · Aspen Creeke Center LLC
Jul 11, 2008
—
Aspen Creeke Center LLC
—
Trustees Deed
related
$209,000 · Berkley Bank
Mar 8, 2007
$1,648,250
Aspen Creeke Center LLC
810 New Memphis Court LLC
Special Warranty Deed
$1,000,000 · State Bank Of Downs
Mar 2, 2007
$49,790
810 New Memphis Court LLC
Treasurer Of Douglas County
Grant Deed
—
Nov 29, 2006
$47,407
Jw Liens LLC
Treasurer Of Douglas County
Tax Deed
—
Mar 22, 2004
—
810 New Memphis Court LLC
—
Trustees Deed
related
$190,638 · W Scott Schirmer Inv Co P (tr)
Apr 8, 2002
—
810 New Memphis Court LLC
Montoya,robert M & Linda A
Grant Deed
related
—
Jun 13, 2001
—
Jay L Johnson
Montoya,robert M & Linda A
Grant Deed
related
—
—
—
P & B LLC
—
Deed Of Trust
related
$1,700,000 · Kite Brothers LLC
—
—
P & B LLC
—
Deed Of Trust
related
$700,000 · Joey D Edge
—
—
Robert M Montoya
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank West NA
—
—
810 New Memphis Court LLC
—
Deed Of Trust
related
$2,150,000 · Shames-makovsky Mortgage Co
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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