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    3920 N Nevada Ave Colorado Springs, CO 80907

    For Sale
    $3,250,000

    32-unit motel with high occupancy and income potential.

    Lot size:
    0.83 Acres

    Property Features for 3920 N Nevada Ave

    General Information

    Lot size
    0.83 Acres

    Building Details

    Year built
    1968

    Source: Teegardin Realty and Investment Company Agent Tasha Teegardin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Motel in High-Traffic Area

    This established 32-unit motel is situated in a highly traveled commercial corridor of North Nevada. The property is near the University of Colorado and Downtown Colorado Springs, placing it in proximity to the University Center and various visitor attractions such as Garden of the Gods, the Air Force Academy, and Colorado College. The motel is well-maintained and reports a high occupancy rate, with rooms renting for over $100 per night. The combined area of the motel and office building exceeds 13,000 square feet. The location benefits from high traffic count and foot traffic.
    Insight Report Location Intelligence

    Current Use by Public Records

    Best Inn Motel Motel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Hoste Cottage #1, Family Friendly Fright, Greg’s class, The Carriage House Vacation Rental, Casa Verde

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.8198427
    Latitude
    38.8899781

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    FAQs

    What type of property is this?
    Motel - 32-unit motel with high occupancy and income potential.
    Where is this motel located?
    The property is located at 3920 N Nevada Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - High income potential due to established business and high occupancy rate.; - Rooms renting for over $100 per night.; - Located in a high-traffic commercial corridor of N Nevada.
    (719) 310-6834
    Request Owner's contact information
    3920 N Nevada Ave Colorado Springs, CO 80907
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    Colorado Springs, CO 80907
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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
    3920 N Nevada Ave Colorado Springs, CO 80907
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