Renovated Family-Friendly
For Sale
Contact for pricing
8350 RAZORBACK RD, Colorado Springs, CO 80920
Renovated motel with suites and family rooms, offering free Wi-Fi, parking, and breakfast, plus pet-friendly and non-smoking areas.
Property Size18,688 SF
Price / SF$153.84
Days on Market135
Property Features for 8350 RAZORBACK RD
General Information
Standard status
Active
Size
18,688 SF
Property subtype
Hospitality, Mixed Use
Zoning
mixed use
Occupancy
70%
Net Operating Income
$492,000
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1998
Year Renovated
2024
Buildings
1
Stories
4
Units
35
Listing Agency:
Simon Kim Realty
Listed By:
Simon Kim · License #CO
Source:
Crexi
Added: Apr 24
Changed: Aug 31
Last Checked: Sep 4 at 7:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Simon Kim Realty
Investment Insights
Based on property information with market context.
This renovated family-friendly motel offers suites and family room layouts and has recently undergone updates that include exterior painting and interior painting, along with new flooring and refreshed bathrooms. The property reopened in June 2024 following the renovation.
The motel is located north of Colorado Springs off an I-25 exit, with a noted view from the site. On-site amenities include free Wi-Fi and free parking, and breakfast is provided. The property is designated non-smoking throughout the area and allows pets.
For daily convenience, the listing notes proximity to major shopping and dining options, along with a variety of nearby attractions and points of interest within the Colorado Springs area.
The motel is located north of Colorado Springs off an I-25 exit, with a noted view from the site. On-site amenities include free Wi-Fi and free parking, and breakfast is provided. The property is designated non-smoking throughout the area and allows pets.
For daily convenience, the listing notes proximity to major shopping and dining options, along with a variety of nearby attractions and points of interest within the Colorado Springs area.
Key Highlights
- 1998‑built motel in Colorado Springs offering suites and family rooms
- Recently fully renovated, with outside paint and interior updates including new floors and new bathrooms
- Reopened June 2024 after a major renovation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,113
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,062,260
$2.1M
Cap Rate 7%
$1,473,043
$1.5M
Cap Rate 9%
$1,145,700
$1.1M
Market Conditions
NOI Build-Up for 18,688 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$246.7K $13.20/SF
− Vacancy
−$29.6K −$1.58/SF
EGI
$217.1K $11.62/SF
− OpEx
−$114.0K −$6.10/SF
NOI
$103.1K $5.52/SF
Area
ZIP 80920
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,062,260
Cap Rate 7%
$1,473,043
Cap Rate 9%
$1,145,700
Alternative Uses
Best Use
Hotel Hospitality
$1.47M
$1.29M – $1.72M
NOI $103,113 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.27M
$3.73M – $4.98M
NOI $298,709 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80920, CO
39,540
Population
14,631
Households
2.7
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
3,189
Density / Sq Mi
$111,233
Median Household Income
$50,927
Median Earnings
$1,955
Median Rent
$484,900
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- The Academy Hotel Colorado Springs — 8110 N Academy Blvd, Colorado Springs, CO 80920
- Econo Lodge North Academy — 1075 Kelly Johnson Blvd, Colorado Springs, CO 80920
- Hampton Inn Colorado Springs I-25 Central — 1060 Kelly Johnson Blvd, Colorado Springs, CO 80920
- Baymont by Wyndham Colorado Springs — 1055 Kelly Johnson Blvd, Colorado Springs, CO 80920
- La Quinta Inn & Suites by Wyndham Colorado Springs North — 8155 N Academy Blvd, Colorado Springs, CO 80920
Frequently Asked Questions
What type of property is this?
Motel - Renovated motel with suites and family rooms, offering free Wi-Fi, parking, and breakfast, plus pet-friendly and non-smoking areas.
Where is this motel located?
The property is located at 8350 RAZORBACK RD Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: 1998‑built motel in Colorado Springs offering suites and family rooms; Recently fully renovated, with outside paint and interior updates including new floors and new bathrooms; Reopened June 2024 after a major renovation
