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Property profile & analytics
OFF-MARKET
Estimated value
$31,190,000
Hotels
1 Lk Ave Colorado Springs, CO 80906-4269
Entity Owned
Free & Clear
Property ID
US13-0637776
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1918
Construction
CONCRETE
Total area
202,623 SF
Lot
43.31 ac (1,886,584 SF)
Zoning code
C5 HR CU
APN
7435111009
UPID
US13-0637776
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
-
Lakeside Pool Cafe Bar & Pub
-
The Broadmoor Golf Course
-
Gibson's Gallery (Bike/Boat/Book/etc) Store
-
The Great Republic Art Gallery Antique Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$31.31M
Blend (final)
Blend
$31.19M
Owner & transaction history
BROADMOOR HOTEL INC
BROADMOOR HOTEL INC
Zoning & alternative use
C5 HR CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$49.9M
+1.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$49,065,000
Current use
AUTO REPAIR, GARAGE
$49,875,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$48,740,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$43,270,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$31.19M
Range $28.07M – $34.31M · ±10%
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
$154 / 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
Assessed value
$26,476,360
Assessed 2023
Previous assessed
$26,476,360
+0.0% YoY
Assessed land
$2,289,650
Assessed improvement
$24,186,710
Land market value
$8,206,636
Improvement market value
$86,690,742
Total market value
$94,897,378
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1918
Construction
CONCRETE
Heating
HOT WATER
Buildings
27
Stories
9
Units
103
Total area
202,623 SF
Lot
43.31 ac (1,886,584 SF)
Zoning code
C5 HR CU
APN
7435111009
UPID
US13-0637776
Jurisdiction
EL PASO
Zoning & alternative use
C5 HR CU · Colorado Springs, COZoning C5 HR CU · permitted uses
C5 HR CU · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$49.1M
AUTO REPAIR, GARAGE
Est. value
$49.9M
MEDICAL BUILDING
Est. value
$48.7M
OFFICE BUILDING
Est. value
$43.3M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1918
Construction
CONCRETE
Heating
HOT WATER
Stories
9
Buildings
27
Units
103
Lot
43.31 ac
Current owner
From public records · entity-resolved
BROADMOOR HOTEL INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1439, COLORADO SPRINGS, CO 80901-1439
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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