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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Lk Ave Colorado Springs, CO 80906-4269

    • Hotels
    • 202,623 SF
    • 43.31 lot acres
    OFF-MARKET
    Value Estimations
    $31,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0637776
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lakeside Pool Cafe / Bar
    • The Broadmoor / Fine Dining Restaurant / Resort Hotel
    • Gibson's Gallery / Rock Shop
    • The Great Republic / Art Gallery / Antique Store
    • ATM / Atm

    Property Details for 1 Lk Ave

    Year built
    1918
    Construction
    CONCRETE
    Lot size
    43.31 lot acres
    Property size
    202,623 SF
    Zone code
    C5 HR CU
    Property type
    Hotels
    APN
    7435111009
    APU
    7435111009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $31,309,000
      Market price range: $2.63M - $31.3M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.851
    Latitude
    38.7905
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $2,289,650
    $24,186,710
    $26,476,360
    -
    $8,206,636
    $86,690,742
    $94,897,378

    Comparable in this City

    • Value Estimation
      $3,910,000
      62,734 SF

      2910 Geyser Dr

      HOTEL • 62,734 SF
      2910 Geyser Dr, Colorado Springs, CO 80906-4039
      View Details
    • Value Estimation
      $17,340,000
      250,137 SF

      1775 Cheyenne Mtn Blvd

      HOTEL • 250,137 SF
      1775 Cheyenne Mtn Blvd, Colorado Springs, CO 80906-4030
      View Details
    • Value Estimation by Request
      74,477 SF

      1205 10th Hl Rd

      HOTEL • 74,477 SF
      1205 10th Hl Rd, Colorado Springs, CO 80906
      View Details
    • Value Estimation
      $995,000
      10,990 SF

      60 1st St

      HOTEL • 10,990 SF
      60 1st St, Colorado Springs, CO 80906-3625
      View Details
    • Value Estimation
      $22,940,000
      229,159 SF

      2886 Cir Dr

      HOTEL • 229,159 SF
      2886 Cir Dr, Colorado Springs, CO 80906-4111
      View Details
    • Value Estimation
      $3,070,000
      56,445 SF

      4435 Venetucci Blvd

      HOTEL • 56,445 SF
      4435 Venetucci Blvd, Colorado Springs, CO 80906-4013
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.20 Acres

      Broadmoor Towne Center Pad Site

      Prime 1.2-acre retail pad site
      2070 Southgate Rd, Colorado Springs, CO 80906
      View Details
    • $5,000,000
      110.39 Acres

      Prime Colorado Springs Land Investment

      110 Acres, $5M, A-5 Zoning
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    • $450,000

      Land For Sale

      Land available for purchase in Colorado Springs, Colorado.
      2886 S Circle Dr, Colorado Springs, CO 80906
      View Details
    • $4,836,613
      27,600 SF

      Leased Shopping Center Investment

      Almost fully leased shopping center in a vibrant commercial area.
      2045-2059 B St, Colorado Springs, CO 80906
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    • $250,000

      Broadmoor Hills Park Land Parcel

      Large lot in desirable Broadmoor Hills Park neighborhood.
      4330 Grantham Ct, Colorado Springs, CO 80906
      View Details
    • $84,900
      0.44 Acres

      Colorado Springs Land Near Broadmoor

      Near half-acre lot with mountain views, close to Broadmoor.
      414 Sinton Ave, Colorado Springs, CO 80906
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,670 SF

      Kohl's Pad Site, Colorado Springs

      High-visibility retail pad, 0.75 acres.
      2725 Janitell Rd, Colorado Springs, CO 80906
      View Details
    • $15 SF/Yr
      1,800 SF

      Retail Space Near Fort Carson

      Retail space in Safeway-anchored center near Fort Carson.
      6512 S Academy Blvd, Colorado Springs, CO 80906
      View Details
    • Contact for pricing
      3,252 SF

      Move-in Ready Professional Office Space

      Efficient office layouts near retail, restaurants, and key transportation.
      1160 Lake Plaza Dr, Colorado Springs, CO 80906
      View Details
    • $18 SF/Yr
      130 SF

      Private Office Space For Rent

      Private office space south of Downtown Colorado Springs with courtyard.
      635-655 Southpointe Ct, Colorado Springs, CO 80906
      View Details
    • $20 SF/Yr
      1,221 SF

      Medical Office Space Available

      Three-story medical office building with Class A finishes for lease.
      1230 Tenderfoot Hill Rd, Colorado Springs, CO 80906
      View Details
    • $2,500 /Mo
      1,000 SF

      Office Space with Reception Area

      Office space available for rent with reception area.
      225 E Cheyenne Mountain Blvd, Colorado Springs, CO 80906
      View Details
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    1 Lk Ave
    Colorado Springs, CO 80906-4269
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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