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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Motels
1075 Kelly Johnson Blvd Colorado Springs, CO 80920-3926
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0076940
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Construction
WOOD FRAME
Total area
32,991 SF
Lot
1.35 ac (58,806 SF)
Zoning code
PBC/CR
APN
6305202011
UPID
US13-0076940
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
-
Econo Lodge North Academy Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$1.84M
Owner & transaction history
Harikrisha Hospitality INC · 9 yrs held
Harikrisha Hospitality INC
since 2017
7 recorded transactions
Zoning & alternative use
PBC/CR · Colorado Springs, CO
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 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
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$56 / 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
$50,652
Tax year 2023
Assessed value
$817,670
Assessed 2023
Previous assessed
$817,670
+0.0% YoY
Effective rate
6.19%
On assessed value
Assessed land
$146,020
Assessed improvement
$671,650
Land market value
$523,373
Improvement market value
$2,407,348
Total market value
$2,930,721
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
84
Total area
32,991 SF
Lot
1.35 ac (58,806 SF)
Zoning code
PBC/CR
APN
6305202011
UPID
US13-0076940
Jurisdiction
EL PASO
Zoning & alternative use
PBC/CR · Colorado Springs, COZoning PBC/CR · permitted uses
PBC/CR · Colorado Springs, CO
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
1996
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
84
Lot
1.35 ac
Current owner
From public records · entity-resolved
Harikrisha Hospitality INC
Entity
Mailing address
7201 E 36TH AVE, DENVER, CO 80207-1606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
—
Harikrishna Hospitality INC
—
Deed
related
$2,334,000 · Wells Fargo Bank NA
Jun 30, 2017
—
Harikrishna Hospitality INC
—
Deed
related
$2,520,000 · The State Bank
Jan 5, 2017
$3,600,000
Harikrisha Hospitality INC
Dant Investments LLC
Special Warranty Deed
$2,700,000 · First State Bank
Sep 30, 2016
—
Dant Investments LLC
—
Deed
related
—
Aug 31, 2016
—
Dant Investments LLC
—
Deed
related
—
Aug 17, 2015
$2,400,000
Dant Investments LLC
Krishna INC
Grant Deed
$1,440,000 · First St Bk/colorado
Apr 25, 2007
$2,350,000
Krishna INC
Cha Colorado Springs Sl LLC
Grant Deed
$2,110,000 · Bank Of Las Vegas
Sep 30, 1998
—
Cha Colorado Spg Sleep Inn LLC
First Pic Lodging LLC
Grant Deed
$2,340,000 · Prime Capital Funding LLC
—
—
Krishna INC
—
Deed Of Trust
related
$2,000,000 · Bank Of Las Vegas
—
—
Dant Investments LLC
—
Loan Modification
related
—
—
—
Dant Investments LLC
—
Loan Modification
related
—
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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