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Property profile & analytics
OFF-MARKET
Estimated value
$16,035,000
Hotels
1320 Republic Dr Colorado Springs, CO 80921-3879
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2261282
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Construction
WOOD FRAME
Total area
64,077 SF
Lot
2.49 ac (108,464 SF)
Zoning code
PBC/CR
APN
6220002023
UPID
US13-2261282
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
-
SpringHill Suites Colorado Springs North/Air Force Academy Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.57M
Blend (final)
Blend
$16.04M
Owner & transaction history
1320 Republic Drive Owner LP · 4 yrs held
1320 Republic Drive Owner LP
since 2021
Last sale
$17.0M
1 recorded transaction
Zoning & alternative use
PBC/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$26.2M
+68.6%
Commercial (general)
$24.7M
+58.9%
Neighborhood: shopping center
$17.1M
+10.1%
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
$16,140,000
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
$15,515,000
Current use
APARTMENT HOUSE (5+ UNITS)
$26,155,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$24,650,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,080,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$16,850,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,775,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$15,415,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$16.04M
Range $14.43M – $17.64M · ±10% · vs last sale $17.00M (Aug 28 2021)
Last sale anchor
$17.00M
Aug 28 2021
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
$250 / 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
$157,296
Tax year 2023
Assessed value
$2,301,750
Assessed 2023
Previous assessed
$2,301,750
+0.0% YoY
Effective rate
6.83%
On assessed value
Assessed land
$487,210
Assessed improvement
$1,814,540
Land market value
$1,746,270
Improvement market value
$6,503,730
Total market value
$8,250,000
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
2018
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
104
Total area
64,077 SF
Lot
2.49 ac (108,464 SF)
Zoning code
PBC/CR
APN
6220002023
UPID
US13-2261282
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$15.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.2M
COMMERCIAL (GENERAL)
Est. value
$24.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.1M
OFFICE BUILDING
Est. value
$16.9M
AUTO REPAIR, GARAGE
Est. value
$15.8M
MEDICAL BUILDING
Est. value
$15.4M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
2018
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
104
Lot
2.49 ac
Current owner
From public records · entity-resolved
1320 Republic Drive Owner LP
Entity
Mailing address
870 7TH AVE FRNT #2, NEW YORK, NY 10019-4369
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2021
$17,000,000
1320 Republic Drive Owner LP
Mile High Hospitality Group II LLC
Special Warranty Deed
$79,550,900 · Parlex 14 Finco LLC
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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