Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Motels
1440 Harrison Rd Colorado Springs, CO 80905-4002
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0987994
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1980
Construction
WOOD FRAME
Total area
39,716 SF
Lot
1.69 ac (73,616 SF)
Zoning code
C6 SS
APN
6429401038
UPID
US13-0987994
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
-
Best Western Executive Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.41M
Owner & transaction history
Bw Harrison Hotel Owner LLC · 7 yrs held
Bw Harrison Hotel Owner LLC
since 2019
5 recorded transactions
Zoning & alternative use
C6 SS · 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
$1.41M
Range $1.26M – $1.55M · ±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
$35 / 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
$26,500
Tax year 2023
Assessed value
$524,560
Assessed 2023
Previous assessed
$524,560
+0.0% YoY
Effective rate
5.05%
On assessed value
Assessed land
$133,500
Assessed improvement
$391,060
Land market value
$478,504
Improvement market value
$1,401,662
Total market value
$1,880,166
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
1980
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
44
Total area
39,716 SF
Lot
1.69 ac (73,616 SF)
Zoning code
C6 SS
APN
6429401038
UPID
US13-0987994
Jurisdiction
EL PASO
Zoning & alternative use
C6 SS · Colorado Springs, CO
Zoning C6 SS · permitted uses
C6 SS · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
44
Lot
1.69 ac
Current owner
From public records · entity-resolved
Bw Harrison Hotel Owner LLC
Entity
Mailing address
11705 AIRPORT WAY STE #308, BROOMFIELD, CO 80021-2711
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2019
$18,500,000
Bw Harrison Hotel Owner LLC
Sanman Investment LLC
Trustees Deed
$12,500,000 · Ladder Cap Fin
Sep 30, 2013
—
Sanman Investment LLC
—
Trustees Deed
related
$826,252 · First State Bank Colorado Spri
Nov 6, 1998
—
Sanman Investment LLC
Patel,p B & Savitaben P
Quit Claim Deed
related
$1,750,000 · First State Bank
—
—
Sanman Investment LLC
—
Deed Of Trust
related
$2,564,598 · First State Bank Colorado Spri
—
—
Sanman Investment LLC
—
Deed Of Trust
related
$2,159,740 · First State Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1440 Harrison Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
