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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Motels
1621 Nevada Ave Colorado Springs, CO 80905
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0693045
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1917
Construction
WOOD FRAME
Total area
1,420 SF
Lot
1.11 ac (48,352 SF)
Zoning code
C5
APN
6419413069
UPID
US13-0693045
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.42M
Owner & transaction history
Yk17 Investments INC · 3 yrs held
Yk17 Investments INC
since 2022
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
C5 · 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
$3,240,000
ML approach
$3,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.42M
Range $3.08M – $3.76M · ±10% · vs last sale $3.50M (Nov 16 2022)
Last sale anchor
$3.50M
Nov 16 2022
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
$2,408 / 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
$3,879
Tax year 2023
Assessed value
$79,170
Assessed 2023
Previous assessed
$79,170
+0.0% YoY
Effective rate
4.90%
On assessed value
Assessed land
$60,030
Assessed improvement
$19,140
Land market value
$215,162
Improvement market value
$68,598
Total market value
$283,760
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
1917
Construction
WOOD FRAME
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
1,420 SF
Lot
1.11 ac (48,352 SF)
Zoning code
C5
APN
6419413069
UPID
US13-0693045
Jurisdiction
EL PASO
Zoning & alternative use
C5 · Colorado Springs, CO
Zoning C5 · permitted uses
C5 · 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
1917
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
1.11 ac
Current owner
From public records · entity-resolved
Yk17 Investments INC
Entity
Mailing address
10154 E FAIR CIR, ENGLEWOOD, CO 80111-5449
Ownership since
2022
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
Nov 16, 2022
$3,500,000
Yk17 Investments INC
Gemutlichkeit LLC
Special Warranty Deed
$2,879,000 · Open Bank
Sep 30, 2019
—
Gemutlichkeit LLC
1623 LLC
Quit Claim Deed
related
—
May 12, 2015
—
1623 LLC|john & Dona Kenline LLC
Gemutlichkeit LLC
Warranty Deed
related
—
—
—
Gemutlichkeit LLC
—
Deed Of Trust
related
$875,000 · First St Bk/co Spgs
—
—
Gemutlichkeit LLC
—
Deed Of Trust
related
$741,420 · First State Bank Colorado Spri
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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