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Property profile & analytics
OFF-MARKET
Estimated value
$13,890,000
Hotels
1810 Briargate Pkwy Colorado Springs, CO 80920-7625
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0040213
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Construction
WOOD FRAME
Total area
79,987 SF
Lot
4.89 ac (213,008 SF)
Zoning code
PBC
APN
6232101001
UPID
US13-0040213
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
-
Hilton Garden Inn Colorado Springs Hotel & Motel
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.89M
Owner & transaction history
Wscdel 100 LLC · 3 yrs held
Wscdel 100 LLC
since 2023
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
PBC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$21.3M
+10.1%
Auto repair, garage
$19.7M
+1.7%
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
$16,070,000
ML approach
$9,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$19,370,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$21,320,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,690,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$19,240,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$18,745,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$13.89M
Range $12.50M – $15.28M · ±10% · vs last sale $16.50M (May 26 2023)
Last sale anchor
$16.50M
May 26 2023
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
$174 / 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
$176,336
Tax year 2023
Assessed value
$2,825,830
Assessed 2023
Previous assessed
$2,825,830
+0.0% YoY
Effective rate
6.24%
On assessed value
Assessed land
$561,610
Assessed improvement
$2,264,220
Land market value
$2,012,926
Improvement market value
$8,115,476
Total market value
$10,128,402
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
1998
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
3
Units
155
Total area
79,987 SF
Lot
4.89 ac (213,008 SF)
Zoning code
PBC
APN
6232101001
UPID
US13-0040213
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, COZoning PBC · permitted uses
PBC · 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
$19.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.3M
AUTO REPAIR, GARAGE
Est. value
$19.7M
MEDICAL BUILDING
Est. value
$19.2M
OFFICE BUILDING
Est. value
$18.7M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1998
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
3
Units
155
Lot
4.89 ac
Current owner
From public records · entity-resolved
Wscdel 100 LLC
Entity
Mailing address
400 VENTURE DR, LEWIS CENTER, OH 43035-9275
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
$16,500,000
Wscdel 100 LLC
Kre Hip Garden Co Springs Owner LLC
Special Warranty Deed
$9,923,103 · Intergrity & Bank Trust
Oct 7, 2021
$15,169,000
Kre Hip Garden Co Springs Owner LLC
Ihp Colorado Springs II Owner LLC
Special Warranty Deed
—
Jun 19, 2017
—
Ihp Colorado Springs II Co O
—
Deed
related
$780,000,000 · Column Fin'l
Dec 1, 2014
$14,700
Ihp Colorado Springs II Co O|ihp I Ops LLC
Ia Urban Hotels Colorado Sprin
Grant Deed
$615,000,000 · Bank Of America
Feb 3, 2006
$12,500,000
Rlj Colorado Springs Hotel LLC
Colorado Springs Hotel Partners LLC
Special Warranty Deed
$8,850,000 · Gmac Commercial Mortgage Bank
Feb 27, 1998
$883,100
Colorado Springs Hotel Partner
Lp47 LLC
Grant Deed
$11,289,335 · Compass Bank
—
—
Colorado Springs Hotel Partner
—
Deed Of Trust
related
$10,500,000 · Heller Financial
—
—
Ihp Colorado Springs II Co O
—
Deed Of Trust
related
$780,000,000 · Column Fin'l
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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