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Property profile & analytics
OFF-MARKET
Motels
1921 Platte Ave Colorado Springs, CO 80909-5826
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0365843
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Construction
WOOD FRAME
Total area
4,531 SF
Lot
0.54 ac (23,500 SF)
Zoning code
C6
APN
6416213030
UPID
US13-0365843
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
-
Aztec Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aztec Co LLC · 9 yrs held
Aztec Co LLC
since 2016
7 recorded transactions
Zoning & alternative use
C6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,543
Tax year 2023
Assessed value
$84,900
Assessed 2023
Previous assessed
$84,900
+0.0% YoY
Effective rate
5.35%
On assessed value
Assessed land
$58,030
Assessed improvement
$26,870
Land market value
$207,975
Improvement market value
$401,025
Total market value
$609,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1953
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
1
Units
9
Total area
4,531 SF
Lot
0.54 ac (23,500 SF)
Zoning code
C6
APN
6416213030
UPID
US13-0365843
Jurisdiction
EL PASO
Zoning & alternative use
C6 · Colorado Springs, CO
Zoning C6 · permitted uses
C6 · 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
1953
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
2
Units
9
Lot
0.54 ac
Current owner
From public records · entity-resolved
Aztec Co LLC
Entity
Mailing address
22645 E CALHOUN PL, AURORA, CO 80016-5210
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
Aztec Co LLC
—
Deed
related
$1,065,000 · The Stockmens Bank
Nov 16, 2017
—
Aztec Co LLC
—
Deed
related
$800,000 · Paragon Finl Invtrs
Jul 30, 2016
$470,000
Aztec Co LLC
Paragon Finl Invtrs LLC
Warranty Deed
$420,000 · Paragon Finl Invtrs
Jul 14, 2014
—
Paragon Finl Invtrs LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Jun 26, 2014
$698,754
Dogged Industries LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
related
$590,000
Nov 24, 2010
$600,000
Dogged Industries LLC
Paragon Finl Invtrs LLC
Grant Deed
—
Nov 24, 2010
—
Dogged Industries LLC
Paragon Financial Investors LLC
Quit Claim Deed
related
$590,000 · Paragon Financial Investors LLC
Sep 16, 2010
—
Paragon Finl Invtrs LLC
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Sep 2, 2010
$712,617
Aztec Courts INC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$503,750
Dec 4, 2007
—
Aztec Courts INC
—
Trustees Deed
related
$14,000 · Dan Stageman
Jun 9, 2004
$576,700
J Investments
Kim,yong N
Grant Deed
—
Aug 28, 2003
—
Azter Courts INC
Twilight,starr Tr
Quit Claim Deed
related
—
May 1, 2003
$175,000
J Investments
Kim,yong H
Grant Deed
$100 · Yong H Kim
Feb 21, 2003
$675,000
Starr,twilight Tr
J & N Investments
Grant Deed
—
Feb 21, 2003
—
J Investments
Kim,yong H
Quit Claim Deed
related
—
Nov 20, 2002
—
J Investments
Kim,yong H
Quit Claim Deed
related
—
Mar 27, 2000
$580,000
Yong H Kim
Williams,edward & Dori J
Grant Deed
$414,000 · Premier Bank
—
—
Young H Kim
—
Deed Of Trust
related
$434,000 · Premier Bank
—
—
Aztec Co LLC
—
Loan Modification
related
$800,000 · Paragon Finl Invtrs
—
—
Aztec Courts INC
—
Deed Of Trust
related
$17,050 · Celene Hinnegan
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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