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Property profile & analytics
OFF-MARKET
Estimated value
$3,895,000
Motels
220 Cimarron St Colorado Springs, CO 80903-3902
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-0362462
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,614 SF
Lot
0.65 ac (28,500 SF)
Zoning code
FBZ-T2B
APN
6418411012
UPID
US13-0362462
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
-
Modern Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$3.90M
Owner & transaction history
Jetz Service Co INC · 3 yrs held
Jetz Service Co INC
since 2023
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
FBZ-T2B · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.7M
+10.1%
Office building
$4.4M
+3.0%
Auto repair, garage
$4.3M
+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
$3,700,000
ML approach
$3,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,265,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,695,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$4,390,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,335,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$4,235,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.90M
Range $3.51M – $4.28M · ±10% · vs last sale $4.00M (May 31 2022)
Last sale anchor
$4.00M
May 31 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
$221 / 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
Assessed value
$976,500
Assessed 2023
Previous assessed
$976,500
+0.0% YoY
Assessed land
$192,430
Assessed improvement
$784,070
Land market value
$689,700
Improvement market value
$2,810,300
Total market value
$3,500,000
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
49
Total area
17,614 SF
Lot
0.65 ac (28,500 SF)
Zoning code
FBZ-T2B
APN
6418411012
UPID
US13-0362462
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-T2B · Colorado Springs, CO
Zoning FBZ-T2B · permitted uses
FBZ-T2B · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.2M
HOTEL/MOTEL Current
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
49
Lot
0.65 ac
Current owner
From public records · entity-resolved
Jetz Service Co INC
Entity
Free & Clear · 3 yrs held
Mailing address
220 E TAYLOR ST, COLORADO SPRINGS, CO 80907-6206
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
—
Jetz Service Co INC
Travelers Uptown Motel
Lease
—
May 31, 2022
$4,000,000
Klw Real Estate 6 LLC
Snsk INC
Special Warranty Deed
$2,800,000 · Mountain View Bank Of Commerce
Dec 22, 2020
$2,400,000
Snjk INC
Sh Lee LLC
Special Warranty Deed
$1,600,000 · Pacific City Bank
Nov 17, 1999
—
Uptown Motel Real Travelers
Kuros,jan & Zofia
Grant Deed
related
—
—
—
Uptown Motel Real Es Travelers
—
Deed Of Trust
related
$45,000 · Western National Bank Colorado
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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