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Property profile & analytics
OFF-MARKET
Motels
23 Manitou Ave Manitou Springs, CO 80829-2424
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2674761
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Construction
WOOD FRAME
Total area
1,964 SF
Lot
3.68 ac (160,301 SF)
Zoning code
C
APN
7404420010
UPID
US13-2674761
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
El Colorado LLC · 1 yrs held
El Colorado LLC
since 2025
7 recorded transactions
Zoning & alternative use
C · Manitou 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 Manitou Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitou 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
$14,654
Tax year 2023
Assessed value
$212,580
Assessed 2023
Previous assessed
$212,580
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$181,130
Assessed improvement
$31,450
Land market value
$649,219
Improvement market value
$112,723
Total market value
$761,942
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1955
Construction
WOOD FRAME
Heating
FORCED AIR
Buildings
18
Stories
2
Units
1
Total area
1,964 SF
Lot
3.68 ac (160,301 SF)
Zoning code
C
APN
7404420010
UPID
US13-2674761
Jurisdiction
EL PASO
Zoning & alternative use
C · Manitou Springs, CO
Zoning C · permitted uses
C · Manitou Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manitou Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Buildings
18
Units
1
Lot
3.68 ac
Current owner
From public records · entity-resolved
El Colorado LLC
Entity
Mailing address
20 WILCOX ST UNIT #604, CASTLE ROCK, CO 80104-2054
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
$2,900,000
El Colorado LLC
El Colorado Motel LLC
Special Warranty Deed
$1,893,918 · Integrity Bank & Trust
Aug 9, 2022
—
El Colorado Motel LLC
—
Deed
related
$100,000 · 5star Bank
Feb 1, 2019
—
Colorado Motel LLC
—
Deed
related
—
Apr 30, 2018
$1,525,000
El Colorado Motel LLC
El Colorado Lodge LLC
Warranty Deed
$1,116,459 · 5star Bank
Jan 22, 2018
—
James T Brock
—
Deed
related
$65,000 · Grace & Wlodzimierz Walicki
Jan 22, 2004
—
El Colorado LLC
Brock,james T & Susie
Grant Deed
$1,280,000 · First National Bank Colorado
Jan 22, 2004
$1,600,000
James T Brock
Walicki,grace & Wlodzimierz
Grant Deed
—
Jun 1, 1998
$1,200,000
Grace Walicki
Hornik,wladyslaw S & Stephanie M
Grant Deed
$900,000 · Emergent Business Capital INC
—
—
El Colorado Lodge LLC
—
Loan Modification
related
—
—
—
Colorado Motel LLC
—
Loan Modification
related
—
—
—
Wlodzimierz Wqalicki
—
Deed Of Trust
related
$935,787 · Pikes Peak National Bank
—
—
James T Brock
—
Deed Of Trust
related
$65,000 · Grace & Wlodzimierz Walicki
—
—
James T Brock
—
Deed Of Trust
related
$148,500 · Holloway Investment Co
—
—
El Colorado Lodge LLC
—
Deed Of Trust
related
$496,000 · Community Economic Development
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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