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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Motels
2622 Colorado Blvd Idaho Springs, CO 80452
Entity Owned
9-yr Hold
Property ID
US13-0879988
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1976
Construction
BRICK
Total area
26,307 SF
Lot
5.63 ac (245,124 SF)
APN
1835-364-00-203
UPID
US13-0879988
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
-
Argo Inn and Suites 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
$1.85M
Owner & transaction history
Han Sung West INC · 9 yrs held
Han Sung West INC
since 2017
4 recorded transactions
Zoning & alternative use
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 Idaho Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Idaho 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
$70 / 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
$50,456
Tax year 2023
Assessed value
$678,580
Assessed 2023
Previous assessed
$709,370
-4.3% YoY
Effective rate
7.44%
On assessed value
Assessed land
$125,710
Assessed improvement
$552,870
Land market value
$480,180
Improvement market value
$2,113,800
Total market value
$2,593,980
Applied tax rate
30.0000
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
1976
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
26,307 SF
Lot
5.63 ac (245,124 SF)
APN
1835-364-00-203
UPID
US13-0879988
Jurisdiction
CLEAR CREEK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1976
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
5.63 ac
Current owner
From public records · entity-resolved
Han Sung West INC
Entity
Mailing address
15230 E CRESTLINE AVE, CENTENNIAL, CO 80015-2545
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2017
$2,400,000
Han Sung West INC
Y H Properties INC
Warranty Deed
$1,680,000 · Hana Small Business Lending INC
Apr 1, 2015
$1,900,000
Yh Properties INC
Argo Properties LLC
Warranty Deed
$1,340,000 · Hanmi Bank
Oct 11, 2013
—
Argo Properties LLC
Argo Ents LLC
Quit Claim Deed
—
May 10, 2011
$1,150,100
Argo Ents LLC
Kenney,douglas A & Vicki C
Grant Deed
—
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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