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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Motels
2850 Cir Dr Colorado Springs, CO 80906-4101
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-2344202
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,344 SF
Lot
3.61 ac (157,252 SF)
Zoning code
M
APN
6428300025
UPID
US13-2344202
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
-
Provisions Market at SCP Colorado Springs Restaurant
-
SCP Colorado Springs Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Awi Pikes Peak LLC · 9 yrs held
Awi Pikes Peak LLC
since 2017
7 recorded transactions
Zoning & alternative use
M · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,735,000
6.5%
$1,600,000
7%
$1,485,000
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10%
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
$64 / 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
$60,125
Tax year 2023
Assessed value
$741,080
Assessed 2023
Previous assessed
$741,080
+0.0% YoY
Effective rate
8.11%
On assessed value
Assessed land
$182,070
Assessed improvement
$559,010
Land market value
$652,592
Improvement market value
$2,003,614
Total market value
$2,656,206
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
3
Stories
4
Units
60
Total area
20,344 SF
Lot
3.61 ac (157,252 SF)
Zoning code
M
APN
6428300025
UPID
US13-2344202
Jurisdiction
EL PASO
Zoning & alternative use
M · Colorado Springs, COZoning M · permitted uses
M · Colorado Springs, CO
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
4
Buildings
3
Units
60
Lot
3.61 ac
Current owner
From public records · entity-resolved
Awi Pikes Peak LLC
Entity
Mailing address
2850 S CIR DR, COLORADO SPRINGS, CO 80906-4101
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
—
Awi Pikes Peak LLC
—
Deed
related
$600,000 · Epcm LLC Series L
Oct 30, 2018
—
Awi Pikes Peak LLC
—
Loan Modification
related
$9,000,000 · Sunwest Bk
May 31, 2018
—
Awi Pikes Peak LLC
—
Grant Deed
related
$7,000,000 · Sunwest Bk
May 23, 2017
$3,000,000
Awi Pikes Peak LLC
R&s Hospitality Services LLC
Warranty Deed
$2,464,000 · Pacific Premier Bank
Feb 11, 2009
$3,300,000
R & S Hospitality Services LLC
Colorado Springs Hospitality Servic
Special Warranty Deed
$1,788,460 · First State Bank Of Colorado Spring
May 15, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Feb 12, 2007
$2,300,000
Springs Hospitality S Colorado
Deputy Public Te Of El Paso Cnty
Trustees Deed
—
—
—
R & S Hospitality Services LLC
—
Deed Of Trust
related
$50,000 · Pikes Peak Regional Dev Corp
—
—
Springs Hospitality S Colorado
—
Deed Of Trust
related
$1,750,000 · Citywide Banks
—
—
R & S Hospitality Services LLC
—
Deed Of Trust
related
$995,000 · Pikes Peak Regional Dev Corp
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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