Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Motels
2920 Colorado Blvd Idaho Springs, CO 80452-5043
Individually Owned
Property ID
US13-0093719
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Construction
WOOD FRAME
Total area
9,662 SF
Lot
2.24 ac (97,464 SF)
APN
1833-313-00-205
UPID
US13-0093719
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
-
6 & 40 Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.96M
Owner & transaction history
Sunsprings
Sunsprings
since 2026
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+39.1%
Retail stores
$1.7M
+36.3%
Office building
$1.6M
+35.3%
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
Method
Estimation
Statistic approach
$1,880,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,215,000
Current use
RESTAURANT
$1,690,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$1,655,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$1,645,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,350,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±10% · vs last sale $2.00M (Sep 20 2022)
Last sale anchor
$2.00M
Sep 20 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
$203 / 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
$21,449
Tax year 2023
Assessed value
$288,470
Assessed 2023
Previous assessed
$245,900
+17.3% YoY
Effective rate
7.44%
On assessed value
Assessed land
$45,560
Assessed improvement
$242,910
Land market value
$186,490
Improvement market value
$998,650
Total market value
$1,185,140
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
1953
Construction
WOOD FRAME
Heating
ELECTRIC
Buildings
2
Stories
1
Total area
9,662 SF
Lot
2.24 ac (97,464 SF)
APN
1833-313-00-205
UPID
US13-0093719
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
HOTEL/MOTEL Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1953
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
1
Buildings
2
Lot
2.24 ac
Current owner
From public records · entity-resolved
Sunsprings
Individual
Mailing address
2920 COLORADO BLVD #3097, IDAHO SPRINGS, CO 80452-5043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Jan 5, 2026
—
Sunsprings
Jennie Hyon Kim Family Revocable Tr
Quitclaim Deed
related
—
Dec 23, 2025
—
Jemie Pated Hyon Kim December Famil
Sunsprings INC
Quitclaim Deed
related
—
Dec 22, 2025
—
Sunsprings INC
Sun Keun Kim Family Rerocable Trust
Quitclaim Deed
related
—
Sep 18, 2025
—
Keun Kim Sun
—
Deed
related
$400,000 · Rae In Lee
Apr 28, 2025
—
Sun Keun Kim Family Revocable Trust
Sunsprings INC
Quitclaim Deed
related
—
Sep 20, 2022
$2,000,000
Sunsprings INC
Fourspring INC
Special Warranty Deed
$1,500,000 · North Valley Bank
Jun 20, 2022
$1,800,000
Foursprings INC
Kjwmt LLC
Special Warranty Deed
$1,295,000 · North Valley Bank
Sep 6, 2016
$1,100,000
Kjwmt LLC
K & S INC
Special Warranty Deed
$670,000 · Pacific City Bank
Apr 5, 2012
$750,000
K & S INC
No,mi K
Warranty Deed
$400,000 · Mi K No
Mar 12, 2009
—
Mi K No
Grell,kisuk
Quit Claim Deed
related
—
Oct 1, 2008
—
Names No
No,mi K
Quit Claim Deed
related
—
Jul 18, 2006
$1,130,000
Kisuk Grell
No,mi K
Warranty Deed
$930,000 · James No
Feb 24, 2006
—
Mi K No
No,sang D
Quit Claim Deed
related
—
Jun 22, 2001
$1,130,000
Sang D No
Korean American Properties INC
Grant Deed
$845,000 · Premier Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2920 Colorado Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
