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Property profile & analytics
OFF-MARKET
Estimated value
$3,965,000
Hotels
304 Canon Ave Manitou Springs, CO 80829
Entity Owned
Free & Clear
Property ID
US13-1203203
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1900
Construction
WOOD FRAME
Total area
45,459 SF
Lot
1.2 ac (52,272 SF)
Zoning code
DWTN
APN
7405336028
UPID
US13-1203203
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
$5.26M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$3.97M
Owner & transaction history
Glenbrook Lodging Corp
Glenbrook Lodging Corp
since 2026
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
DWTN · Manitou Springs, CO
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,690,000
6.5%
$5,255,000
7%
$4,880,000
Blend value · Realmo final
$3.97M
Range $3.57M – $4.36M · ±10% · vs last sale $4.00M (Feb 20 2026)
Last sale anchor
$4.00M
Feb 20 2026
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
$87 / 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
$1,036,730
Assessed 2023
Previous assessed
$1,036,730
+0.0% YoY
Assessed land
$50,310
Assessed improvement
$986,420
Land market value
$180,338
Improvement market value
$3,535,526
Total market value
$3,715,864
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1900
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
2
Stories
4
Units
57
Total area
45,459 SF
Lot
1.2 ac (52,272 SF)
Zoning code
DWTN
APN
7405336028
UPID
US13-1203203
Jurisdiction
EL PASO
Zoning & alternative use
DWTN · Manitou Springs, COZoning DWTN · permitted uses
DWTN · Manitou Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1900
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
4
Buildings
2
Units
57
Lot
1.2 ac
Current owner
From public records · entity-resolved
Glenbrook Lodging Corp
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 59, GALVESTON, TX 77553-0059
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
$4,000,000
Glenbrook Lodging Corp
Colorado Landmark Hotels LLC
Special Warranty Deed
—
Jul 2, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Sep 15, 2006
$13,000,000
Colorado Landmark Hotels LLC
Cliff House Hotel LLC
Grant Deed
—
Jul 22, 1999
—
Cliff House Properties
Morley,james S
Grant Deed
related
—
Jan 22, 1998
—
James S Morley
—
Grant Deed
related
$4,350,000 · Pueblo Bank & Trust Company
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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