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Property profile & analytics
OFF-MARKET
Estimated value
$5,755,000
Motels
314 Bijou St Colorado Springs, CO 80905-1307
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-1073110
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
WOOD FRAME
Total area
84,804 SF
Lot
3.2 ac (139,392 SF)
Zoning code
C5 HR
APN
7413111021
UPID
US13-1073110
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
-
Bijou West Hotel & Motel Vacation Rental
-
Environment Colorado Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.06M
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$5.76M
Owner & transaction history
Bijou Condos LLC · 7 yrs held
Bijou Condos LLC
since 2018
7 recorded transactions
Zoning & alternative use
C5 HR · 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%
$5,480,000
6.5%
$5,055,000
7%
$4,695,000
Blend value · Realmo final
$5.76M
Range $5.18M – $6.33M · ±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
$68 / 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
$79,709
Tax year 2023
Assessed value
$1,441,710
Assessed 2023
Previous assessed
$1,441,710
+0.0% YoY
Effective rate
5.53%
On assessed value
Assessed land
$219,730
Assessed improvement
$1,221,980
Land market value
$787,565
Improvement market value
$4,379,863
Total market value
$5,167,428
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
1972
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
3
Units
153
Total area
84,804 SF
Lot
3.2 ac (139,392 SF)
Zoning code
C5 HR
APN
7413111021
UPID
US13-1073110
Jurisdiction
EL PASO
Zoning & alternative use
C5 HR · Colorado Springs, CO
Zoning C5 HR · permitted uses
C5 HR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
2
Units
153
Lot
3.2 ac
Current owner
From public records · entity-resolved
Bijou Condos LLC
Entity
Mailing address
19 N TEJON ST STE #200, COLORADO SPRINGS, CO 80903-1536
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Bijou Condos LLC
—
Deed
related
$12,600,000 · Bank Of The San Juans
Aug 25, 2020
—
Bijou Condos LLC
—
Deed
related
$11,000,000 · Mountain W Reit LLC
Dec 3, 2018
$7,800,000
Bijou Condos LLC
Jarosz Family Ltd Ptshp
Grant Deed
$10,541,300 · Mountain W Debt Fund
Oct 5, 2012
—
Jarosz Family Ltd Ptshp
Jarosz Family LP
Quit Claim Deed
—
Oct 11, 2006
—
Jarosz Family
—
Deed Of Trust
related
$7,828,000 · Us Equities Network
Dec 1, 2004
$5,650,000
Jarosz Family
Century Pacific INC
Deed Of Trust
related
$5,600,000 · Century Pacific INC
—
—
Century Pacific INC
—
Deed Of Trust
related
$1,000,000 · Capital Crossing Bank
—
—
Bijou Condos LLC
—
Loan Modification
related
$11,000,000 · Mountain W Reit LLC
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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