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Property profile & analytics
OFF-MARKET
Estimated value
$4,070,000
Hotels
3150 Chestnut St Colorado Springs, CO 80907-5168
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2309839
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Construction
WOOD FRAME
Total area
100,020 SF
Lot
3.87 ac (168,577 SF)
Zoning code
C6 C6/CR
APN
7336109022
UPID
US13-2309839
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
-
Best Western Plus Executive Residency Fillmore Inn Hotel & Motel
-
Front range barbecue Restaurant
-
Fillmore Pizza Kitchen Restaurant
-
Air Force Academy High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.40M
Blend (final)
Blend
$4.07M
Owner & transaction history
Fillmore Inn LLC · 2 yrs held
Fillmore Inn LLC
since 2024
2 recorded transactions
Zoning & alternative use
C6 C6/CR · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.07M
Range $3.66M – $4.48M · ±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
$41 / 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
$118,298
Tax year 2023
Assessed value
$2,167,530
Assessed 2023
Effective rate
5.46%
On assessed value
Assessed land
$171,670
Assessed improvement
$1,995,860
Land market value
$615,302
Improvement market value
$7,153,611
Total market value
$7,768,913
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
4
Total area
100,020 SF
Lot
3.87 ac (168,577 SF)
Zoning code
C6 C6/CR
APN
7336109022
UPID
US13-2309839
Jurisdiction
EL PASO
Zoning & alternative use
C6 C6/CR · Colorado Springs, COZoning C6 C6/CR · permitted uses
C6 C6/CR · 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
2017
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
4
Lot
3.87 ac
Current owner
From public records · entity-resolved
Fillmore Inn LLC
Entity
Mailing address
501 N NEVADA AVE, COLORADO SPRINGS, CO 80903-1105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
—
Fillmore Inn LLC
—
Deed
related
$1,634,000 · Pikes Peak Regional Development Corporat
Mar 18, 2022
—
Fillmore Inn LLC
—
Deed
related
$1,591,000 · Bank Of Colorado
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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