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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Motels
3490 Afternoon Cir Colorado Springs, CO 80910-4128
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1064718
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
WOOD FRAME
Total area
41,862 SF
Lot
2.87 ac (125,017 SF)
Zoning code
PBC AO
APN
6422409001
UPID
US13-1064718
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
-
HomeTowne Studios Colorado Springs - Airport Hotel & Motel
-
Crossland Colorado Springs-Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.46M
Owner & transaction history
Cl I LLC · 5 yrs held
Cl I LLC
since 2021
7 recorded transactions
Zoning & alternative use
PBC AO · 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
$1.46M
Range $1.31M – $1.60M · ±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
$35 / 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
$26,145
Tax year 2023
Assessed value
$517,640
Assessed 2023
Previous assessed
$517,640
+0.0% YoY
Effective rate
5.05%
On assessed value
Assessed land
$167,420
Assessed improvement
$350,220
Land market value
$600,082
Improvement market value
$1,255,259
Total market value
$1,855,341
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
1998
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
133
Total area
41,862 SF
Lot
2.87 ac (125,017 SF)
Zoning code
PBC AO
APN
6422409001
UPID
US13-1064718
Jurisdiction
EL PASO
Zoning & alternative use
PBC AO · Colorado Springs, CO
Zoning PBC AO · permitted uses
PBC AO · 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
1998
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
133
Lot
2.87 ac
Current owner
From public records · entity-resolved
Cl I LLC
Entity
Mailing address
5847 SAN FELIPE ST STE #4650, HOUSTON, TX 77057-3277
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
—
Cl I LLC
Bre Esa P Portfolio LLC
Correction Deed
related
—
Oct 23, 2018
—
Cl I LLC
—
Loan Modification
related
$421,280,346 · Other Institutional Lenders
Jan 9, 2013
$39,000
Robert A Brokaw
F R Funding Corporation
Warranty Deed
$33,000 · F R Funding Corporation
Dec 2, 2005
—
Bre Of Esa P Portfolio LLC
Bre Of Esa Properties LLC
Quit Claim Deed
related
—
May 21, 2004
—
Bre/esa Properties LLC
Esa 7502 INC
Quit Claim Deed
related
$2,050,000 · Bank Of America
Apr 6, 1998
$445,000
Esa 7502 INC
Case,r W
Grant Deed
—
—
—
Cl I LLC
—
Deed Of Trust
$192,400,000 · Spt Ca Fundings 2
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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