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Property profile & analytics
OFF-MARKET
Motels
3612 Colorado Ave Colorado Springs, CO 80904-1914
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0532685
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1934
Construction
WOOD FRAME
Total area
2,139 SF
Lot
0.45 ac (19,500 SF)
Zoning code
C5 HS
APN
7403323009
UPID
US13-0532685
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
-
Maverick Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Iron Spring LLC · 4 yrs held
Iron Spring LLC
since 2022
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
C5 HS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,485
Tax year 2023
Assessed value
$71,030
Assessed 2023
Previous assessed
$71,030
+0.0% YoY
Effective rate
4.91%
On assessed value
Assessed land
$27,200
Assessed improvement
$43,830
Land market value
$97,500
Improvement market value
$157,091
Total market value
$254,591
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
1934
Construction
WOOD FRAME
Heating
SPACE
Buildings
2
Stories
1
Units
3
Total area
2,139 SF
Lot
0.45 ac (19,500 SF)
Zoning code
C5 HS
APN
7403323009
UPID
US13-0532685
Jurisdiction
EL PASO
Zoning & alternative use
C5 HS · Colorado Springs, CO
Zoning C5 HS · permitted uses
C5 HS · 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
1934
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
2
Units
3
Lot
0.45 ac
Current owner
From public records · entity-resolved
Iron Spring LLC
Entity
Mailing address
PO BOX 49115, COLORADO SPRINGS, CO 80949-9115
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
$880,000
Iron Spring LLC
Pemberton Trust
Warranty Deed
$660,000 · Park State Bank & Trust
Apr 15, 2020
—
Pemberton Trust
Arthur L Pemberton
Quit Claim Deed
related
—
Dec 5, 2018
—
Arthur L Pemberton
Pemberton,arthor L
Quit Claim Deed
related
—
Sep 21, 2018
—
Arthur L Pemberton
Pemberton Marie
Quit Claim Deed
related
—
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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