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Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Motels
4385 Northpark Dr Colorado Springs, CO 80907-4222
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0579905
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,754 SF
Lot
1.87 ac (81,457 SF)
Zoning code
M1 CU
APN
6330207011
UPID
US13-0579905
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
-
Mikron Manufacturing Industrial Manufacturer Production Facility
-
Alba LLC Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.62M
Blend (final)
Blend
$4.88M
Owner & transaction history
Colorado Springs Hotels LLC · 5 yrs held
Colorado Springs Hotels LLC
since 2021
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
M1 CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.5M
+80.7%
Apartment house (5+ units)
$6.0M
+68.6%
Commercial (general)
$5.7M
+58.9%
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
$4,745,000
ML approach
$4,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,575,000
Current use
RESTAURANT
$6,455,000
Change: +81% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,020,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,675,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$4,040,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,930,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,630,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$3,550,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±10% · vs last sale $5.00M (Mar 22 2021)
Last sale anchor
$5.00M
Mar 22 2021
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
$330 / 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
$35,324
Tax year 2023
Assessed value
$653,090
Assessed 2023
Previous assessed
$653,090
+0.0% YoY
Effective rate
5.41%
On assessed value
Assessed land
$255,670
Assessed improvement
$397,420
Land market value
$916,391
Improvement market value
$1,424,459
Total market value
$2,340,850
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
3
Stories
3
Units
37
Total area
14,754 SF
Lot
1.87 ac (81,457 SF)
Zoning code
M1 CU
APN
6330207011
UPID
US13-0579905
Jurisdiction
EL PASO
Zoning & alternative use
M1 CU · Colorado Springs, CO
Zoning M1 CU · permitted uses
M1 CU · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.6M
RESTAURANT
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.7M
OFFICE BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.6M
HOTEL/MOTEL Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
3
Buildings
3
Units
37
Lot
1.87 ac
Current owner
From public records · entity-resolved
Colorado Springs Hotels LLC
Entity
Mailing address
3290 DUNES RD, MARINA, CA 93933-2005
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2021
$5,000,000
Colorado Springs Hotels LLC
Cplg Properties LLC
Limited Warranty Deed
$4,950,000 · Wallis State Bank
Sep 6, 2007
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
—
Feb 24, 2006
—
Bre Of Lq Properties LLC
Laquinta Properties INC
Grant Deed
$2,075,000,000 · * Other Institutional Lenders
—
—
Bre Of Lq Properties LLC
—
Deed Of Trust
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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