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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Motels
4700 Nevada Ave Colorado Springs, CO 80918-3913
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2747205
Property summary
AI-generated overview
This 12-unit motel in Colorado Springs, Colorado presents a compelling investment opportunity. Located at 4700 N Nevada Ave, this 3,529 square foot property sits on a 0.56-acre lot and boasts a highly visible location. Built in 1954, the property is zoned C6, offering diverse redevelopment potential beyond its current use as a profitable motel. The asking price is $1,100,000, representing a price per square foot of $311.70. Financial projections indicate a 9.8% cap rate and a projected 2024 Net Operating Income (NOI) of $108,696.34. Additional income is generated from a billboard, yielding approximately $5,000 annually. 2023 property taxes totaled $6,237.18. The property includes a large on-site manager's suite and benefits from two buildings. This unique property offers a strong return on investment with significant upside potential for future development or continued operation as a successful motel. The property's prime location and flexible zoning make it an attractive proposition for savvy investors seeking a strong cash flow and long-term growth.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,529 SF
Lot
0.56 ac (24,427 SF)
Zoning code
C6
APN
6319402020
UPID
US13-2747205
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
-
Big Horn Lodge Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$865k
Owner & transaction history
Big Horn Lodge LLC · 4 yrs held
Big Horn Lodge LLC
since 2021
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+58.9%
Neighborhood: shopping center
$940,000
+10.1%
Auto repair, garage
$870,000
+1.7%
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
$855,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$855,000
Current use
COMMERCIAL (GENERAL)
$1,360,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$870,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$740,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $900k (Jul 27 2021)
Last sale anchor
$900k
Jul 27 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
$245 / 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
$6,237
Tax year 2023
Assessed value
$122,220
Assessed 2023
Previous assessed
$122,220
+0.0% YoY
Effective rate
5.10%
On assessed value
Assessed land
$61,680
Assessed improvement
$60,540
Land market value
$221,064
Improvement market value
$216,982
Total market value
$438,046
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
6
Total area
3,529 SF
Lot
0.56 ac (24,427 SF)
Zoning code
C6
APN
6319402020
UPID
US13-2747205
Jurisdiction
EL PASO
Zoning & alternative use
C6 · Colorado Springs, CO
Zoning C6 · permitted uses
C6 · 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
$855,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$870,000
MEDICAL BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$740,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
6
Lot
0.56 ac
Current owner
From public records · entity-resolved
Big Horn Lodge LLC
Entity
Mailing address
4700 N NEVADA AVE, COLORADO SPRINGS, CO 80918-3913
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
Oct 2, 2023
—
Big Horn Lodge LLC
—
Deed
related
$865,000 · East West Bank
Jul 27, 2021
$900,000
Big Horn Lodge LLC
Serom INC
Special Warranty Deed
$630,000 · 5star Bank
Jul 23, 2003
—
Serom INC
Yoo,jeong R
Quit Claim Deed
related
—
May 23, 2003
$460,000
Jeong R Yoo
Yoo Jin Hospitality INC
Grant Deed
related
$299,000 · Premier Bank
Dec 7, 2001
$460,000
Yoo Jin Hospitality INC
Byrniarski,teresa & Jan
Grant Deed
$300,000 · Premier Bank
Jul 15, 1998
$280,000
Teresa Bryniarski
Pietraszek,adam & Katherine B
Grant Deed
$142,568 · First Community Ind Bank
—
—
Serom INC
—
Deed Of Trust
related
$311,600 · Premier Bank
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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