Technical
Financial
Distress signals
Property profile

512 Nevada Ave Colorado Springs, CO 80903

OFF-MARKET
Motels
Property ID
US13-0826887
13,871 SF 0.44 ac lot Built 1963
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,871 SF
Lot 0.44 ac (19,000 SF)
Zoning code FBZ-COR
APN 6418318010
UPID US13-0826887

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Vacation Rental

Location

512 Nevada Ave Colorado Springs, CO 80903-3923
Colorado Springs metro Census 2300 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.71M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.23M
Blend (final) Blend
$2.76M

Owner & transaction history

since 2021
Last sale
$2.9M
7 recorded transactions
2023
Price N/A
2023
Price N/A
2023
Price N/A
2023
Price N/A
2023
Price N/A
2022
Price N/A
2022
Price N/A

Zoning & alternative use

FBZ-COR · Colorado Springs, CO
Zoning description

$1f

General category UNKNOWN
Top alternative use upside
Neighborhood: shopping center $3.7M +10.1%
Office building $3.5M +3.0%
Auto repair, garage $3.4M +1.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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