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Property profile & analytics
OFF-MARKET
Estimated value
$5,020,000
Motels
520 Murray Blvd Colorado Springs, CO 80915-3404
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0362725
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,074 SF
Lot
1.53 ac (66,647 SF)
Zoning code
PBC AO
APN
6411307069
UPID
US13-0362725
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
-
Rodeway Inn Central Colorado Springs Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.02M
Owner & transaction history
Tjsj LLC · 3 yrs held
Tjsj LLC
since 2022
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
PBC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.3M
+10.1%
Auto repair, garage
$7.7M
+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
$4,765,000
ML approach
$5,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,525,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,280,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,650,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$7,475,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$6,635,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.02M
Range $4.52M – $5.52M · ±10% · vs last sale $5.15M (Oct 5 2022)
Last sale anchor
$5.15M
Oct 5 2022
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
$162 / 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
Assessed value
$976,500
Assessed 2023
Previous assessed
$976,500
+0.0% YoY
Assessed land
$162,700
Assessed improvement
$813,800
Land market value
$583,153
Improvement market value
$2,916,847
Total market value
$3,500,000
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
69
Total area
31,074 SF
Lot
1.53 ac (66,647 SF)
Zoning code
PBC AO
APN
6411307069
UPID
US13-0362725
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.6M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
69
Lot
1.53 ac
Current owner
From public records · entity-resolved
Tjsj LLC
Entity
Mailing address
10551 E ORCH PL, ENGLEWOOD, CO 80111-5744
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
$5,150,000
Tjsj LLC
Yh Hotels LLC
Special Warranty Deed
$4,240,000 · Hanmi Bank
Mar 2, 2020
—
Yh Hotels LLC
—
Deed
related
$1,141,000 · Colorado Lndg Source
Feb 11, 2020
$3,550,000
Yh Hotels LLC
Pak Hotels LLC
Warranty Deed
$1,858,878 · Firstbank
Aug 27, 2018
$3,800,000
Pak Hotels LLC
Nam Jaeyoung
Warranty Deed
$2,850,000 · Noa Bank
Nov 9, 2016
—
Nam Jaeyoung
—
Deed
related
$840,000 · Firstbank
Apr 1, 2016
$1,325,554
Nam Jaeyoung
Set Group LLC
Grant Deed
$425,465 · Private Individual
Apr 1, 2016
—
Nyj INC
—
Trustees Deed
related
$400,088 · Private Individual
Jan 21, 2016
—
Set Group LLC
—
Trustees Deed
related
$926,814 · Private Individual
Jan 14, 2016
—
Set Group LLC
Deputy Public Te Of El Paso Cnty|khan Hotels LLC
Trustees Deed
related
—
Dec 10, 2015
$912,045
Khan Hotels LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$950,000
Nov 1, 2011
$1,200,000
Khan Hotels LLC
Andrews Hospitality LLC
Grant Deed
$950,000 · J Craig Mcbride
Jul 20, 2006
—
J Craig Mcbride
Andrews Hospitality LLC
Grant Deed
—
Apr 29, 2002
$1,025,000
Andrews Hospitality LLC
Executive Manor Colorado Sprin
Grant Deed
$572,400 · Guaranty Bank & Trust Co
—
—
Yh Hotels LLC
—
Deed Of Trust
related
$1,858,878 · Firstbank
—
—
Yh Hotels LLC
—
Deed Of Trust
related
$1,141,000 · Colorado Lndg Source
—
—
Nam Jaeyoung
—
Deed Of Trust
related
$840,000 · Firstbank
—
—
Andrews Hospitality LLC
—
Deed Of Trust
related
$412,000 · Pikes Peak Regional Dev Corp
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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