Back to Search
Property profile & analytics
FOR SALE
Motels
56 El Paso Blvd Manitou Springs, CO 80829
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US13-0048563
For Sale
1 / 9
$2,500,000
56 El Paso Blvd, Manitou Springs, CO 80829
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1961
Construction
WOOD FRAME
Total area
11,588 SF
Lot
0.44 ac (19,000 SF)
Zoning code
C
APN
7404408005
UPID
US13-0048563
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
56 El Paso Blvd LLC · 13 yrs held
56 El Paso Blvd LLC
since 2012
5 recorded transactions
Zoning & alternative use
C · Manitou 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 Manitou Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitou 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,340,000
7%
$1,245,000
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10%
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
$88 / 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
$13,673
Tax year 2023
Assessed value
$198,920
Assessed 2023
Previous assessed
$198,920
+0.0% YoY
Effective rate
6.87%
On assessed value
Assessed land
$25,180
Assessed improvement
$173,740
Land market value
$90,250
Improvement market value
$622,727
Total market value
$712,977
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Year built
1961
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Units
18
Total area
11,588 SF
Lot
0.44 ac (19,000 SF)
Zoning code
C
APN
7404408005
UPID
US13-0048563
Jurisdiction
EL PASO
Zoning & alternative use
C · Manitou Springs, CO
Zoning C · permitted uses
C · Manitou Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manitou Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Units
18
Lot
0.44 ac
Current owner
From public records · entity-resolved
56 El Paso Blvd LLC
Entity
Mailing address
PO BOX 771873, STEAMBOAT SPRINGS, CO 80477-1873
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2016
—
56 El Paso Blvd LLC
—
Deed
related
$450,000 · Northstar Bank Of Colorado
Nov 29, 2012
$483,600
56 El Paso Blvd LLC
Red Wing Motel LLC
Grant Deed
$435,240 · Mamie N Haddock
Jul 6, 2011
—
Mamie N Haddock
Manitou Wings Management LLC
Grant Deed
—
Mar 15, 2004
$950,000
Manitou Wings Management LLC
Haddock,mamie N
Warranty Deed
$855,000 · Mamie N Haddock
Feb 9, 2004
$889,295
Mamie N Haddock
Manista,krzystzof & Katarzyna
Trustees Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
