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Property profile & analytics
OFF-MARKET
Estimated value
$14,560,000
Motels
5805 Delmonico Dr Colorado Springs, CO 80919-2200
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-2631287
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1999
Construction
WOOD FRAME
Total area
77,291 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PBC HS
APN
6318304008
UPID
US13-2631287
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
-
North Pointe Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.58M
Blend (final)
Blend
$14.56M
Owner & transaction history
Delmonico Apartments LLC · 4 yrs held
Delmonico Apartments LLC
since 2021
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
PBC HS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$20.6M
+10.1%
Auto repair, garage
$19.0M
+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
$13,765,000
ML approach
$10,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$18,715,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$20,600,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,025,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$18,590,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$16,240,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$14.56M
Range $13.10M – $16.02M · ±10% · vs last sale $14.50M (Sep 16 2021)
Last sale anchor
$14.50M
Sep 16 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
$188 / 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
$138,693
Tax year 2023
Assessed value
$2,191,630
Assessed 2023
Previous assessed
$2,191,630
+0.0% YoY
Effective rate
6.33%
On assessed value
Assessed land
$269,220
Assessed improvement
$1,922,410
Land market value
$964,938
Improvement market value
$6,890,375
Total market value
$7,855,313
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
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
127
Total area
77,291 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PBC HS
APN
6318304008
UPID
US13-2631287
Jurisdiction
EL PASO
Zoning & alternative use
PBC HS · Colorado Springs, CO
Zoning PBC HS · permitted uses
PBC HS · 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
$18.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.6M
AUTO REPAIR, GARAGE
Est. value
$19.0M
MEDICAL BUILDING
Est. value
$18.6M
RETAIL STORES
Est. value
$16.2M
HOTEL/MOTEL Current
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
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
127
Lot
2.84 ac
Current owner
From public records · entity-resolved
Delmonico Apartments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3255 W MARCH LN STE #400, STOCKTON, CA 95219-2352
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
—
Delmonico Apartments LLC
H H Acquisition Cs LLC
Correction Deed
related
—
Sep 16, 2021
$14,500,000
Delmonico Apartments LLC
Hh Acquisition Cs LLC
Special Warranty Deed
$10,000,000 · Arixa Institutional Lending Partner
Oct 10, 2019
—
Hh Acquisition Cs LLC
—
Grant Deed
related
$8,400,000 · Yam Cap III LLC
Oct 4, 2019
$12,135,000
Hh Acquisition Cs LLC
Hh Co Springs LLC
Trustees Deed
$8,400,000 · Yam Cap III LLC
Dec 21, 2016
$8,000,000
Hh Co Springs LLC
Wps Hh Colorado Springs LLC
Grant Deed
related
—
May 22, 2012
—
Rlj III-sf Colorado Springs Ll
—
Deed Of Trust
related
$85,000,000 · Pnc Bank
Jul 30, 2008
$9,506,203
Rlj III-sf Colorado Springs Ll
Brad-sum Colorado Springs LLC
Grant Deed
—
Apr 3, 2007
—
Brad-sum Colorado Springs LLC
—
Grant Deed
related
$48,000,000 · Lehman Capital Corp
Mar 6, 2006
$6,615,800
Brad-sum Colorado Springs LLC
Intervest-bradford IV Ltd
Grant Deed
$86,300,000 · Lehman Capital Corp
May 14, 1999
—
Intervest Centurion LLC
Intervest-bradford III Ltd
Quit Claim Deed
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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