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Financial
Distress signals
Property profile

620 W Colorado Ave Colorado Springs, CO 80905

FOR SALE
Motels
Property ID
US13-1340958
1,680 SF 0.7 ac lot Built 1930
Last sale Sep 2021 · $1,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
620 W Colorado Ave, Colorado Springs, CO 80905 For Sale
Contact for pricing 1,680 SF
620 W Colorado Ave, Colorado Springs, CO 80905
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Property summary

AI-generated overview

The Springs Inn, a well-maintained, totally renovated (2023-2024) motel, presents a compelling investment opportunity in the heart of Colorado Springs, CO. This 2-story, solid brick building boasts 29 keys, providing substantial rental income potential. Located at 620 W Colorado Ave, 80905, the property enjoys a prime location within walking distance of downtown Colorado Springs. The substantial building size of 20,806 square feet sits on a generous 30,275 square foot lot, offering ample…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$124k
Assessed land$44k
Assessed improvement$81k

Value estimate

· Oct 2026
$1.59M
$1.43M – $1.74M
AI approach$1.57M
NOI build-up
Gross scheduled income$200k
Vacancy & credit loss−$30k
Operating expenses−$89k
NOI · 4.14% cap applied$81k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$242/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$161 – $381

Cap rate analysis

How does the asset earn?
4.14%
$81k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C6
JurisdictionEL PASO

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.0
Laundry Service8.6
Shoe Repair8.6

Location

620 W Colorado Ave Colorado Springs, CO 80905
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1647 Nevada, Colorado Springs, CO 80905-2221 $1,300,000 Jan 2023 6,550 SF
1411 Nevada, Colorado Springs, CO 80905-7428 $2,500,000 Dec 2022 11,264 SF
1621 Nevada, Colorado Springs, CO 80905 $3,500,000 Nov 2022 1,420 SF
1623 Nevada, Colorado Springs, CO 80905-2221 $3,500,000 Nov 2022 10,132 SF
1703 Nevada, Colorado Springs, CO 80905-2223 $4,250,000 Aug 2019 35,553 SF
1440 Harrison, Colorado Springs, CO 80905-4002 $18,500,000 Jun 2019 39,716 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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