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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Motels
626 Manitou Ave Manitou Springs, CO 80829-1808
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0858434
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1951
Construction
WOOD FRAME
Total area
8,776 SF
Lot
0.38 ac (16,597 SF)
Zoning code
DWTN
APN
7405438002
UPID
US13-0858434
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
$1.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Sunada Construction INC · 2 yrs held
Sunada Construction INC
since 2023
7 recorded transactions
Zoning & alternative use
DWTN · 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%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$119 / 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
$237,150
Assessed 2023
Previous assessed
$237,150
+0.0% YoY
Assessed land
$37,510
Assessed improvement
$199,640
Land market value
$134,436
Improvement market value
$715,564
Total market value
$850,000
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
Off-Market
Year built
1951
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
8,776 SF
Lot
0.38 ac (16,597 SF)
Zoning code
DWTN
APN
7405438002
UPID
US13-0858434
Jurisdiction
EL PASO
Zoning & alternative use
DWTN · Manitou Springs, CO
Zoning DWTN · permitted uses
DWTN · 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
1951
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Sunada Construction INC
Entity
Free & Clear · 2 yrs held
Mailing address
626 MANITOU AVE, MANITOU SPRINGS, CO 80829-1808
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
—
Sunada Construction INC
Manitou Spring24 LLC
Correction Deed
related
—
Dec 9, 2022
—
Manitou Spring24 LLC
Manitou Spring24 LLC
Intrafamily Transfer
related
—
Jul 21, 2022
$2,700,000
Manitou Spring24 LLC
Aleece A Oprzedek Gronski
Special Warranty Deed
—
Nov 21, 2018
—
Aleece A Oprezedek Gronski
Casey Growski
Warranty Deed
$276,810 · Pikes Peak National Bank
—
—
Casey Gronski
—
Deed Of Trust
related
$305,000 · First National Bank
—
—
Casey Gronski
—
Deed Of Trust
related
$328,930 · First United Bank
—
—
Casey Gronski
—
Deed Of Trust
related
$16,800 · Us Small Business Admn
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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