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Property profile & analytics
OFF-MARKET
Estimated value
$4,890,000
Motels
6885 Spc Vlg Ave Colorado Springs, CO 80915
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1412415
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1983
Construction
WOOD FRAME
Total area
26,795 SF
Lot
2.19 ac (95,396 SF)
Zoning code
CC CAD-O
APN
5417000020
UPID
US13-1412415
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
$4.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$4.89M
Owner & transaction history
Mgl Hotels LLC · 4 yrs held
Mgl Hotels LLC
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
CC CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.1M
+10.1%
Auto repair, garage
$6.6M
+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
$4,670,000
ML approach
$4,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,490,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,140,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,595,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$6,445,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$5,720,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.89M
Range $4.40M – $5.38M · ±10% · vs last sale $5.05M (May 11 2022)
Last sale anchor
$5.05M
May 11 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
$182 / 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
$556,420
Assessed 2023
Previous assessed
$556,420
+0.0% YoY
Assessed land
$98,480
Assessed improvement
$457,940
Land market value
$352,965
Improvement market value
$1,641,387
Total market value
$1,994,352
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
1983
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
71
Total area
26,795 SF
Lot
2.19 ac (95,396 SF)
Zoning code
CC CAD-O
APN
5417000020
UPID
US13-1412415
Jurisdiction
EL PASO
Zoning & alternative use
CC CAD-O · Colorado Springs, CO
Zoning CC CAD-O · permitted uses
CC CAD-O · 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
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.4M
OFFICE BUILDING
Est. value
$5.7M
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
1983
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Units
71
Lot
2.19 ac
Current owner
From public records · entity-resolved
Mgl Hotels LLC
Entity
Mailing address
781 S 1ST ST, DENVER, CO 80224-1572
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
$5,049,000
Mgl Hotels LLC
Hem Hotels LLC
Special Warranty Deed
$4,335,000 · Hanmi Bank
Apr 29, 2019
—
Hem Hotels LLC
—
Deed
related
$1,954,000 · Firstbank
Feb 27, 2019
$3,400,000
Hem Hotels LLC
Kcom INC
Grant Deed
$1,954,000 · Firstbank
Aug 16, 2018
—
Kcom INC
—
Deed
related
$2,227,000 · Bank Of Hope
Dec 17, 2007
$4,150,000
Kcom INC
Beckett Of Value Inn LLP
Warranty Deed
$1,925,000 · Centerbank
Feb 8, 2005
—
Beckett Of Value Inn LLP
—
Trustees Deed
related
$500,000 · American Bank Of Commerce
Dec 8, 2004
—
Beckett Of Value Inn LLP
Value Inn & Suites LLC
Quit Claim Deed
related
—
Nov 15, 2004
—
Beckett Of Value Inn LLP
Iivs Hotel Management
Quit Claim Deed
related
$1,350,000 · American Bank Of Commerce
Nov 15, 2004
$1,300,000
Beckett Of Value Inn LLP
Value Inn & Suites LLC
Grant Deed
related
—
May 11, 1998
—
Value Inn & Suites LLC
Equity Holdings LLC
Grant Deed
$2,400,000 · Pw Real Estate Investments INC
Dec 31, 1997
—
Space Group Ltd
Space Group Ltd
Quit Claim Deed
related
—
Dec 31, 1997
$1,000,000
Equity Holdings LLC
Dockendorf Childrens Trust
Grant Deed
related
$2,000,000 · Miscellaneous Fin
—
—
Hem Hotels LLC
—
Deed Of Trust
related
$1,954,000 · Firstbank
—
—
Beckett Of Value Inn LLP
—
Deed Of Trust
related
$67,000 · American Bank Of Commerce
—
—
Kcom INC
—
Deed Of Trust
related
$1,227,000 · Front Range Regular Economic
—
—
Kcom INC
—
Deed Of Trust
related
$2,227,000 · Bank Of Hope
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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