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Property profile & analytics
OFF-MARKET
Estimated value
$8,235,000
Motels
8280 Voyager Pkwy Colorado Springs, CO 80920-5508
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1142757
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,926 SF
Lot
2.03 ac (88,427 SF)
Zoning code
PBC
APN
6305104004
UPID
US13-1142757
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
-
Studio 6 Colorado Springs, CO Hotel & Motel Vacation Rental
-
Motel 6 Colorado Springs, CO - Air Force Academy Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.24M
Owner & transaction history
Param Ganesh Cosp LLC · 4 yrs held
Param Ganesh Cosp LLC
since 2022
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
PBC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.4M
+68.6%
Commercial (general)
$12.7M
+58.9%
Neighborhood: shopping center
$8.8M
+10.1%
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
$7,865,000
ML approach
$8,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,975,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,440,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,665,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,775,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,105,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$7,920,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$7,715,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$8.24M
Range $7.41M – $9.06M · ±10% · vs last sale $8.50M (May 27 2022)
Last sale anchor
$8.50M
May 27 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
$250 / 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
$1,461,080
Assessed 2023
Previous assessed
$1,461,080
+0.0% YoY
Assessed land
$276,310
Assessed improvement
$1,184,770
Land market value
$990,371
Improvement market value
$4,246,504
Total market value
$5,236,875
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
5
Units
74
Total area
32,926 SF
Lot
2.03 ac (88,427 SF)
Zoning code
PBC
APN
6305104004
UPID
US13-1142757
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, CO
Zoning PBC · permitted uses
PBC · 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
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.4M
COMMERCIAL (GENERAL)
Est. value
$12.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.7M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
5
Buildings
2
Units
74
Lot
2.03 ac
Current owner
From public records · entity-resolved
Param Ganesh Cosp LLC
Entity
Mailing address
415 SW MONTGOMERY ST, PORTLAND, OR 97201-5518
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$8,500,000
Param Ganesh Cosp LLC
Kyle Lundy
Special Warranty Deed
$6,270,609 · The Pueblo Bank And Trust Co
Jan 29, 2018
$3,805,000
Co Springs Motel Lor LLC
Shapla LLC
Warranty Deed
$3,487,178 · Advantage Bank
Aug 16, 2013
$2,900,000
Shapla LLC
Triple Yong INC
Warranty Deed
$2,465,000 · Bbu Bank
—
—
Triple Yong INC
—
Deed Of Trust
related
$50,000 · Donald R & Elaine Dreiske
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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