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Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Motels
8350 Razorback Rd Colorado Springs, CO 80920-3953
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2468929
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
WOOD FRAME
Total area
18,688 SF
Lot
0.51 ac (22,381 SF)
Zoning code
PBC
APN
6305104009
UPID
US13-2468929
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
-
Olympia Inn Colorado Springs Air Force Academy Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Rsms Investment LLC · 2 yrs held
Rsms Investment LLC
since 2024
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
PBC · Colorado 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 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
$2,660,000
ML approach
$2,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,380,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±10% · vs last sale $2.66M (Apr 22 2024)
Last sale anchor
$2.66M
Apr 22 2024
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
$142 / 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
$31,042
Tax year 2023
Assessed value
$504,350
Assessed 2023
Previous assessed
$504,350
+0.0% YoY
Effective rate
6.15%
On assessed value
Assessed land
$103,030
Assessed improvement
$401,320
Land market value
$369,287
Improvement market value
$1,438,422
Total market value
$1,807,709
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
1998
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
4
Units
33
Total area
18,688 SF
Lot
0.51 ac (22,381 SF)
Zoning code
PBC
APN
6305104009
UPID
US13-2468929
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, COZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.4M
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
1998
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
4
Units
33
Lot
0.51 ac
Current owner
From public records · entity-resolved
Rsms Investment LLC
Entity
Mailing address
8350 RAZORBACK RD, COLORADO SPRINGS, CO 80920-3953
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
$2,660,000
Rsms Investment LLC
Ryu Investments LLC
Warranty Deed
$2,176,000 · Open Bank
Dec 9, 2022
—
Ryu Investment LLC
Seong Yoon Ryu
Quit Claim Deed
related
$1,365,000 · Alpine Bank
Aug 10, 2017
—
Seong Y Ryu
—
Deed
related
$1,080,000 · Pacific Cty Bk
Mar 24, 2016
$1,930,000
Seong Yoon Ryu
Razorback Invest LLC
Warranty Deed
$1,322,000 · Pacific City Bank
Aug 2, 2013
$1,700,000
Razorback Invest LLC
Rock Solid Invs Air Academy Ll
Warranty Deed
$1,376,600 · Canon National Bank
Mar 9, 2012
$1,400,000
Rock Solid Invs Air Academy Ll
Jack Wojdyla Ents INC
Warranty Deed
$700,000 · Canon National Bank
Aug 3, 2010
$930,122
Jack Wojdyla Ents INC
Zions First Natl Bk
Grant Deed
$700,000 · Zions First National Bank
Apr 1, 2010
—
Zions First Natl Bk
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Mar 11, 2010
$927,749
Arkadiusz Bien
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$1,058,750
Mar 3, 2008
$2,050,350
Arkadiusz Bien
Dixon,susan O
Warranty Deed
$1,058,750 · Zions First National Bank
Nov 1, 2006
$1,650,000
Susan O Dixon
Zjr INC
Warranty Deed
$1,065,000 · Zions First National Bank
Aug 12, 2002
$1,825,000
Zjr INC
A&y Kims INC
Grant Deed
$684,400 · Zions First National Bank
Nov 1, 2001
—
A & Y Kims INC
Tnc Holdings Ltd
Quit Claim Deed
related
—
Sep 3, 1998
—
Ashwin Amim
—
Grant Deed
related
$100,000 · Minnequa Bank Of Pueblo
—
—
Ashwin Amin
—
Deed Of Trust
related
$1,004,911 · Minnequa Bank Of Pueblo
—
—
Rock Solid Invs Air Academy Ll
—
Deed Of Trust
related
$434,000 · Community Economic Dev Co Co
—
—
Razorback Invest LLC
—
Loan Modification
related
$860,375 · Canon National Bank
—
—
Razorback Invest LLC
—
Loan Modification
related
$860,375 · Canon National Bank
—
—
Razorback Invest LLC
—
Deed Of Trust
related
$530,000 · Pikes Peak Regional Dev Corp
—
—
Zjr INC
—
Deed Of Trust
related
$684,400 · Borrego Springs Bank
—
—
Seong Y Ryu
—
Deed Of Trust
related
$1,080,000 · Pacific Cty Bk
—
—
Lucyna Bien
—
Deed Of Trust
related
$744,000 · Front Range Regular Economic
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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