Multi-Business Hospitality
For Sale
$1,500,000
10900 Highway 65, Mesa, CO 81643
COMMERCIAL - Mesa, CO
Property Size3,216 SF
Lot Size1.70 Acres
Price / SF$466.42
Days on Market25
Property Features for 10900 Highway 65
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From I-70, exit 49 to Hwy 65. Wagon Wheel is on the left side of Highway.
Standard status
Active
Size
3,216 SF
Lot size
1.70 Acres
Building Details
Year built
1981
Listing Agency:
Real Colorado Properties
(970) 256-9700
Listed By:
Julie Piland · License #FA100044654
(970) 256-9700
Added: Jul 7
Last Checked: Jul 31 at 9:06PM
MLS# 835705
Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established Western Colorado commercial property brings together multiple on-site businesses and residential units. The offering includes a motel, a restaurant and lounge (the Wagon Wheel Restaurant), a laundromat, and an additional newer building with four rental units. The property features a paved lane for access and is described as having all-season suitability for guests, tenants, and customers, with mountain views noted as part of the setting.
The businesses are located in the small, unincorporated community of Mesa along Highway 65, identified as the scenic byway to the Grand Mesa. The property is positioned to serve travelers and year-round outdoor recreation, with access through the Highway 65 corridor that connects to the I-70 corridor toward Grand Junction.
For operators and buyers seeking a single-site hospitality and income investment, this configuration provides multiple revenue streams under one umbrella, combining lodging with food and beverage, customer services via the laundromat, and longer-term rental opportunities through the four-unit apartment building. Owner financing is stated as being considered.
The businesses are located in the small, unincorporated community of Mesa along Highway 65, identified as the scenic byway to the Grand Mesa. The property is positioned to serve travelers and year-round outdoor recreation, with access through the Highway 65 corridor that connects to the I-70 corridor toward Grand Junction.
For operators and buyers seeking a single-site hospitality and income investment, this configuration provides multiple revenue streams under one umbrella, combining lodging with food and beverage, customer services via the laundromat, and longer-term rental opportunities through the four-unit apartment building. Owner financing is stated as being considered.
Key Highlights
- 1981‑built commercial property on Highway 65 in the unincorporated community of Mesa
- Multi‑business setup includes Wagon Wheel Restaurant, lounge, motel, and laundromat
- Includes a newer building with 4 rental units, expanding long‑term rental opportunities
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.3k | $21.24 |
| − Vacancy | −$5.3k | −$1.65 |
| EGI | $63.0k | $19.59 |
| − OpEx | −$15.8k | −$4.90 |
| NOI | $47.3k | $14.70 |
3,216 SF · lease $21.24/SF/yr · vacancy 7.75% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$675.1K
$590.8K – $787.7K
NOI $47,260 @ 7.0% cap · market cap 3.15%
Second Best
Multifamily LT 5
$456.9K
$399.8K – $533.1K
NOI $31,985 @ 7.0% cap · market cap 2.13%
Theoretical Best
Healthcare Medical
$6.10M
$5.34M – $7.12M
NOI $427,213 @ 7.0% cap · market cap 28.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 81643, CO
751
Population
639
Households
1.2
Avg Household Size
56
Median Age
36%
College-Educated
100%
High-School Grad
154.3 sq mi
ZIP Area
5
Density / Sq Mi
$125,469
Median Household Income
$59,201
Median Earnings
$581,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - High-visibility Mesa property combines a motel, restaurant and lounge with rental and service income components.
Where is this motel located?
The property is located at 10900 Highway 65 Mesa, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1981‑built commercial property on Highway 65 in the unincorporated community of Mesa; Multi‑business setup includes Wagon Wheel Restaurant, lounge, motel, and laundromat; Includes a newer building with 4 rental units, expanding long‑term rental opportunities
