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    700 Ohio Street Silver Cliff, CO 81252

    View on Map
    For Sale
    $869,000

    COMMERCIAL - Silver Cliff, CO

    Property size:
    6,129 SF
    Lot size:
    1.00 Acre
    Added:
    Jul 27, 2025
    Days on Market:
    251
    Last Refresh:
    Apr 3 at 10:06 pm

    Property Features for 700 Ohio Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0010199350
    Size
    6,129 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    LOTS 9 THRU 16 BLOCK 13 TOWN OF SILVER CLIFF
    Tax Annual Amount
    4244

    Utilities

    Cooling system
    Evaporative Cooling
    Water source
    Public

    Building Details

    Year built
    1954

    We can help!

    Listing Contact
    Jackie Shepherd
    Jackie Shepherd

    Listing agent Jackie Shepherd License #100084127

    Listing office Uc Wapiti Ranch Realty & Auction Llc 217 Main Street, Westcliffe, CO

    Listing date Jul 27, 2025

    MLS# 71143

    Copyright © 2026 Royal Gorge Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Silver Cliff Mountain Inn

    The Silver Cliff Mountain Inn, also known as Willie's Place, presents a business opportunity in Silver Cliff, Colorado. This 3,316 square-foot commercial building has been a breakfast and lunch establishment in Custer County since 2012. The building features a remodeled kitchen and prep area, along with a partially renovated dining space. Recent upgrades include a new roof, fresh paint, and new swamp coolers, complementing the kitchen remodel. The property also includes a 2-bedroom, 1-bath living space with new Armstrong flooring. The remaining 1,963 square feet of the property comprises six motel rooms. Room 1 is fully remodeled and ready for guests, while Room 2 has commenced renovations. The property sits on a 1-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Home Appliance Store (Bike/Boat/Book/etc) Store Restaurant (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Garden Center Furniture & Home Goods Car Rental Facility Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Robert Cooper — 606 South St, Westcliffe, CO 81252

    Location Insight

    • Map
    • Local Demand
    City
    Silver Cliff
    County
    Custer
    State
    Colorado
    Longitude
    -105.441367
    Latitude
    38.135253

    Nearby Similar for Sale

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      Silver Cliff Mixed-Use Property

      Versatile mixed-use property with highway frontage in Silver Cliff, Colorado.
      360 E MAIN, Silver Cliff, CO 81252
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      Silver Cliff Multifamily Investment Property

      Four-unit multifamily property in historic Silver Cliff, Colorado.
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    • $879,000
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      Silver Cliff Mountain Inn

      Established restaurant and motel with growth potential in Silver Cliff.
      700 Ohio Street, Silver Cliff, CO 81252
      View Details

    FAQs

    What type of property is this?
    Motel - Established business with growth potential in Silver Cliff, Colorado.
    Where is this motel located?
    The property is located at 700 Ohio Street Silver Cliff, CO.
    What is the asking price?
    The asking price for this property is $869,000.
    What are key features of this property?
    This property features: Established breakfast and lunch business (Willie's Place) with a 12‑year operating history and loyal customer base.; 3,316 sq ft commercial building with a **newly remodeled kitchen and prep area.**; Includes a 2‑bedroom, 1‑bath living space with **new Armstrong waterproof flooring,** ideal for owner/manager.
    (214) 577-5421
    We can help!
    Listing Contact
    Jackie Shepherd
    Jackie Shepherd
    Real Estate License ID: 100084127
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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