Motel Property with
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 Market112
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
Listed By:
Julie Piland
(970) 256-9700
Added: Jul 7
Changed: Oct 22
Last Checked: Oct 26 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This 1.7-acre hospitality property includes a motel, restaurant, lounge, laundromat, and a newer apartment building with four rental units. The 3,216-square-foot commercial property was built in 1981 and combines overnight accommodations, food service, gathering space, laundry service, and residential rentals in one operating complex. Paved lane access serves guests, tenants, and customers, while mountain views complement the Western Colorado setting.
The property fronts Highway 65 in Mesa, a small mountain community along the route to the Grand Mesa. Powderhorn Mountain Resort, hunting areas, and public lands are located minutes away, supporting visitor activity across multiple seasons. Highway 65 also connects with nearby communities and the I-70 corridor, providing access toward Grand Junction for regional shopping, airport services, medical care, and business resources.
The property fronts Highway 65 in Mesa, a small mountain community along the route to the Grand Mesa. Powderhorn Mountain Resort, hunting areas, and public lands are located minutes away, supporting visitor activity across multiple seasons. Highway 65 also connects with nearby communities and the I-70 corridor, providing access toward Grand Junction for regional shopping, airport services, medical care, and business resources.
Key Highlights
- Motel, restaurant, lounge, laundromat, and apartment building with four rental units
- 1.7‑acre property with 3,216 square feet of commercial space
- Four‑unit apartment building adds residential rental capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,260
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,200
$945.2K
Cap Rate 7%
$675,143
$675.1K
Cap Rate 9%
$525,111
$525.1K
Market Conditions
NOI Build-Up for 3,216 SF
Gross rent
$68.3K $21.24/SF
− Vacancy
−$5.3K −$1.65/SF
EGI
$63.0K $19.59/SF
− OpEx
−$15.8K −$4.90/SF
NOI
$47.3K $14.70/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,200
Cap Rate 7%
$675,143
Cap Rate 9%
$525,111
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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
Frequently Asked Questions
What type of property is this?
Motel - Multi-use hospitality property combines overnight lodging with restaurant, lounge, and laundry services.
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: Motel, restaurant, lounge, laundromat, and apartment building with four rental units; 1.7‑acre property with 3,216 square feet of commercial space; Four‑unit apartment building adds residential rental capacity
