Motel With Restaurant And
For Sale
$1,500,000
10900 Highway 65, Mesa, CO 81643
Commercial Sale, Mesa, CO
Property Size3,216 SF
Lot Size1.70 Acres
Price / SF$466.42
Days on Market138
Property Features for 10900 Highway 65
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Security features
Security System
Subdivision
Out of Area
Lot features
Landscaped
Directions
From I-70, exit 49 to Hwy 65. Wagon Wheel is on the left side of Highway.
Standard status
Active
APN
271329200021
Size
3,216 SF
Lot size
1.70 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Parcel 1 BEG 473FT S OF NW COR SEC 29 10S 96W E 155FT S 143FT W 155FT N 143FT TO BEG EXC HWY AS DESC IN B-1000 P-382 TO 384 CO CLKS OFF Parcel 2 BEG 180FT S & 155FT E OF NW COR SEC 29 10S 96W E 120FT S 436FT W 120FT N 436FT TO BEG
Tax Annual Amount
19270
Legal Description
Parcel 1 BEG 473FT S OF NW COR SEC 29 10S 96W E 155FT S 143FT W 155FT N 143FT TO BEG EXC HWY AS DESC IN B-1000 P-382 TO 384 CO CLKS OFF Parcel 2 BEG 180FT S & 155FT E OF NW COR SEC 29 10S 96W E 120FT S 436FT W 120FT N 436FT TO BEG
Utilities
Water source
Public
Building Details
Year built
1981
Building materials
Frame
Roof type
Metal
Listing Agency:
United Country Real Colorado Properties
(970) 256-9700
Listed By:
Julie Piland
(970) 985-0913
Added: Jun 8
Changed: Oct 8
Last Checked: Oct 23 at 7:06PM
MLS# 193194
Copyright © 2026 Aspen Glenwood MLS. 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 commercial hospitality property in Mesa, Colorado, combines motel accommodations with a restaurant, lounge, laundromat, and a newer apartment building containing four rental units. The improvements total 3,216 square feet on 1.7 acres and include frame construction, a metal roof, and public water service. Built in 1981, the property is zoned Commercial.
The site is located at 10900 Highway 65, along the corridor leading toward Powderhorn Mountain Resort, Grand Mesa recreation areas, public lands, and nearby mountain communities. Highway access also connects with the I-70 corridor and Grand Junction. The property serves as a lodging, dining, and service-oriented commercial destination with multiple existing components.
The site is located at 10900 Highway 65, along the corridor leading toward Powderhorn Mountain Resort, Grand Mesa recreation areas, public lands, and nearby mountain communities. Highway access also connects with the I-70 corridor and Grand Junction. The property serves as a lodging, dining, and service-oriented commercial destination with multiple existing components.
Key Highlights
- Motel property with restaurant, lounge, laundromat, and rental units
- Newer apartment building with 4 rental units
- 3,216 square feet of improvements on 1.7 acres
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.
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Motel - Commercial property combining overnight lodging with a restaurant, lounge, laundromat, and four-unit rental building.
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 property with restaurant, lounge, laundromat, and rental units; Newer apartment building with 4 rental units; 3,216 square feet of improvements on 1.7 acres
