62-Key Interior-Corridor
For Sale
Contact for pricing
11909 West 6th Avenue, Golden, CO 80401
Renovated guest rooms, indoor recreation amenities, and on-site business and fitness facilities support lodging operations.
Property Size31,334 SF
Price / SF$143.61
Days on Market18
Property Features for 11909 West 6th Avenue
General Information
Standard status
Active
Size
31,334 SF
Property subtype
Hospitality
Additional Details
Highway Access
Yes
Amenities
indoor pool and hot tub
elevator
24-hour fitness center
24-hour business center
complimentary continental breakfast
Building Details
Year Built
1995
Year Renovated
2005
Stories
3
Listing Agency:
Matthews
Listed By:
Hunter Davis · License #100112735
Source:
Crexi
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 9:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This 31,334-square-foot hotel contains 62 keys across three stories with an interior-corridor layout. The property was built in 1995 and renovated in 2005, with additional guest room renovations completed between 2022 and 2023. On-site amenities include an indoor pool and hot tub, an elevator, a 24-hour fitness center, a 24-hour business center, and complimentary continental breakfast. Guest rooms and suites are configured to accommodate both conventional stays and longer visits.
The hotel has access to I-70, C-470, and US-6. Nearby commercial and institutional destinations identified for the property include Red Rocks Amphitheatre, St. Anthony Hospital, the Denver Federal Center, Colorado Mills, and the West Denver commercial corridor.
The hotel has access to I-70, C-470, and US-6. Nearby commercial and institutional destinations identified for the property include Red Rocks Amphitheatre, St. Anthony Hospital, the Denver Federal Center, Colorado Mills, and the West Denver commercial corridor.
Key Highlights
- 62‑key, three‑story hotel with an interior‑corridor layout
- 31,334 square feet with guest rooms and suites
- Guest room renovations completed between 2022 and 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$243,694
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,873,880
$4.9M
Cap Rate 7%
$3,481,343
$3.5M
Cap Rate 9%
$2,707,711
$2.7M
Market Conditions
NOI Build-Up for 31,334 SF
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.
Gross rent
$579.1K $18.48/SF
− Vacancy
−$66.0K −$2.11/SF
EGI
$513.0K $16.37/SF
− OpEx
−$269.3K −$8.60/SF
NOI
$243.7K $7.78/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,873,880
Cap Rate 7%
$3,481,343
Cap Rate 9%
$2,707,711
Alternative Uses
Best Use
Hotel Hospitality
$3.48M
$3.05M – $4.06M
NOI $243,694 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$69.73M
$61.01M – $81.35M
NOI $4,881,064 @ 7.0% cap · market cap 108.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 80401, CO
41,913
Population
17,762
Households
2.4
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
49.1 sq mi
ZIP Area
854
Density / Sq Mi
$112,444
Median Household Income
$53,936
Median Earnings
$1,868
Median Rent
$748,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Renovated guest rooms, indoor recreation amenities, and on-site business and fitness facilities support lodging operations.
Where is this hotel located?
The property is located at 11909 West 6th Avenue Golden, CO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 62‑key, three‑story hotel with an interior‑corridor layout; 31,334 square feet with guest rooms and suites; Guest room renovations completed between 2022 and 2023
