Historic Victor Boutique Hotel
For Sale
$949,000
301 Victor Ave, Victor, CO 80860
Turn-key boutique hotel with multiple income streams in historic Victor.
Property Size7,394 SF
Lot Size0.08 Acres
Price / SF$130
Days on Market211
Property Features for 301 Victor Ave
General Information
Standard status
Active
Size
7,394 SF
Lot size
0.08 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,048
Building Details
Building Size
7,394 SF
Year Built
1899
Units
4
Listing Agency:
QORE REAL ESTATE & AUCTIONS
Listed By:
Brandon Gray · License #10066588
(303) 802-0003
Source:
Elliman
Added: Mar 11
Changed: Sep 22
Last Checked: Oct 5 at 7:16PM
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 QORE REAL ESTATE & AUCTIONS
Investment Insights
Based on property information with market context.
This 7,300 square foot commercial building operates as a boutique hotel featuring 7 guest rooms, an event venue, a gift shop, and a coffee shop. Located in the historic mountain town of Victor, Colorado, the property is situated in the heart of the historic district. The building has been renovated and has a history as a former brothel and casino. The property offers four sources of income, all of which are turn-key ready. The roof was redone in 2024, and the sewage and water mains were replaced in 2018.
Key Highlights
- Four Turn‑Key Income Streams: Boutique hotel, event venue, gift shop, and coffee shop.
- Fully Renovated Historic Building: Originally a brothel & casino, now a fully functioning commercial building.
- Prime Location: Heart of the historic district in Victor, Colorado.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,278
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,560
$805.6K
Cap Rate 7%
$575,400
$575.4K
Cap Rate 9%
$447,533
$447.5K
Market Conditions
NOI Build-Up for 7,300 SF
Gross rent
$96.4K $13.20/SF
− Vacancy
−$11.6K −$1.58/SF
EGI
$84.8K $11.62/SF
− OpEx
−$44.5K −$6.10/SF
NOI
$40.3K $5.52/SF
Area
Teller County, CO
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,560
Cap Rate 7%
$575,400
Cap Rate 9%
$447,533
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.72M
NOI $103,327 @ 7.0% cap · market cap 10.89%
Second Best
Hotel Hospitality
$575.4K
$503.5K – $671.3K
NOI $40,278 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,607 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 80860, CO
547
Population
409
Households
1.3
Avg Household Size
53
Median Age
17%
College-Educated
93%
High-School Grad
69.8 sq mi
ZIP Area
8
Density / Sq Mi
$53,333
Median Household Income
$29,955
Median Earnings
$615
Median Rent
$184,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Hotel - Turn-key boutique hotel with multiple income streams in historic Victor.
Where is this hotel located?
The property is located at 301 Victor Ave Victor, CO.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four Turn‑Key Income Streams: Boutique hotel, event venue, gift shop, and coffee shop.; Fully Renovated Historic Building: Originally a brothel & casino, now a fully functioning commercial building.; Prime Location: Heart of the historic district in Victor, Colorado.
