Historic Boutique Hotel and
301 Victor Avenue Victor, CO 80860
301 Victor Avenue, Victor, CO, 80860
$2,225,000
For Sale
$2,225,000
Turnkey boutique hotel, event venue, and coffee shop for sale.
Property Size7,394 SF
Lot Size0.08 Acres
Price / SF$300.92
Days on Market254
Property Features for 301 Victor Avenue
General Information
- Standard status
- Active
- Size
- 7,394 SF
- Lot size
- 0.08 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1899
Listing Agency
QORE REAL ESTATE & AUCTIONS
(303) 802-0003
Listed by
BRANDON GRAY · License #100066588
Source
Corcoran
Added: Nov 5, 2025 Checked: Jul 17 at 3:37 am
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 with 7 guest rooms, an event venue, a gift shop, and a coffee shop. Located in the historic mountain town of Victor, Colorado, the building is situated in the heart of the historic district. The building, once a brothel and casino, has been completely renovated and is a fully functioning commercial building with four sources of income, all of which are turnkey 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 and casino, now a fully functioning commercial building
- Substantial Recent Renovations: New roof in 2024, sewage and water main replaced in 2018
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.3k | $21.00 |
| − Vacancy | −$6.2k | −$0.84 |
| EGI | $149.1k | $20.16 |
| − OpEx | −$37.3k | −$5.04 |
| NOI | $111.8k | $15.12 |
7,394 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.86M
NOI $111,797 @ 7.0% cap · market cap 5.02%
Second Best
Retail
$1.50M
$1.31M – $1.74M
NOI $104,657 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,288 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
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FAQs
What type of property is this?
Hotel - Turnkey boutique hotel, event venue, and coffee shop for sale.
Where is this hotel located?
The property is located at 301 Victor Avenue Victor, CO.
What is the asking price?
The asking price for this property is $2,225,000.
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 and casino, now a fully functioning commercial building; Substantial Recent Renovations: New roof in 2024, sewage and water main replaced in 2018
