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    Fowler Motel with Highway Exposure Title is generated by Realmo AI

    602 E Cranston Ave, Fowler, CO 81039

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    Claim this Listing
    For Sale
    $585,000

    COMMERCIAL - Fowler, CO

    Property size:
    8,220 SF
    Lot size:
    1.66 Acres
    Price / SF:
    $71/SF
    Added:
    Feb 12, 2026
    Days on Market:
    104
    Last Refresh:
    May 27 at 12:06 am

    Property Features for 602 E Cranston Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Standard status
    Active
    APN
    437516304001
    Size
    8,220 SF
    Lot size
    1.66 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 1 BLK 1 STIFFLER 3RD FOWLER B796 P598 #593941; MS# 12C; RCPTN-BL-LT-SEC-16 TWN-22 RNG-59
    Tax Annual Amount
    1845

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating), Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    The All Star Team

    Listing agent The All Star Team

    Listing office The Saucedo Real Estate Group CO

    Listing date Feb 12, 2026

    MLS# 234637

    Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location with highway frontage exposure, attracting repeat guests.
    • Turnkey motel business with 16 units, office, and a 1,400 sq ft living quarter (3 bed, 2 bath) plus a studio apartment.
    • Recent updates include A/C in units, water heaters, boiler, flooring, paint, and fixtures.
    • Multiple additional buildings for rental income: 24 x 32 garage, 30 x 20 insulated shop, 40 x 10 parking shed, and 2 sheds.
    • Expansive parking lot suitable for various business expansions.
    • Includes a 24 x 32 garage with 29‑foot‑wide doors operated by electric remote controls.

    Overview

    This commercial property in Fowler, Colorado, features a motel with 16 units, an office, and a 1,400-square-foot living quarter with 3 bedrooms and 2 bathrooms. It also includes a studio apartment. Updates include A/C in units, water heaters, boiler, flooring, paint, and fixtures. The property has an expansive parking lot and highway frontage exposure. Additional buildings include a 24 x 32 garage with 29-foot-wide doors operated by electric remote controls, an 8 x 30 workshop which is for sale separately, a 30 x 20 insulated shop, and 2 sheds. There's also a 40 x 10 parking shed. The property is situated on a 1.657-acre lot. The property is suitable for an extended stay, transitional housing, or hospice care. The highway exposure attracts repeat guests from Kansas, Oklahoma, and Texas who are traveling to Denver. The property is zoned C. The property contains 8,220 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fowler Inn Hotel & Motel

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Fowler Inn — 602 E Cranston Ave, Fowler, CO 81039

    Location Insight

    • Map
    • Local Demand
    City
    Fowler
    County
    Otero
    State
    Colorado
    Longitude
    -104.0174749
    Latitude
    38.1302653

    Nearby Similar for Sale

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    • $525,000
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      Fowler Commercial Property with Solar

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    • $225,000
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      Updated Dual Zoned Commercial Property

      Newly updated commercial property with highway frontage and dual zoning.
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      Renovated Commercial Building in Fowler

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    FAQs

    What type of property is this?
    Motel - Sixteen-unit motel with living quarters and additional buildings for sale.
    Where is this motel located?
    The property is located at 602 E Cranston Ave Fowler, CO.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: High‑traffic location with highway frontage exposure, attracting repeat guests.; Turnkey motel business with 16 units, office, and a 1,400 sq ft living quarter (3 bed, 2 bath) plus a studio apartment.; Recent updates include A/C in units, water heaters, boiler, flooring, paint, and fixtures.
    (719) 320-1822
    We can help!
    Listing Contact
    The All Star Team
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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