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    625 1St St Akron, CO 80720

    For Sale
    $630,000

    Established Motel, High Cap Rate, Hwy 34 Frontage

    Property size:
    5,916 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Exceptional investment opportunity: a well-maintained motel in Akron, Colorado, boasting a commanding 23% capitalization rate and situated on Highway 34. This 13-room property, constructed in 1959, features a durable brick exterior and comprises nine double rooms and four single rooms, including one ADA-compliant single. The property also includes a valuable 1-bedroom manager's/owner's residence complete with a full kitchen, living room, bathroom, and laundry facilities. Further enhancing income potential is a rentable "Mess Hall" with a kitchen, ideal for meetings or events. The motel benefits from two water taps, a guest laundry facility, a separate housekeeping/laundry area, and an on-site ice machine. The 5,916 square-foot building sits on a 1.18-acre lot and is zoned for commercial use. This turnkey operation is ready for a new owner to capitalize on its established success and strong cash flow. The property's Net Operating Income (NOI) is $144,928, with an asking price of $630,000 and a price per square foot of $106.49. Located in Washington County, Colorado, with the address 625 E 1st St, Akron, CO 80720.

    Property Features for 625 1St St

    General Information

    Property type
    Motels
    Square Feet
    5,916 SF
    Lot Size
    51,401 SF

    Building Details

    Year Built
    1959

    HighLights

    • 5,916 sq ft building on a 1.18‑acre lot.
    • Built in 1959 with a brick exterior.
    • Commercially zoned.
    • 13‑room motel (9 doubles, 4 singles, 1 ADA‑compliant) plus a 1‑bedroom manager's residence and rentable mess hall.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Washington
    State
    Colorado
    Longitude
    -103.2053242
    Latitude
    40.15922693

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    FAQs

    What type of property is this?
    Motel - Established Motel, High Cap Rate, Hwy 34 Frontage
    Where is this motel located?
    The property is located at 625 1St St Akron, CO.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: 5,916 sq ft building on a 1.18-acre lot.; Built in 1959 with a brick exterior.; Commercially zoned.
    Request Owner's contact information
    625 1St St Akron, CO 80720
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    Akron, CO 80720
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    625 1St St Akron, CO 80720
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