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    Property profile & analytics

    20 Glasgow Ave Rico, CO 81332

    • Commercial real estate
    • 4,068 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Mine Shaft Grab-N-Go / Breakfast Restaurant
    • Rico Mine Shaft Inn / Bed & Breakfast / Lodge

    Property Details for 20 Glasgow Ave

    Year built
    1893
    Lot size
    0.22 lot acres
    Property size
    4,068 SF
    Property type
    Commercial real estate

    Description

    Nestled in the heart of Rico, Colorado, this exceptional property presents a unique investment opportunity. The Mineshaft Inn, a meticulously restored historic boutique hotel dating back to the late 19th century, offers a blend of timeless charm and modern luxury. This 4,068 square foot establishment sits on a 0.22-acre lot and boasts seven individually designed guest rooms and suites, each showcasing a unique blend of comfort and sophistication. The hotel's restoration has carefully preserved its historic integrity while incorporating modern amenities, including high-speed internet access and updated bathrooms in each room. The sale includes the popular Rico Garden Bar, a valuable addition to the overall business. This turnkey operation is ideal for an investor seeking a profitable venture in a desirable Colorado mountain town. The property's rich history and prime location in the heart of Rico offer significant potential for continued success and growth. The asking price for this exceptional property is $975,000. This is a rare chance to acquire a piece of Colorado history and a thriving hospitality business.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rico
    County
    Dolores
    State
    Colorado
    Longitude
    -108.031
    Latitude
    37.6918

    Comparable in this City

    • Value Estimation
      $420,000
      4,500 SF

      5 Glasgow Ave

      COMMERCIAL (GENERAL) • 4,500 SF
      5 Glasgow Ave, Rico, CO 81332
      View Details
    • Value Estimation
      $220,000
      750 SF

      21 Glasgow Ave

      COMMERCIAL (GENERAL) • 750 SF
      21 Glasgow Ave, Rico, CO 81332
      View Details
    • Value Estimation
      $660,000
      2,325 SF

      3 Glasgow Ave

      COMMERCIAL (GENERAL) • 2,325 SF
      3 Glasgow Ave, Rico, CO 81332-5015
      View Details
    • Value Estimation
      $115,000

      15 Glasgow Ave

      COMMERCIAL (GENERAL)
      15 Glasgow Ave, Rico, CO 81332
      View Details
    • Value Estimation by Request

      206 Glasgow Ave

      VACANT COMMERCIAL LAND
      206 Glasgow Ave, Rico, CO 81332-5014
      View Details
    • Value Estimation by Request

      3 Glasgow Ave

      VACANT COMMERCIAL LAND
      3 Glasgow Ave, Rico, CO 81332-5011
      View Details

    Similar Nearby for Sale

    • $425,000
      3.00 Acres

      Serene Land Parcel Backing Forest

      3-acre parcel near Rico, CO, backing National Forest Land.
      15050 145 Hwy, Rico, CO 81332
      View Details
    • $450,000
      85.00 Acres

      85 Acres Bordering National Forest

      Private, gated mountain property with exclusive national forest access.
      Tbd King Dr, Rico, CO 81332
      View Details
    • $225,000
      0.12 Acres

      Rico, Colorado Ready-to-Build Lot

      Residential lot available in Rico, Colorado, build to suit.
      117 N Garfield, Rico, CO 81332
      View Details
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    20 Glasgow Ave
    Rico, CO 81332
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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
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