Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2118 Main St Rye, CO 81069
    Property profile & analytics

    2118 Main St, Rye, CO 81069

    View on Map
    • Hospitality properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 2118 Main St

    Year built
    1929
    Property type
    Hospitality properties

    Description

    This exceptional 1929 property in Rye, Colorado, presents a unique investment opportunity. Located at 2118 Main St, this two-story building, formerly the Historic Wilson Hotel, offers a blend of income-generating options. The main house, a charming 3-bedroom residence with an attached guest quarter, is ideal for owner occupancy or as a lucrative rental. Upstairs, three separate apartments provide additional rental income. Two additional apartment buildings on the property offer three more ready-to-rent units and three storage units easily convertible into apartments. Seven RV campsites generate further revenue streams. The property's diverse rental options create significant income potential. The main house features a recently updated kitchen with an island, breakfast bar, stainless steel refrigerator, gas range with double ovens, and a pot filler faucet. A formal dining room and a living room with a fireplace provide ample living space. The primary bedroom includes a walk-in shower. A large covered porch offers outdoor enjoyment. A detached 4-car garage provides additional storage or parking. This property is a rare combination of historic charm and significant income potential, perfect for an investor seeking a diversified portfolio. The property is situated in Pueblo County, CO, zip code 81069.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rye
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.932
    Latitude
    37.9225

    Comparable in this City

    • Value Estimation by Request

      18488 Co-165

      Hotels
      18488 Co-165, Rye, CO 81069
      View Details
    • Value Estimation by Request

      59 Co Rd

      Restaurants
      59 Co Rd, Rye, CO 81069
      View Details
    • Value Estimation by Request
      0.27 Acres

      Rye, CO 81069

      MOBILE HOME PARK, TRAILER PARK
      Rye, CO 81069
      View Details
    • Value Estimation by Request
      5.61 Acres

      Rye, CO 81069

      MOBILE HOME PARK, TRAILER PARK
      Rye, CO 81069
      View Details
    • Value Estimation by Request
      0.54 Acres

      8080 Birch Dr

      MOBILE HOME PARK, TRAILER PARK
      8080 Birch Dr, Rye, CO 81069-8808
      View Details
    • Value Estimation by Request

      295 County Rd 371

      MOBILE HOME PARK, TRAILER PARK
      295 County Rd 371, Rye, CO 81069
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.19 Acres

      Colorado City Land Opportunity

      Unimproved land with mountain views, ideal for development.
      Rosemoore Dr, Colorado City, CO 81069
      View Details
    • $65,000
      40.00 Acres

      Rye, Colorado Land with Views

      40-acre land parcel in Rye, Colorado, with mountain views.
      TBD2 Pickney Rd, Rye, CO 81069
      View Details
    • $40,000
      35.04 Acres

      Land Parcel in Rye, Colorado

      35.04-acre parcel with mountain views near Rye, Colorado.
      13A Pickney Rd, Rye, CO 81069
      View Details
    • $104,900
      1.50 Acres

      Mountain Property with Cabin Kit

      1.5-acre mountain property with cabin kit and septic tank.
      Zorn Rd, Rye, CO 81069
      View Details
    • $85,000
      35.02 Acres

      Pueblo Land with Panoramic Views

      35-acre lot with trees, views, and utilities for development.
      Cedarwood Station Rd, Pueblo, CO 81069
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2118 Main St
    Rye, CO 81069
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2118 Main St, Rye, CO, 81069
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!