Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10301 Santa Fe Trl Trinidad, CO 81082

    • Hospitality properties
    • 3.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 10301 Santa Fe Trl

    Year built
    1960
    Lot size
    3.40 lot acres
    Property type
    Hospitality properties
    Property subtype
    Motels

    Description

    This established Trinidad, Colorado motel and RV park presents a unique investment opportunity. The property boasts 26 motel rooms and 28 RV spaces, situated on a sizable 3.4-acre lot, offering potential for expansion. Its prime location on Interstate 25 ensures high visibility and accessibility for travelers heading to and from Colorado. Trinidad's attractive mountain setting and proximity to two state parks—Trinidad Lake State Park and Fisher's Peak State Park—draw significant tourism, creating consistent demand. The motel operates independently, eliminating franchise fees and minimizing operating costs. The relatively small number of rooms requires minimal staffing, while the RV park provides a supplementary revenue stream with low overhead. While the business has experienced some management challenges and a 2024 electrical fire (since fully repaired and inspected), a hands-on owner could significantly improve profitability. The property's size and location offer considerable upside potential. All guestroom repairs and electrical updates have been completed and approved.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Trinidad
    County
    Las Animas
    State
    Colorado
    Longitude
    -104.519
    Latitude
    37.1395

    Comparable in this City

    • Value Estimation by Request
      9,840 SF

      939 Robinson Ave

      Commercial real estate • 9,840 SF
      939 Robinson Ave, Trinidad, CO 81082
      View Details
    • Value Estimation by Request
      36,840 SF

      36900 No Site Address

      Commercial real estate • 36,840 SF
      36900 No Site Address, Trinidad, CO 81082
      View Details
    • Value Estimation by Request
      0.16 Acres

      Trinidad, CO 81082

      VACANT COMMERCIAL LAND • 0.16 Acres
      Trinidad, CO 81082
      View Details
    • Value Estimation by Request
      0.09 Acres

      Trinidad, CO 81082

      VACANT COMMERCIAL LAND • 0.09 Acres
      Trinidad, CO 81082
      View Details
    • Value Estimation by Request
      0.04 Acres

      Trinidad, CO 81082

      VACANT COMMERCIAL LAND • 0.04 Acres
      Trinidad, CO 81082
      View Details
    • Value Estimation by Request
      1.61 Acres

      Trinidad, CO 81082

      INDUSTRIAL - VACANT LAND • 1.61 Acres
      Trinidad, CO 81082
      View Details

    Similar Nearby for Sale

    • $1,200,000
      5,300 SF

      Historic Trinidad Mixed-Use Property

      Prime Southern Colorado location, established businesses.
      341 Commercial St, Trinidad, CO 81082
      View Details
    • $69,900
      37.70 Acres

      37.7 Acres of Untouched Wilderness

      37.7 acres near town with power and outbuildings.
      22960 Black Hills Dr, Trinidad, CO 81082
      View Details
    • $325,000
      14,761 SF

      Historic Building in Trinidad, CO

      Historic building in the heart of Trinidad, steps from downtown.
      401 W Market St, Trinidad, CO 81082
      View Details
    • $400,000
      9,200 SF

      Highway 12 Commercial Property

      Versatile commercial property near Trinidad with highway access and ample space.
      24980 County Road 18.3, Beshoar Junction, CO 81082
      View Details
    • $150,000
      81.70 Acres

      Trinidad Commercial Land: 81.7 Acres

      Prime Colorado commercial land, stunning views.
      174 Blackhawk Rnch, Trinidad, CO 81082
      View Details
    • $99,000
      1.32 Acres

      Land on Purgatory River

      1.32 acres on the Purgatory River near Trinidad, CO.
      County Road 18.3, Beshoar Junction, CO 81082
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Downtown Trinidad Office Suites

      Restored office suites in historic downtown Trinidad building for lease.
      125 N Commercial St, Trinidad, CO 81082
      View Details
    • $7,150 /Mo
      26,572 SF

      Renovated Commercial Space, Trinidad, CO

      Fully renovated commercial space in downtown Trinidad, ready for your business.
      323 N Commercial St, Trinidad, CO 81082
      View Details
    • $500 /Mo

      Renovated Commercial Space in Trinidad

      Fully renovated commercial space with versatile rooms and modern amenities.
      323 N Commercial St, Trinidad, CO 81082
      View Details
    • $60 SF/Yr
      217,800 SF

      Trinidad Industrial Yard - 5 Acres

      I-25 Frontage, Enterprise Zone, Flexible Lease
      16511 Industrial Park, Trinidad, CO 81082
      View Details
    • $7 SF/Yr
      28,000 SF

      Trinidad Educational Facility

      Move-in ready, 14,000 SF, ideal for youth services.
      1021 Pierce St, Trinidad, CO 81082
      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.
    10301 Santa Fe Trl
    Trinidad, CO 81082
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!