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    Property profile & analytics

    614 Rose St Georgetown, CO 80444

    • Hospitality properties
    • 4,120 SF
    • 0.19 lot acres
    For Sale
    View listing
    $1,450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 614 Rose St

    Year built
    1875
    Lot size
    0.19 lot acres
    Property size
    4,120 SF
    Property type
    Hospitality properties
    Property subtype
    Hotels

    Description

    This exceptional investment opportunity presents the St. James Hotel, a beautifully renovated boutique hotel nestled in historic Georgetown, Colorado. Built in 1875 and completely renovated in 2024, this charming property boasts 4,120 square feet across two buildings and three stories. The hotel features five keys, each with multiple bedrooms and en-suite bathrooms featuring large clawfoot soaking tubs. Guests enjoy a shared kitchen and dining area, adding to the unique experience. The property includes six parking spaces per key, a modern fire suppression system, and updated plumbing and electrical systems. The 0.19-acre lot is zoned SUP. A June 2024 appraisal valued the property at $1.52 million, with projections indicating potential value increases to $1.7 million within a year and $2 million over five years. The current asking price is $1,450,000, representing a strong 8% cap rate and a pro-forma cap rate of 10%, with a current NOI of $112,000 and a pro-forma NOI of $132,000. The business and real estate are included in the sale, and an SBA loan is assumable with a second mortgage permitted for the buyer. This is a rare chance to acquire a thriving, historically significant hotel with significant upside potential in a desirable Colorado location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Clear Creek
    State
    Colorado
    Longitude
    -105.697
    Latitude
    39.7068

    Comparable in this City

    • Value Estimation by Request
      5,142 SF

      610 7th St

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    • Value Estimation by Request
      1.11 Acres

      2190 Argentine St

      MOTEL • 1.11 Acres
      2190 Argentine St, Georgetown, CO 80444
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    • Value Estimation
      $3,820,000
      24,178 SF

      1600 Argentine St

      MOTEL • 24,178 SF
      1600 Argentine St, Georgetown, CO 80444
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    • Value Estimation
      $3,030,000
      6,764 SF

      1414 Argentine St

      MOTEL • 6,764 SF
      1414 Argentine St, Georgetown, CO 80444
      View Details
    • Value Estimation
      $1,205,000
      13,968 SF

      1100 Rose St

      MOTEL • 13,968 SF
      1100 Rose St, Georgetown, CO 80444
      View Details
    • Value Estimation
      $515,000
      6,996 SF

      409 6th St

      MOTEL • 6,996 SF
      409 6th St, Georgetown, CO 80444-5026
      View Details

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    Georgetown, CO 80444
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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.

    More about this property
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