Current Use by Public Records
- Hospitality properties
Property Details for County Clear Crk
- Year built
- 1930
- Lot size
- 5.16 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a stunning, 14-key boutique mountain resort nestled along a creek in Idaho Springs, Colorado. The property encompasses 5.16 acres and includes 9 fully furnished cabins and 5 condos, totaling 7,749 square feet across 12 buildings on two stories. Built between 1930 and 1940, the property has undergone extensive renovations from 2018-2024. Boasting an average 4.9-star rating across Airbnb and Google, the resort enjoys strong occupancy rates (90-95% in peak seasons, 70% in off-seasons), generating a current NOI of $425,083 and a pro-forma NOI of $520,083. The asking price is $8,000,000, representing a 5.31% cap rate and a pro-forma cap rate of 6.50%. The property is zoned C3, offering diverse development potential. Its prime location near I-70 and popular attractions like Blackstone Rivers Ranch ensures consistent demand. The resort's unique blend of rustic charm and modern amenities, coupled with its proximity to Denver (40 minutes), creates a highly desirable destination for tourists and city dwellers seeking a mountain retreat. The property is currently booked primarily through Airbnb, presenting significant potential for revenue growth through expanded marketing and booking platforms. This is a rare opportunity to acquire a thriving hospitality business with substantial upside in a high-demand Colorado mountain location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Mary's
- County
- Clear Creek
- State
- Colorado
- Longitude
- -105.618
- Latitude
- 39.7943
