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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Hotels
101 3rd St Palisade, CO 81526-5003
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1016581
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,541 SF
Lot
0.09 ac (3,750 SF)
Zoning code
B-1
APN
2937-092-03-001
UPID
US13-1016581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Blue Pig Gallery Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$900k
Blend (final)
Blend
$1.06M
Owner & transaction history
101 W 3rd LLC · 3 yrs held
101 W 3rd LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
B-1 · Palisade, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+18.4%
Warehouse, storage
$1.5M
+1.9%
Office building
$1.5M
+1.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palisade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palisade submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,190,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,455,000
Current use
COMMERCIAL (GENERAL)
$1,725,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,480,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,475,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$1,430,000
Change: -2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,200,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.14M (Jan 18 2023)
Last sale anchor
$1.14M
Jan 18 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$101 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,424
Tax year 2023
Assessed value
$141,350
Assessed 2023
Previous assessed
$109,370
+29.2% YoY
Effective rate
8.08%
On assessed value
Assessed land
$36,160
Assessed improvement
$105,190
Land market value
$129,600
Improvement market value
$377,030
Total market value
$506,630
Applied tax rate
14,500.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2
Rooms
10
Bathrooms
1
Total area
10,541 SF
Lot
0.09 ac (3,750 SF)
Zoning code
B-1
APN
2937-092-03-001
UPID
US13-1016581
Jurisdiction
MESA
Zoning & alternative use
B-1 · Palisade, COZoning B-1 · permitted uses
B-1 · Palisade, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Rooms
10
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
101 W 3rd LLC
Entity
Mailing address
PO BOX 858, CLIFTON, CO 81520-0858
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
—
101 W 3rd LLC
Charles S Nowak
Quit Claim Deed
related
—
Jan 12, 2023
$1,135,000
Charles S Nowak
Darin Carei
Special Warranty Deed
$908,000 · Oakstar Bank NA
Oct 4, 2012
—
Darin Carei
Carei,darin
Quit Claim Deed
related
$304,072 · Bank Of Colorado
Feb 15, 2008
$173,100
Darin Carei
Lawrence,terry
Warranty Deed
$352,500 · Palisades National Bank
Feb 15, 2008
—
Darin Carei
World Properties LLC
Quit Claim Deed
related
—
Jan 6, 2005
—
World Properties LLC
Carei,daren
Quit Claim Deed
related
—
Jan 6, 2005
$300,000
Darin Carei
Clark,ted V
Warranty Deed
$225,000 · Palisades National Bank
Apr 20, 1999
$160,000
Ted V Clark
Palisade Partners LLC
Grant Deed
$150,000 · First National Bank Rockies
—
—
Ted V Clark
—
Deed Of Trust
related
$50,000 · First National Bank Of Rockies
—
—
Ted V Clark
—
Deed Of Trust
related
$100,000 · Colorado Housing & Finance Aut
—
—
Ted V Clark
—
Deed Of Trust
related
$50,000 · Alpine Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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