Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10101 I 70th Service Rd Wheat Ridge, CO 80033-2228
    Back to Search
    Property profile & analytics

    10101 I 70th Service Rd, Wheat Ridge, CO 80033-2228

    View on Map
    • Motels
    • 91,571 SF
    • 5.29 lot acres
    Off-Market
    Last Sale Jan 23, 2023
    $9,000,000
    Property ID
    US13-0649217
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $9,195,000
    Show details
    Cap Rate Potential
    7.6%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 10101 I 70th Service Rd

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    5.29 lot acres
    Property type
    Motels
    APN
    39-164-00-018
    APU
    3916400018

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2023 $9,000,000 Terrapin American Inn LLC Mjb Motels LLC Special Warranty Deed $5.9M · Alpine Bank
    Jun 11, 2018 $12,500,000 Terrapin Wheat Ridge LLC Trisimo Motel Development Co LLC Warranty Deed $9.7M · Jpmorgan Chase Bank NA
    Mar 16, 2009 — Mjb Motels LLC — Deed Of Trust · related $17.5M · Great Western Bank
    Jan 11, 2005 — Mjb Motels LLC Ali Properties INC Special Warranty Deed $16.1M · Lasalle Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,285,000
      ML approach
      $9,490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,745,000
      6.5%
      $10,840,000
      7%
      $10,065,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.113
    Latitude
    39.7851
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $101,598
    $621,025
    $474,837
    $1,095,862
    -
    $2,883,126
    $2,260,410
    $5,143,536

    Comparable in this City

    • Value Estimation
      $4,280,000
      54,902 SF

      4700 Kipling St

      MOTEL
      4700 Kipling St, Wheat Ridge, CO 80033-2817
      View Details
    • Value Estimation
      $5,820,000
      7,094 SF

      10300 I 70th Service Rd

      MOTEL
      10300 I 70th Service Rd, Wheat Ridge, CO 80033-2964
      View Details
    • Value Estimation
      $6,150,000
      12,920 SF

      9920 49th Ave

      MOTEL
      9920 49th Ave, Wheat Ridge, CO 80033-2281
      View Details
    • Value Estimation
      $5,475,000
      22,668 SF

      4735 Kipling St

      MOTEL
      4735 Kipling St, Wheat Ridge, CO 80033-2816
      View Details
    • Value Estimation
      $2,620,000
      31,313 SF

      10200 I 70th Service Rd

      HOTEL
      10200 I 70th Service Rd, Wheat Ridge, CO 80033-2829
      View Details
    • Value Estimation
      $5,270,000
      52,769 SF

      10101 I 70th Service Rd

      HOTEL
      10101 I 70th Service Rd, Wheat Ridge, CO 80033-2228
      View Details

    Similar Nearby for Sale

    • $98,000
      1,125 SF

      Wadsworth Blvd Office Condo

      1,125 SF Executive Office Suite
      4045 Wadsworth Blvd, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing
      13,541 SF

      Industrial Property Near Ward Station

      13,541 SF multi-tenant industrial asset with outdoor storage.
      12198 Ridge Rd, Wheat Ridge, CO 80033
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Two-Story Office Building For Lease

      Refreshed office building with multiple suites and ample parking.
      3798 Marshall St, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing
      1,529 SF

      Medical Office Space Available

      Conveniently located medical office space with abundant parking.
      8805 W 14Th Ave, Lakewood, CO 80033
      View Details
    • Contact for pricing
      2,335 SF

      Wheat Ridge Office Sublease Available

      2,335 SF office space available for sublease in Wheat Ridge.
      4251 Kipling St, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces and pads available near Wadsworth Boulevard.
      3545 Wadsworth Blvd, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing

      Retail Space in Wheat Ridge

      Retail space for lease in Wheat Ridge Marketplace.
      3800-3928 Wadsworth Blvd, Wheat Ridge, CO 80033
      View Details
    • $22 SF/Yr
      2,117 SF

      Medical Office Space Near Kaiser

      Medical office space with updated finishes and ample parking.
      4855 Ward Rd, Wheat Ridge, CO 80033
      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.
    10101 I 70th Service Rd
    Wheat Ridge, CO 80033-2228
    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
    10101 I 70th Service Rd, Wheat Ridge, CO, 80033
    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!