1021 Grand Ave Glenwood Springs, CO 81601
Property profile & analytics
1021 Grand Ave Glenwood Springs, CO 81601
- Hotels
- 2,580 SF
- 0.12 lot acres
Property ID
US13-0797924
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.
Location Intelligence
Current Use by Public Records
- Hotels
Property Details for 1021 Grand Ave
- Year built
- 1910
- Construction
- METAL FRAME
- Lot size
- 0.12 lot acres
- Property size
- 2,580 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 218509427011
- APU
- 218509427011
Description
Exceptional investment opportunity in Glenwood Springs, Colorado! This historic hotel, located at 1021 Grand Ave, presents a compelling value-add proposition. The property consists of two buildings, totaling 4,673 square feet, situated on a mixed-use zoned lot. The main building, constructed in 1910, and a rear building completed in 1994, offer a unique blend of historic charm and modern functionality. Currently operating as a hostel with 10 keys and 12 beds, the property boasts a strong rental history, including both short-term and long-term rentals. Summer bookings are already secured. The existing short-term rental approvals are transferable to the new owner. The property's current NOI is $130,000, with a pro-forma NOI of $135,000, yielding a 6.53% cap rate and a pro-forma cap rate of 6.78%, respectively. The asking price is $1,990,000, representing a price per square foot of $425.85 and a price per bed of $165,833.33. The business name and assets are included in the sale. The mixed-use zoning allows for diverse development opportunities, maximizing redevelopment potential. This presents a rare chance to acquire a well-established business with significant upside in a prime Glenwood Springs location. This property is a must-see for savvy investors seeking a high-return, value-add opportunity.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Glenwood Springs
- County
- Garfield
- State
- Colorado
- Longitude
- -107.325
- Latitude
- 39.5433
- CBSA code
- 24060
- CBSA name
- GLENWOOD SPRINGS, CO MICROPOLITAN 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
$4,550
$55,550
$5,820
$61,370
-
$587,780
$75,540
$663,320
