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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Hotels
1208 Colorado Ave Brush, CO 80723-2905
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0544434
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1967
Construction
STEEL & CONCRETE
Total area
41,937 SF
Lot
1.97 ac (85,770 SF)
APN
R002584
UPID
US13-0544434
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
-
Rodeway Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Iopulent Hospitality INC · 4 yrs held
Iopulent Hospitality INC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Brush submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brush 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
$1,410,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
$1,490,000
6.5%
$1,375,000
7%
$1,275,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,295,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,905,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.50M (Jul 18 2022)
Last sale anchor
$1.50M
Jul 18 2022
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
$34 / 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
$46,772
Tax year 2023
Assessed value
$459,710
Assessed 2023
Previous assessed
$431,800
+6.5% YoY
Effective rate
10.17%
On assessed value
Assessed land
$58,000
Assessed improvement
$401,710
Land market value
$207,870
Improvement market value
$1,439,810
Total market value
$1,647,680
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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/MOTEL
Status
Off-Market
Year built
1967
Construction
STEEL & CONCRETE
Heating
CENTRAL
Cooling
NONE
Stories
1
Units
44
Rooms
1
Bathrooms
46
Total area
41,937 SF
Lot
1.97 ac (85,770 SF)
APN
R002584
UPID
US13-0544434
Jurisdiction
MORGAN
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.9M
RETAIL STORES
WAREHOUSE, STORAGE
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
1967
Construction
STEEL & CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
44
Rooms
1
Bathrooms
46
Lot
1.97 ac
Current owner
From public records · entity-resolved
Iopulent Hospitality INC
Entity
Mailing address
1208 N COLORADO AVE, BRUSH, CO 80723-2905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
$1,500,000
Iopulent Hospitality INC
Mark IV Mottel LLC
Special Warranty Deed
$1,140,000 · Hanmi Bank
May 11, 2020
$20,000
Andrea Campo
Naomi Reynolds
Quit Claim Deed
related
—
Mar 29, 2017
$1,525,100
Mark IV Motel LLC
Mile High Lodging LLC
Grant Deed
$1,331,000 · Bank Of Hope
Jan 31, 2006
$960,000
Mile High Lodging LLC
Us Small Business Admn
Quit Claim Deed
related
$879,000 · First American St Bk/grand Mea
Mar 25, 2005
—
Small Business Administration
Public Trustee Of Morgan County
Trustees Deed
—
Dec 29, 2004
$787,600
Zions Small Busn Loan Trust Serie
Public Trustee Of Morgan County
Trustees Deed
related
—
—
—
Mile High Lodging LLC
—
Loan Modification
related
$468,372 · First American St Bk
—
—
Mile High Lodging LLC
—
Deed Of Trust
related
$879,000 · First American State Bank
—
—
Mile High Lodging LLC
—
Deed Of Trust
related
$374,000 · Community Economic Dev Co Co
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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