1535 Riv Frontage Rd Silt, CO 81652-8631
Property Lookup
Property profile & analytics
1535 Riv Frontage Rd Silt, CO 81652-8631
- Hotels
- 41,652 SF
Property ID
US13-1416336
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
- Holiday Inn Express & Suites Silt-Rifle, an IHG Hotel / Hotel & Motel
Property Details for 1535 Riv Frontage Rd
- Year built
- 2009
- Construction
- METAL FRAME
- Property size
- 41,652 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 217910140003
- APU
- 217910140003
Description
This 80-key Holiday Inn Express, built in 2009, is a value-add investment opportunity located at 1535 River Frontage Rd, Silt, CO 81652. The 41,652 square foot, three-story hotel boasts a strong location off I-70, Colorado's second busiest highway, and offers significant upside potential. Currently operating at 52.2% occupancy (as of December 31, 2023), the property generates a Net Operating Income (NOI) of $916,453, representing an 11.46% cap rate and a price per key of $100,000. The asking price is $8,000,000, or $192.07 per square foot. Recent capital expenditures totaling approximately $200,000 include new carpeting, wallpaper, repainted stairwells and 18 rooms/bathrooms, a new heating system for the pool and hot tub, a new backflow system, a new telephone system, a new fire panel, sump pumps, stucco repairs, and new RFID locks. The property sits on a ground lease expiring February 12, 2047 (23 years remaining), currently costing $6,000 annually. The hotel benefits from its proximity to outdoor recreation, including the Colorado River, Rifle Gap State Park, and numerous other attractions. Silt's location near Glenwood Springs and Aspen provides access to a strong RevPAR market. Note that a plumbing issue resulted in approximately six weeks of downtime in winter 2023. The property is located in an Opportunity Zone. The city of Silt has expressed interest in selling the land. A 15-year license from IHG is attainable.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Silt
- County
- Garfield
- State
- Colorado
- Longitude
- -107.648
- Latitude
- 39.5428
- 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
$63,036
$0.00
$894,260
$894,260
-
$0.00
$3,205,230
$3,205,230
