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Property profile & analytics
FOR SALE
Motels
1600 Argentine St, Georgetown, CO 80444
Entity Owned
3-yr Hold
Property ID
US13-0066453
For Sale
1 / 2
$600,000
1600 Argentine St, Georgetown, CO 80444
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
BRICK
Total area
24,178 SF
Lot
5.38 ac (234,498 SF)
APN
1959-083-01-203
UPID
US13-0066453
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$3.82M
Owner & transaction history
1600 Argentine LLC · 3 yrs held
1600 Argentine LLC
since 2023
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.2M
+38.8%
Office building
$4.1M
+35.3%
Warehouse, storage
$3.4M
+11.2%
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 Georgetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Georgetown 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
$3,510,000
ML approach
$4,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,040,000
Current use
RETAIL STORES
$4,220,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$4,115,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,380,000
Change: +11% · Conversion: Difficult
RESTAURANT
$3,275,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$3.82M
Range $3.44M – $4.20M · ±10% · vs last sale $3.80M (May 31 2023)
Last sale anchor
$3.80M
May 31 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
$158 / 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
$50,885
Tax year 2023
Assessed value
$657,380
Assessed 2023
Previous assessed
$577,220
+13.9% YoY
Effective rate
7.74%
On assessed value
Assessed land
$120,250
Assessed improvement
$537,130
Land market value
$459,070
Improvement market value
$2,052,600
Total market value
$2,511,670
Applied tax rate
20.0000
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1972
Construction
BRICK
Heating
HOT WATER
Buildings
2
Stories
2
Total area
24,178 SF
Lot
5.38 ac (234,498 SF)
APN
1959-083-01-203
UPID
US13-0066453
Jurisdiction
CLEAR CREEK
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
HOTEL/MOTEL Current
Est. value
$3.0M
RETAIL STORES
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.4M
RESTAURANT
Est. value
$3.3M
HOTEL/MOTEL Current
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
RESTAURANT
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
1972
Construction
BRICK
Heating
HOT WATER
Stories
2
Buildings
2
Lot
5.38 ac
Current owner
From public records · entity-resolved
1600 Argentine LLC
Entity
Mailing address
PO BOX 631356, HIGHLANDS RANCH, CO 80163-1356
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
$3,800,000
1600 Argentine LLC
Mumuminki LP
Special Warranty Deed
$2,850,000 · Mumuminki LLP
Apr 30, 2007
$2,050,000
Mumuminki
Mnr Hotel Group INC
Warranty Deed
$742,500 · Citywide Banks
Mar 10, 2006
$1,375,000
Mnr Hotel Group INC
Trisimo Motel Dev Ptshp
Grant Deed
$813,000 · Zions First National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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