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Property profile & analytics
FOR SALE
Bed & breakfasts
1601 Us Highway 34 W Drake, CO 80515
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0866868
For Sale
1 / 18
$1,550,000
1601 Us Highway 34 W, Drake, CO 80515
View Listing →
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1901
Construction
FRAME
Total area
7,752 SF
Lot
22.61 ac (984,892 SF)
APN
15032-00-007
UPID
US13-0866868
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
$930k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$890k
Owner & transaction history
1616 Champa LLC · 4 yrs held
1616 Champa LLC
since 2021
Last sale
$950,000
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 Drake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Drake 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
$845,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $950k (Sep 2 2021)
Last sale anchor
$950k
Sep 2 2021
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
$115 / 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
$22,223
Tax year 2023
Assessed value
$281,456
Assessed 2023
Previous assessed
$204,710
+37.5% YoY
Effective rate
7.90%
On assessed value
Assessed land
$50,000
Assessed improvement
$231,456
Land market value
$240,000
Improvement market value
$915,300
Total market value
$1,155,300
Applied tax rate
20,081.0000
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
For Sale
Year built
1901
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
2
Units
10
Rooms
5
Bathrooms
1
Total area
7,752 SF
Lot
22.61 ac (984,892 SF)
APN
15032-00-007
UPID
US13-0866868
Jurisdiction
LARIMER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1901
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
10
Rooms
5
Bathrooms
1
Lot
22.61 ac
Current owner
From public records · entity-resolved
1616 Champa LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1ST 1, DRAKE, CO 80515-0001
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
$950,000
1616 Champa LLC
The Jones Slatten Family Trust
Warranty Deed
—
Aug 13, 2021
—
Joens Slatten Family Trust
Joens Saltten Family Trust
Warranty Deed
—
Aug 13, 2018
—
Department Of Transportation
Jones Of Slatten Family Trust
Warranty Deed
—
Jun 24, 2009
—
Jones-slatten Family Trust
—
Trustees Deed
related
$100,000 · Home State Bank
Jul 24, 2007
—
Jones Of Slatten Family Trust
Jones Of Slatten Family Trust
Quit Claim Deed
related
—
Sep 19, 2006
—
Jones Of Slatten Family Trust
Jones,william E & Muriel A
Quit Claim Deed
—
Oct 4, 2004
$850,000
William E Jones
Haghighi,mehzad
Warranty Deed
$150,000 · Bradley Lucero
Oct 1, 2004
—
Mehzad Haghighi
Crill,james E & Annette
Warranty Deed
related
—
—
—
Jones Of Slatten Family Trust|jones,william E & Mu
—
Deed Of Trust
related
$245,700 · Us Small Busn Admn
—
—
Bradley Lucero
—
Deed Of Trust
related
$410,000 · Weststar 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.
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