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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Hotels
1605 Main St Montrose, CO 81401-3808
Trust Owned
Property ID
US13-1365280
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1993
Construction
WOOD
Total area
7,122 SF
Lot
2.03 ac (88,253 SF)
APN
3767-271-07-010
UPID
US13-1365280
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
-
Black Canyon Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$550k
Owner & transaction history
Dhananjay And Suchita Rawal Trust
Dhananjay And Suchita Rawal Trust
since 2026
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$870,000
+93.6%
Retail stores
$725,000
+61.4%
Auto repair, garage
$705,000
+57.4%
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 Montrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montrose 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
by Request
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$450,000
Current use
COMMERCIAL (GENERAL)
$870,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$705,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$570,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$77 / 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
$38,781
Tax year 2023
Assessed value
$604,900
Assessed 2023
Previous assessed
$604,900
+0.0% YoY
Effective rate
6.41%
On assessed value
Assessed land
$134,460
Assessed improvement
$470,440
Land market value
$523,340
Improvement market value
$1,827,220
Total market value
$2,350,560
Applied tax rate
1,000.0000
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
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
EVAPORATIVE
Buildings
5
Stories
2
Units
18
Bathrooms
2
Total area
7,122 SF
Lot
2.03 ac (88,253 SF)
APN
3767-271-07-010
UPID
US13-1365280
Jurisdiction
MONTROSE
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
$450,000
COMMERCIAL (GENERAL)
Est. value
$870,000
RETAIL STORES
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$570,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Units
18
Bathrooms
2
Lot
2.03 ac
Current owner
From public records · entity-resolved
Dhananjay And Suchita Rawal Trust
Trust
Mailing address
9955 LONGVIEW DR, LONE TREE, CO 80124-9750
Ownership since
2026
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
Apr 6, 2026
$1,925,000
Dhananjay And Suchita Rawal Trust
Saan Investments Corporation
Warranty Deed
—
Apr 4, 2019
$2,210,000
Saan Investments Corporation
Kj Holdings Incorporated
Warranty Deed
$1,843,000 · Open Bank
Jul 27, 2016
—
Kj Holdings Incorporated
—
Deed
related
$487,000 · Bbcn 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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