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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    162 6th St Glenwood Springs, CO 81601-2912

    • Hotels
    • 8,040 SF
    • 1.91 lot acres
    OFF-MARKET
    Value Estimations
    $730,000
    Show details
    Cap Rate Potential
    7.4%
    Hotels
    Location Intelligence
    Property ID
    US13-0706939
    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.

    Current Use by Public Records

    • Hotels

    Property Details for 162 6th St

    Year built
    1988
    Construction
    WOOD
    Lot size
    1.91 lot acres
    Property size
    8,040 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    218509200049
    APU
    218509200049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $840,000
      6.5%
      $775,000
      7%
      $720,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $790,000
      Current use
      OFFICE BUILDING
      $1,045,000
      Change: +32% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $765,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood Springs
    County
    Garfield
    State
    Colorado
    Longitude
    -107.33
    Latitude
    39.5523
    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
    $76,572
    $640,610
    $419,730
    $1,060,340
    -
    $2,453,300
    $1,549,700
    $4,003,000

    Comparable in this City

    • Value Estimation
      $5,440,000
      22,548 SF

      51823 Hwy 6th 6

      HOTEL/MOTEL • 22,548 SF
      51823 Hwy 6th 6, Glenwood Springs, CO 81601-2834
      View Details
    • Value Estimation by Request
      2,943 SF

      1293 County Rd 117

      HOTEL/MOTEL • 2,943 SF
      1293 County Rd 117, Glenwood Springs, CO 81601-4533
      View Details
    • Value Estimation
      $5,680,000
      52,977 SF

      402 7th St

      HOTEL/MOTEL • 52,977 SF
      402 7th St, Glenwood Springs, CO 81601-3406
      View Details
    • Value Estimation
      $13,835,000
      7,484 SF

      1308 County Rd 129

      HOTEL/MOTEL • 7,484 SF
      1308 County Rd 129, Glenwood Springs, CO 81601-9736
      View Details
    • Value Estimation by Request
      192 SF

      6 Lewis Loop

      HOTEL/MOTEL • 192 SF
      6 Lewis Loop, Glenwood Springs, CO 81601
      View Details
    • Value Estimation
      $3,330,000
      36,321 SF

      401 1st St

      HOTEL/MOTEL • 36,321 SF
      401 1st St, Glenwood Springs, CO 81601-2949
      View Details

    Similar Nearby for Sale

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      Glenwood Springs Hostel: Value-Add Opportunity

      Historic Hotel, Redevelopment Potential, High ROI
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      View Details
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      2.83-acre lot near Glenwood Springs with mountain views.
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      Historic Glenwood Springs Landmark Building

      Four-story landmark building with development lot in prime location.
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      29,519 SF

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      Retail/showroom building with I-70 access and high visibility.
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      Acre residential lot with utilities in Glenwood Springs, Colorado.
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    Similar Nearby for Lease

    • Contact for pricing
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      View Details
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      Well-located retail space with ample parking and highway access.
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      View Details
    • $19 SF/Yr

      New Commercial Space, Customizable Interior

      Brand-new commercial space for lease, customizable to your business needs.
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      View Details
    • $29 SF/Yr
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      Glenwood Springs Commercial Space

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    • $29 SF/Yr
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      Glenwood Springs Salon Space Available

      Turnkey Salon Suite, High-Traffic Location
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      View Details
    • Contact for pricing
      230,000 SF

      Glenwood Springs Mall Retail Spaces

      High-traffic retail spaces available now.
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      View Details

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      769
    • Avg Time on site
      15 min
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    162 6th St
    Glenwood Springs, CO 81601-2912
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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