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Property profile & analytics
FOR SALE
Hotels
1624 E Main St Montrose, CO 81401
Individually Owned
14-yr Hold
Free & Clear
Property ID
US13-1372113
For Sale
1 / 45
$3,500,000
1624 E Main St, Montrose, CO 81401
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1950
Construction
WOOD
Total area
10,455 SF
Lot
2.88 ac (125,453 SF)
APN
3767-271-01-024
UPID
US13-1372113
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
-
Country Lodge Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jenniffer Lynn Anderson · 14 yrs held
Jenniffer Lynn Anderson
since 2012
2 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,311
Tax year 2023
Assessed value
$228,380
Assessed 2023
Previous assessed
$228,380
+0.0% YoY
Effective rate
6.27%
On assessed value
Assessed land
$139,560
Assessed improvement
$88,820
Land market value
$594,210
Improvement market value
$378,730
Total market value
$972,940
Applied tax rate
1,140.0000
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
For Sale
Year built
1950
Construction
WOOD
Heating
RADIANT
Cooling
NONE
Buildings
3
Stories
1
Units
23
Rooms
2
Bathrooms
1
Total area
10,455 SF
Lot
2.88 ac (125,453 SF)
APN
3767-271-01-024
UPID
US13-1372113
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
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
3
Units
23
Rooms
2
Bathrooms
1
Lot
2.88 ac
Current owner
From public records · entity-resolved
Jenniffer Lynn Anderson
Individual
Free & Clear · 14 yrs held
Mailing address
1624 E MAIN ST, MONTROSE, CO 81401-3809
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2012
—
Jenniffer Lynn Anderson
Jeffrey K Anderson
Beneficiary Deed
related
—
Apr 4, 2005
$975,000
Jeffrey K Anderson
David C Perry
Warranty Deed
$900,000 · David C Perry Etal
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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