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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Hotels
1655 Main St Montrose, CO 81401-3808
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2048366
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1989
Construction
WOOD
Total area
11,877 SF
Lot
2.51 ac (109,118 SF)
APN
3767-271-39-005
UPID
US13-2048366
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
-
SureStay Plus By Best Western Montrose Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$810k
Owner & transaction history
Gtm LLC · 7 yrs held
Gtm LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+61.4%
Auto repair, garage
$1.2M
+57.4%
Warehouse, storage
$945,000
+26.7%
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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$745,000
Current use
RETAIL STORES
$1,205,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,175,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$945,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$68 / 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
$35,879
Tax year 2023
Assessed value
$603,350
Assessed 2023
Previous assessed
$603,350
+0.0% YoY
Effective rate
5.95%
On assessed value
Assessed land
$149,880
Assessed improvement
$453,470
Land market value
$516,840
Improvement market value
$1,563,690
Total market value
$2,080,530
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
1989
Construction
WOOD
Buildings
3
Stories
2
Units
29
Total area
11,877 SF
Lot
2.51 ac (109,118 SF)
APN
3767-271-39-005
UPID
US13-2048366
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
$745,000
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$945,000
HOTEL/MOTEL Current
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
1989
Construction
WOOD
Stories
2
Buildings
3
Units
29
Lot
2.51 ac
Current owner
From public records · entity-resolved
Gtm LLC
Entity
Mailing address
ALBUQUERQUE, NM 87110
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
—
Gtm LLC
—
Deed
related
$1,607,379 · Southwest Capital Bank
Mar 9, 2023
—
Gtm LLC
—
Deed
related
$433,682 · Southwest Capital Bank
Jul 3, 2019
$1,650,000
Gtm LLC
M Hotel LLC
Special Warranty Deed
$2,640,000 · Southwest Capital Bank
Apr 12, 2019
—
M Hotel LLC
Mmm Hotel LLC
Bargain And Sale Deed
—
Apr 19, 2017
$204,000
Mmm Hotel LLC
M Hotel LLC
Warranty Deed
$4,200,000 · Southwest Capital Bank
Dec 18, 2013
$1,300,000
Gemstone Hotels INC
Southwest Capital Bank
Special Warranty Deed
$3,936,628 · Southwest Capital Bank
Dec 11, 2013
—
Southwest Capital Bank
K & D Corp
Trustees Deed
related
—
Jul 20, 2010
—
Mark E Nichols
M Ann Nichols
Intrafamily Transfer
related
—
Feb 21, 2008
$1,561,913
K & D Corp
Luxury Lodging LLC
Warranty Deed
—
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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