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Property profile & analytics
OFF-MARKET
Motels
201 Platte Ave Fort Morgan, CO 80701-2327
Entity Owned
10-yr Hold
Free & Clear
Property ID
US13-1131829
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Construction
WOOD FRAME
Total area
3,343 SF
Lot
0.55 ac (24,025 SF)
APN
R006710
UPID
US13-1131829
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
-
The Martinez way Event Planning
-
Central Motel Hotel & Motel
-
AutoZone Auto Parts Auto Parts Store
-
San Miguel Restaurant
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
Sha Motel LLC · 10 yrs held
Sha Motel LLC
since 2015
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 Fort Morgan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Morgan 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
$27,035
Tax year 2023
Assessed value
$345,100
Assessed 2023
Previous assessed
$202,750
+70.2% YoY
Effective rate
7.83%
On assessed value
Assessed land
$43,570
Assessed improvement
$301,530
Land market value
$156,160
Improvement market value
$1,171,890
Total market value
$1,328,050
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1965
Construction
WOOD FRAME
Heating
YES
Cooling
REFRIGERATOR
Buildings
4
Stories
1
Units
19
Rooms
1
Bathrooms
20
Total area
3,343 SF
Lot
0.55 ac (24,025 SF)
APN
R006710
UPID
US13-1131829
Jurisdiction
MORGAN
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
1965
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
19
Rooms
1
Bathrooms
20
Lot
0.55 ac
Current owner
From public records · entity-resolved
Sha Motel LLC
Entity
Free & Clear · 10 yrs held
Mailing address
201 W PLATTE AVE, FORT MORGAN, CO 80701-2327
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Aug 6, 2015
—
Sha Motel LLC
Cenral Motel INC
Warranty Deed
—
Jul 8, 2015
—
Central Motel INC
Larson Alan C & Barbara A
Quit Claim Deed
related
—
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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