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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Hotels
2100 Main St Montrose, CO 81401-3834
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2181844
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1995
Construction
WOOD
Total area
24,942 SF
Lot
1.43 ac (62,247 SF)
APN
3767-262-04-004
UPID
US13-2181844
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
-
Stay Wise Inn Montrose Hotel & Motel
-
Motel Man Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$2.28M
Owner & transaction history
Belleclaire Hotels LLC · 3 yrs held
Belleclaire Hotels LLC
since 2023
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.6M
+131.3%
Restaurant
$3.5M
+124.8%
Commercial (general)
$3.0M
+93.6%
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
$2,170,000
ML approach
$2,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,570,000
Current use
MEDICAL BUILDING
$3,630,000
Change: +131% · Conversion: Difficult
RESTAURANT
$3,530,000
Change: +125% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,040,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$2,535,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,470,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,990,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±10% · vs last sale $2.35M (Jul 19 2023)
Last sale anchor
$2.35M
Jul 19 2023
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
$91 / 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
$48,994
Tax year 2023
Assessed value
$747,830
Assessed 2023
Previous assessed
$747,830
+0.0% YoY
Effective rate
6.55%
On assessed value
Assessed land
$60,800
Assessed improvement
$687,030
Land market value
$209,650
Improvement market value
$2,369,070
Total market value
$2,578,720
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
Off-Market
Year built
1995
Construction
WOOD
Buildings
2
Stories
2
Units
51
Total area
24,942 SF
Lot
1.43 ac (62,247 SF)
APN
3767-262-04-004
UPID
US13-2181844
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
$1.6M
MEDICAL BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.0M
HOTEL/MOTEL Current
MEDICAL BUILDING
RESTAURANT
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
1995
Construction
WOOD
Stories
2
Buildings
2
Units
51
Lot
1.43 ac
Current owner
From public records · entity-resolved
Belleclaire Hotels LLC
Entity
Mailing address
2166 REDCLIFF CIR, GRAND JUNCTION, CO 81507-4520
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
$2,350,000
Belleclaire Hotels LLC
Dream Hospitality LLC
Special Warranty Deed
—
Apr 27, 2020
—
Dream Hospitlaity LLC
—
Deed
related
$25,324 · Alpine Bank
Feb 5, 2019
—
Dream Hospitality LLC
—
Deed
related
$50,000 · Alpine Bank
Jul 3, 2018
—
Dream Hospitality LLC
—
Deed
related
$50,000 · Alpine Bank
May 23, 2018
$2,100,000
Dream Hospitality LLC
Montrose Hospitality LLC
Warranty Deed
$1,365,000 · Alpine Bank
Mar 20, 2017
—
Montrose Hospitality LLC
—
Deed
related
$20,000 · John Watson Hazen
Feb 27, 2017
—
Montrose Hospitality LLC
—
Deed
related
$12,000 · John Watson Hazen II
Feb 3, 2017
—
Montrose Hospitality LLC
—
Deed
related
$10,000 · John Watson Hazen
Jan 20, 2017
—
Montrose Hospitality LLC
—
Deed
related
$22,500 · John Watson Hazen II Etal
May 6, 2015
$1,100,000
Montrose Hospitality LLC
Januez Kustwan
Warranty Deed
$807,045 · Frontier Bank
Aug 5, 2008
$2,730,000
Janusz Kustwan
Jack Marusarz
Warranty Deed
$2,254,500 · Montrosebank
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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