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Property profile & analytics
FOR LEASE
Bed & breakfasts

21049 Uncompahgre Rd Montrose, CO 81403

4,999 SF 2.21 ac lot Built 1915
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US13-1983530
Property summary
AI-generated overview

This exceptional 9,420-square-foot retail property, currently vacant, presents a unique investment opportunity in Montrose, Colorado. Situated on a 2.21-acre lot (87,356 square feet), this three-story building boasts a rich history, having been constructed in 1915 and renovated in 1993. The property is zoned for General Agricultural District “A,” offering flexibility for various uses. The single-tenant building presents a blank canvas for adaptive reuse, particularly well-suited for projects such as addiction treatment centers or wellness and mental health retreats, as previously suggested. The substantial size and ample land provide significant potential for expansion or development. The property's location in Montrose County, Colorado, offers access to a growing community and attractive natural surroundings. With its considerable square footage and prime location, this property represents a compelling opportunity for investors seeking a unique and versatile asset in a desirable market. The existing structure provides a solid foundation for a new venture, while the expansive lot allows for future growth and development. The property's history adds character and charm, making it an attractive proposition for businesses seeking a distinctive presence in Montrose. All interested parties are encouraged to conduct their own due diligence.

Property profile
Verified
Property type Bed & breakfasts
Use group BED & BREAKFAST
Year built 1915
Construction WOOD
Total area 4,999 SF
Lot 2.21 ac (96,268 SF)
APN 3993-362-01-023
UPID US13-1983530
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 Old School Lodge Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$920k
Owner & transaction history
Aka Properties LLC · 5 yrs held
Aka Properties LLC
since 2021
Last sale
$890,000
4 recorded transactions
2021
$890,000
2012
$550,000
2007
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +260.9%
Medical building $730,000 +131.3%
Commercial (general) $625,000 +99.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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