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Property profile & analytics
OFF-MARKET Estimated value $665,000
Hotels

21220 Baron Lk Dr 1 Cedaredge, CO 81413-8253

5,961 SF 10.17 ac lot Built 1920
Individually Owned 10-yr Hold ~ Est. High Equity
Property ID
US13-1826403
Property summary
AI-generated overview

This exceptional turn-key business opportunity presents the chance to own a renowned lodge nestled on over 10 acres of private land within the Grand Mesa National Forest. This historic landmark, known for its accessibility and stunning location on the world's largest flat-top mountain, operates year-round, catering to both summer and winter recreation enthusiasts. The property boasts a substantial 12,038 square feet, encompassing a fully equipped restaurant and bar with separate dining areas and two bathrooms. Upstairs, a six-bedroom, three-bathroom residence provides comfortable owner accommodations. Further enhancing the income potential are seven individual cabins and an eight-room motel, each fully furnished and updated. The lodge enjoys a loyal clientele, hosting weddings and attracting visitors drawn to the area's abundant recreational opportunities. Existing infrastructure includes established domestic water, septic, and power systems, providing a solid foundation for expansion with potential for additional cabin or RV sites. The surrounding Grand Mesa National Forest offers unparalleled access to over 270 reservoirs and lakes, extensive trails ideal for various activities including Nordic skiing, snowmobiling, ATV riding, and horseback riding, as well as exceptional fishing and hunting. This established business presents a unique opportunity for significant growth and expansion in a highly desirable location. The property is offered at $2,950,000.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1920
Construction FRAME
Total area 5,961 SF
Lot 10.17 ac (443,005 SF)
APN 297701200004
UPID US13-1826403
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$665k
Owner & transaction history
Jan Chyc · 10 yrs held
Jan Chyc
since 2016
2 recorded transactions
2020
Price N/A
2016
$1.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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