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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Motels
2279 Hawkins Cortez, CO 81321-9002
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US13-2103072
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1993
Total area
18,810 SF
Lot
4.21 ac (183,388 SF)
Zoning code
A/R 3-9
APN
561125400005
UPID
US13-2103072
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
$1.42M
Owner & transaction history
Cortez Hospitality LLC · 20 yrs held
Cortez Hospitality LLC
since 2006
3 recorded transactions
Zoning & alternative use
A/R 3-9 · Cortez, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City of Cortez Land USE CODE
Top alternative use upside
Commercial (general)
$1.8M
+12.7%
Retail stores
$1.8M
+12.3%
Auto repair, garage
$1.7M
+4.0%
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 Cortez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cortez 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,590,000
Current use
COMMERCIAL (GENERAL)
$1,790,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$1,785,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,655,000
Change: +4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,335,000
Change: -16% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,325,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$75 / 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
$81,740
Tax year 2023
Assessed value
$1,531,131
Assessed 2023
Previous assessed
$823,786
+85.9% YoY
Effective rate
5.34%
On assessed value
Assessed land
$531,824
Assessed improvement
$999,307
Land market value
$1,833,876
Improvement market value
$3,445,887
Total market value
$5,279,763
Applied tax rate
12,053.0000
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
1993
Heating
RADIANT
Buildings
4
Stories
1
Total area
18,810 SF
Lot
4.21 ac (183,388 SF)
Zoning code
A/R 3-9
APN
561125400005
UPID
US13-2103072
Jurisdiction
MONTEZUMA
Zoning & alternative use
A/R 3-9 · Cortez, COZoning A/R 3-9 · permitted uses
A/R 3-9 · Cortez, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City of Cortez Land USE CODE
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1993
Heating
RADIANT
Stories
1
Buildings
4
Lot
4.21 ac
Current owner
From public records · entity-resolved
Cortez Hospitality LLC
Entity
Mailing address
2321 HAWKINS ST, CORTEZ, CO 81321
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2020
—
Cortez Hospitality LLC
—
Deed
related
$200,000 · Winpro Debt Opportunity Fund II LLC
Mar 16, 2006
$4,500,000
Cortez Hospitality LLC
Jane Zubrzycki
Warranty Deed
$2,110,000 · California Bank & Trust
Mar 9, 2006
—
Jane Zubrzycki
Cortez Hospitality LLC
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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