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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Hotels
24192 Prospect Ave Aurora, CO 80016-5384
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-1140127
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,852 SF
Lot
3.26 ac (142,112 SF)
APN
2071-19-4-16-001
UPID
US13-1140127
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
$5.05M
Owner & transaction history
Safari Hotel Fund Den-2018 LLC · 7 yrs held
Safari Hotel Fund Den-2018 LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.4M
+65.8%
Neighborhood: shopping center
$6.8M
+34.4%
Commercial (general)
$6.8M
+34.0%
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$5,035,000
Current use
AUTO REPAIR, GARAGE
$8,350,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,770,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,750,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$6,705,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,480,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$6,330,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±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
$242 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$261,412
Tax year 2021
Assessed value
$2,383,218
Assessed 2023
Previous assessed
$2,316,520
+2.9% YoY
Effective rate
10.97%
On assessed value
Land market value
$2,842,240
Improvement market value
$5,729,760
Total market value
$8,572,000
Applied tax rate
164.0000
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
3
Stories
3
Bathrooms
131
Total area
20,852 SF
Lot
3.26 ac (142,112 SF)
APN
2071-19-4-16-001
UPID
US13-1140127
Jurisdiction
ARAPAHOE
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
$5.0M
AUTO REPAIR, GARAGE
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.8M
RETAIL STORES
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$6.3M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Buildings
3
Bathrooms
131
Lot
3.26 ac
Current owner
From public records · entity-resolved
Safari Hotel Fund Den-2018 LLC
Entity
Mailing address
16435 N SCOTTSDALE RD STE #230, SCOTTSDALE, AZ 85254-1664
Ownership since
2018
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
Sep 13, 2018
$17,050,000
Safari Hotel Fund Den-2018 LLC
Mile High Hospitality INC
Trustees Deed
$12,500,000 · Argentic R/e Fin LLC
Aug 25, 2017
—
Mile High Hospitality INC
—
Grant Deed
related
$12,000,000 · Great Wstrn Bk
Jan 3, 2011
$7,555,000
Mile High Hospitality INC
Mile High Bks
Quit Claim Deed
related
$7,555,000 · Mile High Bk NA
Apr 20, 2010
$7,900,000
Hotel Gold Crown Southland LLC
Public Trustee Of Arapahoe Cnty
Certificate Of Purchase
$7,661,376
Jun 2, 2009
—
Hotel Gold Crown Southland LLC
—
Trustees Deed
related
$107,591 · Wholesale Doors & Frames INC
May 5, 2009
—
Hotel Gold Crown Southland LLC
—
Trustees Deed
related
$9,161,376 · Mile High Bank NA
Jul 23, 2008
—
Hotel Gold Crown Southland LLC
—
Trustees Deed
related
$7,661,376 · Mile High Bank NA
Feb 16, 2007
$1,300,000
Hotel Gold Crown Southland LLC
Southlands Colorado LLC
Grant Deed
related
$7,755,800 · Commercial Capital
—
—
Hotel Gold Crown Southland LLC
—
Deed Of Trust
related
$1,082,400 · Stewart Inv Props LLC
—
—
Hotel Gold Crown Southland LLC
—
Deed Of Trust
related
$1,904,000 · American National Bank & Trust
—
—
Mile High Hospitality INC
—
Loan Modification
related
$8,470,000 · First Nat'l Bk/denver
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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