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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Hotels
256 Bennett Ave Cripple Creek, CO 80813-5039
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US13-0886992
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1992
Total area
29,755 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CCK
APN
4005.133200390
UPID
US13-0886992
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
$1.66M
Owner & transaction history
Midnight Rose Hotel & Casino I · 17 yrs held
Midnight Rose Hotel & Casino I
since 2008
5 recorded transactions
Zoning & alternative use
CCK · Cripple Creek, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cripple Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cripple Creek 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
WAREHOUSE, STORAGE
$2,755,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$56 / 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
$52,341
Tax year 2023
Assessed value
$2,262,890
Assessed 2023
Previous assessed
$1,749,700
+29.3% YoY
Effective rate
2.31%
On assessed value
Assessed land
$616,780
Assessed improvement
$1,646,110
Land market value
$2,210,670
Improvement market value
$5,930,045
Total market value
$8,140,715
Applied tax rate
40.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1992
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
14
Stories
1
Rooms
19
Total area
29,755 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CCK
APN
4005.133200390
UPID
US13-0886992
Jurisdiction
TELLER
Zoning & alternative use
CCK · Cripple Creek, CO
Zoning CCK · permitted uses
CCK · Cripple Creek, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cripple Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.8M
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
1992
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
14
Rooms
19
Lot
0.29 ac
Current owner
From public records · entity-resolved
Midnight Rose Hotel & Casino I
Individual
Mailing address
PO BOX 976, CRIPPLE CREEK, CO 80813-0976
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2008
—
Midnight Rose Hotel & Casino I
—
Deed Of Trust
related
$25,000,000 · Mutual Of Omaha Bank
Apr 27, 2006
—
Midnight Rose Hotel & Casino I
—
Deed Of Trust
related
$15,000,000 · First National Bank Nevada
—
—
Midnight Rose Hotel & Casino I
—
Loan Modification
related
$18,500,000 · Mutual/omaha Bk
—
—
Midnight Rose Hotel & Casino I
—
Deed Of Trust
related
$13,000,000 · First National Bank Nevada
—
—
Midnight Rose Hotel & Casino I
—
Deed Of Trust
related
$13,000,000 · First National Bank Nevada
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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