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Property profile & analytics
OFF-MARKET
Hotels
2576 County Rd 81 Cripple Creek, CO 80813-5086
Entity Owned
9-yr Hold
Property ID
US13-1514236
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1992
Total area
2,959 SF
Lot
35.5 ac (1,546,511 SF)
Zoning code
CG
APN
1003.044000200
UPID
US13-1514236
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
by Request
Owner & transaction history
Lantern Management INC · 9 yrs held
Lantern Management INC
since 2017
5 recorded transactions
Zoning & alternative use
CG · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,303
Tax year 2023
Assessed value
$144,310
Assessed 2023
Previous assessed
$157,030
-8.1% YoY
Effective rate
2.98%
On assessed value
Assessed land
$54,700
Assessed improvement
$89,610
Land market value
$253,581
Improvement market value
$493,282
Total market value
$746,863
Applied tax rate
10.0000
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
FORCED AIR
Cooling
YES
Buildings
15
Stories
2
Rooms
15
Total area
2,959 SF
Lot
35.5 ac (1,546,511 SF)
Zoning code
CG
APN
1003.044000200
UPID
US13-1514236
Jurisdiction
TELLER
Zoning & alternative use
CG · Cripple Creek, CO
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1992
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
15
Rooms
15
Lot
35.5 ac
Current owner
From public records · entity-resolved
Lantern Management INC
Entity
Mailing address
PO BOX 1689, CRIPPLE CREEK, CO 80813-1689
Ownership since
2017
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
Jun 24, 2019
—
Lantern Management INC
—
Trustees Deed
related
$135,000 · Stearns Bk
Jun 5, 2017
$790,000
Lantern Management INC
High Country Experience INC
Warranty Deed
$950,000 · Stearns Bank NA
Apr 1, 2014
$748,500
High Country Experience INC
Jps Holdings INC
Warranty Deed
$600,000 · Jps Holdings INC
Feb 12, 2009
—
Jps Holdings INC
Spang,jimmy J
Warranty Deed
—
May 1, 2008
$330,000
Jimmy J Spang
Bachman,jane J
Warranty Deed
—
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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