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Property profile & analytics
OFF-MARKET
Estimated value
$5,150,000
Hotels
415 6th St Glenwood Springs, CO 81601-3101
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0845882
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Construction
METAL FRAME
Total area
61,845 SF
Lot
2.02 ac (88,136 SF)
APN
218509125001
UPID
US13-0845882
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
$5.97M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$5.15M
Owner & transaction history
Glenwood Hot Springs Lodge & P · 7 yrs held
Glenwood Hot Springs Lodge & P
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.0M
+32.3%
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 Glenwood Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenwood Springs 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%
$6,465,000
6.5%
$5,965,000
7%
$5,540,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,065,000
Current use
OFFICE BUILDING
$8,025,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,900,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$5.15M
Range $4.64M – $5.67M · ±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
$83 / 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
$152,758
Tax year 2023
Assessed value
$2,115,320
Assessed 2023
Previous assessed
$1,613,160
+31.1% YoY
Effective rate
7.22%
On assessed value
Assessed land
$1,106,550
Assessed improvement
$1,008,770
Land market value
$3,966,120
Improvement market value
$3,615,670
Total market value
$7,581,790
Applied tax rate
73.0000
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
1985
Construction
METAL FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Stories
4
Units
1
Rooms
1
Bathrooms
111
Total area
61,845 SF
Lot
2.02 ac (88,136 SF)
APN
218509125001
UPID
US13-0845882
Jurisdiction
GARFIELD
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
$6.1M
OFFICE BUILDING
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
HOTEL/MOTEL Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1985
Construction
METAL FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
4
Units
1
Rooms
1
Bathrooms
111
Lot
2.02 ac
Current owner
From public records · entity-resolved
Glenwood Hot Springs Lodge & P
Individual
Mailing address
PO BOX 308, GLENWOOD SPRINGS, CO 81602-0308
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2019
—
Glenwood Hot Springs Lodge & P
—
Grant Deed
related
$25,000,000 · Alpine Bk
Apr 4, 2018
—
Glenwood Hot Springs Lodge & P
—
Deed
related
—
Jan 31, 2017
—
Glenwood Hot Springs Lodge & P
—
Trustees Deed
related
$1,500,000 · Alpine Bk
May 12, 2011
—
Hot Springs Lodge Glenwood
—
Deed Of Trust
related
$1,500,000 · American National Bank & Trust
—
—
Hot Spgs Ldg Glenwood
—
Deed Of Trust
related
$8,000,000 · American National Bank & Trust
—
—
Glenwood Hot Springs Lodge & P
—
Loan Modification
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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