500 7th St Leadville, CO 80461-3133
Property profile & analytics
500 7th St Leadville, CO 80461-3133
- Hotels
- 4,720 SF
- 0.06 lot acres
Property ID
US13-1174744
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Inn the Clouds Hostel & Inn / Hostel
- Burger King / Restaurant
Property Details for 500 7th St
- Year built
- 1970
- Construction
- WOOD
- Lot size
- 0.06 lot acres
- Property size
- 4,720 SF
- Zone code
- R2
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 263324307008
- APU
- 263324307008
Description
This exceptional 14-key hotel in Leadville, Colorado, presents a compelling investment opportunity. The property, comprised of two buildings totaling 7,587 square feet on a 10,752 square foot lot, boasts a diverse mix of accommodations, including dorm-style and private ensuite rooms, catering to a wide range of travelers. The main building features 11 rooms, while the second building, recently remodeled, adds 3 more. Guest amenities include two family rooms, a spacious kitchen, a dining room, and a coin-operated laundry room (two washers and two dryers). An on-site manager's apartment and employee laundry facilities (one washer and one dryer) are also included. Heating is a combination of furnace and electric, with one new furnace in the main building. Ample off-street parking is available. The property's strong financial performance is highlighted by a current NOI of $221,729 and a pro-forma NOI of $247,406, translating to a current cap rate of 14.78% and a pro-forma cap rate of 16.49%. Built in 1970, this well-established hotel benefits from a prime location in Leadville, close to renowned ski resorts, ensuring year-round recreational opportunities and high demand for affordable lodging. The asking price is $1,500,000, representing a price per key of $107,142.86. This presents a rare chance to acquire a profitable hospitality asset with significant upside potential in a thriving Colorado mountain town.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $695,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Leadville
- County
- Lake
- State
- Colorado
- Longitude
- -106.285
- Latitude
- 39.2514
- CBSA code
- 20780
- CBSA name
- EDWARDS, CO MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,121
$23,238
$92,770
$116,008
-
$94,110
$403,600
$497,710
