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Property profile & analytics
OFF-MARKET
Estimated value
$5,440,000
Hotels
51823 Hwy 6th 6 Glenwood Springs, CO 81601-2834
Trust Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2811362
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1982
Construction
METAL FRAME
Total area
22,548 SF
Lot
2.41 ac (104,936 SF)
APN
218505300018
UPID
US13-2811362
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
$5.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.44M
Owner & transaction history
Dhananjay And Suchita Rawal Trust · 2 yrs held
Dhananjay And Suchita Rawal Trust
since 2023
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+85.1%
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
$6,150,000
ML approach
$5,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,095,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$5.44M
Range $4.90M – $5.98M · ±10% · vs last sale $4.88M (Sep 18 2023)
Last sale anchor
$4.88M
Sep 18 2023
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
$241 / 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
$74,111
Tax year 2023
Assessed value
$1,026,590
Assessed 2023
Previous assessed
$386,330
+165.7% YoY
Effective rate
7.22%
On assessed value
Assessed land
$646,830
Assessed improvement
$379,760
Land market value
$2,482,300
Improvement market value
$1,446,500
Total market value
$3,928,800
Applied tax rate
53.0000
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
1982
Construction
METAL FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Buildings
6
Stories
2
Units
3
Rooms
125
Bathrooms
61
Total area
22,548 SF
Lot
2.41 ac (104,936 SF)
APN
218505300018
UPID
US13-2811362
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
COMMERCIAL (GENERAL)
Est. value
$4.1M
COMMERCIAL (GENERAL)
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
1982
Construction
METAL FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
6
Units
3
Rooms
125
Bathrooms
61
Lot
2.41 ac
Current owner
From public records · entity-resolved
Dhananjay And Suchita Rawal Trust
Trust
Mailing address
23 VIA DEL CIELO, RANCHO PALOS VERDES, CA 90275-2511
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
Alpine Self Storage LLC
—
Deed
related
$1,000,000 · Integrity Bank & Trust
Apr 1, 2024
—
Dhananjay B Rawal
—
Deed
related
$3,000,000 · First Utah Bank
Sep 18, 2023
$4,875,000
Dhananjay And Suchita Rawal Trust
Santa Fe 3 LLC
Special Warranty Deed
$3,700,000 · First Utah Bank
Aug 5, 2022
—
Santa Fe 3 LLC
—
Deed
related
$2,500,000 · Firstbank
Dec 29, 2021
—
Santa Fe 3 LLC
Peak Zone LLC
Quit Claim Deed
related
—
Mar 1, 2021
$382,500
Peak Zone LLC
Highland Properties 4220 LLC
Special Warranty Deed
—
Oct 15, 2020
$3,825,000
Highland Properties 4220 LLC
Natalie Hert
Grant Deed
$248,625 · Firstbank
Oct 15, 2020
—
Highland Properties 4220 LLC
Natalie Hert
Grant Deed
related
—
Nov 26, 2012
—
Natalie Hert
Hert Scott L
Quit Claim Deed
related
—
Jan 26, 2010
—
Christopher W Hert
Larsen,lance A & Amy D
Grant Deed
—
May 15, 2008
—
Lance A Larsen
Hert Four INC
Quit Claim Deed
$265,000 · Hert Four INC
Aug 11, 2006
$2,660,000
Inn At Estes Park INC
Ciezczak,chester & Lillian
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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