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Property profile & analytics
OFF-MARKET
Estimated value
$10,685,000
Hotels
52000 2nd Rivers Plz Rd Glenwood Springs, CO 81601-2811
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1089166
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
METAL FRAME
Total area
42,256 SF
Lot
1.43 ac (62,291 SF)
APN
218509215006
UPID
US13-1089166
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
$8.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.69M
Owner & transaction history
Glenwood Collection Realty LLC · 1 yrs held
Glenwood Collection Realty LLC
since 2025
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.7M
+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
$10,795,000
ML approach
$8,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,670,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$10.69M
Range $9.62M – $11.75M · ±10% · vs last sale $11.75M (May 22 2025)
Last sale anchor
$11.75M
May 22 2025
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
$253 / 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
$160,018
Tax year 2023
Assessed value
$2,216,590
Assessed 2023
Previous assessed
$1,005,610
+120.4% YoY
Effective rate
7.22%
On assessed value
Assessed land
$521,380
Assessed improvement
$1,695,210
Land market value
$1,868,730
Improvement market value
$6,076,010
Total market value
$7,944,740
Applied tax rate
74.0000
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
2006
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
1
Total area
42,256 SF
Lot
1.43 ac (62,291 SF)
APN
218509215006
UPID
US13-1089166
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
$7.7M
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
2006
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Glenwood Collection Realty LLC
Entity
Mailing address
402 7TH ST, GLENWOOD SPRINGS, CO 81601-3406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
$11,750,000
Glenwood Collection Realty LLC
Terrapin Gelnwood Tram Hotel LLC
Special Warranty Deed
$8,225,000 · Bank Of Colorado
May 31, 2023
—
Terrapin Glenwood Tram Hotel LLC
—
Deed
related
$3,500,000 · Alpine Bank
Sep 4, 2020
$182,000
Katelyn A Montgomery
Carole D Kroeker
Grant Deed
$178,703 · Academy Mtg
Apr 4, 2005
—
Caverns Centre LLC
—
Trustees Deed
related
$6,000,000 · Alpine Bank
—
—
Caverns Centre LLC
—
Deed Of Trust
related
$7,834,272 · Alpine Bank
—
—
Caverns Centre LLC
—
Deed Of Trust
related
$1,320,000 · Alpine Bank
—
—
Caverns Centre LLC
—
Deed Of Trust
related
$250,000 · Alpine Bank
—
—
Caverns Centre LLC
—
Deed Of Trust
related
—
—
—
Caverns Centre LLC
—
Deed Of Trust
related
$2,700,000 · Alpine Bank
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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