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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Hotels
581 County Rd 241 New Castle, CO 81647-9498
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0932210
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1965
Construction
METAL FRAME
Total area
2,600 SF
Lot
10 ac (435,600 SF)
APN
212524300013
UPID
US13-0932210
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
$3.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
Paqarina Ranch LLC · 4 yrs held
Paqarina Ranch LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
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 New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Castle 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
$2,925,000
ML approach
$3,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±10% · vs last sale $3.00M (May 3 2022)
Last sale anchor
$3.00M
May 3 2022
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
$1,148 / 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
$15,862
Tax year 2023
Assessed value
$310,470
Assessed 2023
Previous assessed
$233,080
+33.2% YoY
Effective rate
5.11%
On assessed value
Assessed land
$223,490
Assessed improvement
$86,980
Land market value
$1,268,210
Improvement market value
$510,490
Total market value
$1,778,700
Applied tax rate
137.0000
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
1965
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
NONE
Buildings
4
Stories
2
Units
1
Rooms
8
Bathrooms
3
Total area
2,600 SF
Lot
10 ac (435,600 SF)
APN
212524300013
UPID
US13-0932210
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
Building & site characteristics
From public records
Year built
1965
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
1
Rooms
8
Bathrooms
3
Lot
10 ac
Current owner
From public records · entity-resolved
Paqarina Ranch LLC
Entity
Mailing address
802 N TRAVER TRL, GLENWOOD SPRINGS, CO 81601-2849
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Aug 4, 2023
—
Paqarina Ranch LLC
—
Deed
related
$1,000,000 · Community Banks Of Colorado
May 3, 2022
$3,000,000
Paqarina Ranch LLC
Brannan Properties INC
Special Warranty Deed
—
Apr 14, 2022
$2,200,000
Pqarina Ranch LLC
Compass Mountain Resorts Ll
Special Warranty Deed
—
Aug 5, 2021
$1,800,000
Compass Mountain Resorts LLC
Elk Creek Investments LLC
Special Warranty Deed
$1,620,000 · Briston W Peterson Irrevocable Trus
Feb 19, 2010
$1,500,000
Elk Creek Investments LLC
Elk Creek Rv Park LLC
Special Warranty Deed
$2,872,477 · Alpine Bank
Jul 29, 2008
$3,000,000
Elk Creek Rv Park LLC
Barrows,george N & Patricia E
Warranty Deed
$4,500,000 · Alpine Bank
—
—
Elk Creek Investments LLC
—
Deed Of Trust
related
—
—
—
Elk Creek Investment LLC
—
Loan Modification
related
—
—
—
Elk Creek Rv Park LLC
—
Deed Of Trust
related
$4,500,000 · 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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