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Property profile & analytics
OFF-MARKET
Estimated value
$10,360,000
Hotels
600 Wapiti Ct Rifle, CO 81650-3474
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2717641
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
METAL FRAME
Total area
63,337 SF
Lot
2.41 ac (104,980 SF)
APN
217716417012
UPID
US13-2717641
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
$11.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.36M
Owner & transaction history
Aslt Patel · 3 yrs held
Aslt Patel
since 2023
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.6M
+122.1%
Office building
$9.9M
+74.2%
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 Rifle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rifle 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
$13,240,000
ML approach
$11,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,625,000
Change: +122% · Conversion: Difficult
OFFICE BUILDING
$9,900,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$10.36M
Range $9.32M – $11.40M · ±10% · vs last sale $10.50M (Jun 26 2023)
Last sale anchor
$10.50M
Jun 26 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
$164 / 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
$69,029
Tax year 2023
Assessed value
$1,046,320
Assessed 2023
Previous assessed
$719,650
+45.4% YoY
Effective rate
6.60%
On assessed value
Assessed land
$234,320
Assessed improvement
$812,000
Land market value
$839,840
Improvement market value
$2,910,390
Total market value
$3,750,230
Applied tax rate
43.0000
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
3
Units
1
Bathrooms
117
Total area
63,337 SF
Lot
2.41 ac (104,980 SF)
APN
217716417012
UPID
US13-2717641
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
$12.6M
OFFICE BUILDING
Est. value
$9.9M
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
3
Units
1
Bathrooms
117
Lot
2.41 ac
Current owner
From public records · entity-resolved
Aslt Patel
Individual
Mailing address
600 WAPITI CT, RIFLE, CO 81650-3474
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
—
Asit Patel
—
Deed
related
$7,660,000 · Unibank
Jun 26, 2023
$10,500,000
Aslt Patel
Confortstay LLC
Special Warranty Deed
$7,660,000 · Unibank
May 22, 2019
—
Comfortstay LLC
—
Deed
related
$3,445,000 · Anb Bk
May 17, 2019
—
Comfortstay LLC
—
Deed
related
$150,000 · Anb Bank
May 30, 2013
$3,650,000
Comfortstay LLC
Rifle Hospitality LLC
Grant Deed
$3,100,000 · Anb Bank
Mar 29, 2005
$705,000
Earle H Wright
Rifle Retail Ventures LLC
Grant Deed
—
Mar 29, 2005
—
Rifle Hospitality LLC
Wright,earle H & Donna K
Warranty Deed
$528,750 · American National Bank & Trust
—
—
Comfortstay LLC
—
Loan Modification
related
$3,445,000 · Anb Bk
—
—
Rifle Hospitality LLC
—
Deed Of Trust
related
$3,150,000 · American National Bank & Trust
—
—
Rifle Hospitality LLC
—
Deed Of Trust
related
$3,200,000 · American National Bank & Trust
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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