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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Motels
6701 Colfax Ave Denver, CO 80220-1703
Trust Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0466000
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1959
Construction
WOOD
Total area
12,724 SF
Lot
0.52 ac (22,750 SF)
Zoning code
MS-1
APN
01324-37-016-000
UPID
US13-0466000
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
Current use
Occupant on record · Public records
-
Niagara House Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Kim Family Trust · 2 yrs held
Kim Family Trust
since 2023
5 recorded transactions
Zoning & alternative use
MS-1 · Denver, CO
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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$81 / 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
$11,091
Tax year 2023
Assessed value
$143,130
Assessed 2023
Previous assessed
$153,960
-7.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$71,120
Assessed improvement
$72,010
Land market value
$1,023,700
Improvement market value
$915,800
Total market value
$1,939,500
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
HOT WATER
Cooling
WINDOW A/C
Buildings
3
Stories
1
Units
38
Rooms
6
Bathrooms
3
Total area
12,724 SF
Lot
0.52 ac (22,750 SF)
Zoning code
MS-1
APN
01324-37-016-000
UPID
US13-0466000
Jurisdiction
DENVER
Zoning & alternative use
MS-1 · Denver, CO
Zoning MS-1 · permitted uses
MS-1 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
3
Units
38
Rooms
6
Bathrooms
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Kim Family Trust
Trust
Mailing address
6701 E COLFAX AVE, DENVER, CO 80220-1703
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2023
—
Kim Family Trust
Choon Tae Kim
Beneficiary Deed
related
—
Sep 29, 2015
—
Choon T Kim
Kim,choon T
Quit Claim Deed
related
—
May 1, 2001
$1,220,000
Choon T Kin
Soon,hyeong
Grant Deed
$926,700 · Amresco Independence Funding
—
—
Choon T Kim
—
Deed Of Trust
related
$945,000 · Commerce Bank NA
—
—
Choon T Kim
—
Deed Of Trust
related
$87,341 · Premier 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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