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    777 Us Highway 24 Woodland Park, CO 80863
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    777 Us Highway 24 Woodland Park, CO 80863

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    • Hotels
    • 1,192 SF
    • 1.60 lot acres
    For Sale
    View Listing →
    Pikes Peak Lodge & Cabins For Sale
    Contact for pricing
    1.60 Acres

    Pikes Peak Lodge & Cabins

    Boutique hotel with cabins and suites near Pikes Peak.

    777 US-24, Woodland Park, CO 80863
    View Listing
    Property ID
    US13-0811988
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 777 Us Highway 24

    Year built
    1953
    Lot size
    1.60 lot acres
    Property size
    1,192 SF
    Zone code
    C-1
    Property type
    Hotels
    Property subtype
    Motels
    APN
    6331.193260010
    APU
    6331193260010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Park
    County
    Teller
    State
    Colorado
    Longitude
    -105.047
    Latitude
    38.9874
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $49,043
    $82,640
    $570,270
    $652,910
    -
    $296,208
    $2,073,971
    $2,370,179

    Comparable in this City

    • Value Estimation by Request
      2,808 SF

      19263 Us Hwy 24

      HOTEL/MOTEL • 2,808 SF
      19263 Us Hwy 24, Woodland Park, CO 80863-9020
      View Details
    • Value Estimation
      $1,635,000
      29,161 SF

      722 Country Dr

      HOTEL/MOTEL • 29,161 SF
      722 Country Dr, Woodland Park, CO 80863-7900
      View Details
    • Value Estimation by Request
      2,806 SF

      27640 Triple B Rd

      HOTEL/MOTEL • 2,806 SF
      27640 Triple B Rd, Woodland Park, CO 80863
      View Details
    • Value Estimation
      $1,770,000
      32,146 SF

      730 Country Dr

      HOTEL/MOTEL • 32,146 SF
      730 Country Dr, Woodland Park, CO 80863-7900
      View Details
    • Value Estimation
      $520,000
      6,757 SF

      10090 Hwy 24

      MOTEL • 6,757 SF
      10090 Hwy 24, Woodland Park, CO 80863
      View Details
    • Value Estimation by Request
      15,000 SF

      741 Gold Hill Pl

      Retail properties & Spaces • 15,000 SF
      741 Gold Hill Pl, Woodland Park, CO 80863
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Pikes Peak Lodge & Cabins

      Boutique hotel with cabins and suites near Pikes Peak.
      777 Us Highway 24, Woodland Park, CO 80863
      View Details
    • Contact for pricing

      Pikes Peak Lodge & Cabins

      Boutique hotel with cabins and suites near Pikes Peak.
      777 S 24, Woodland Park, CO 80863
      View Details
    • $12,900,000
      420.00 Acres

      Sourdough Ranch: Colorado Legacy Property

      420-acre mountain haven near Woodland Park with development potential.
      584 Sourdough Rd, Woodland Park, CO 80863
      View Details
    • $12,900,000

      Sourdough Ranch: Colorado Legacy Property

      Rare 420+ acre Colorado property near Woodland Park.
      584 Sourdough Rd, Woodland Park, CO 80863
      View Details
    • Contact for pricing
      4,936 SF

      Woodland Park Office Building

      Fully occupied office building in Woodland Park, Colorado.
      150 Morning Sun Dr, Woodland Park, CO 80863
      View Details
    • $649,900

      Woodland Park Commercial Office Building

      Single-level commercial building suitable for office, business, or medical use.
      350 N Pine St, Woodland Park, CO 80863
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,214 SF

      Retail Space in Woodland Park

      Retail space available in well-located Woodland Park shopping center.
      743-771 Gold Hill Pl, Woodland Park, CO 80863
      View Details
    • Contact for pricing

      Woodland Park Retail Center Space

      Remodeled retail center in Woodland Park, Colorado.
      741 Gold Hill Pl S, Woodland Park, CO 80863
      View Details
    View Listing
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    Woodland Park, CO 80863
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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