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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Hotels
781 Burning Mtn Ave New Castle, CO 81647-9679
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0070076
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2002
Construction
METAL FRAME
Total area
24,142 SF
Lot
1.64 ac (71,438 SF)
APN
212332302064
UPID
US13-0070076
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
-
The Lodge at New Castle Hotel & Motel
-
Wingate by Wyndham New Castle - Glenwood Springs Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.43M
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$3.34M
Owner & transaction history
Dhananjay Rawal · 4 yrs held
Dhananjay Rawal
since 2021
Last sale
$3.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+101.9%
Office building
$3.4M
+55.4%
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
$2,955,000
ML approach
$3,430,000
CAP Approach
CAP Return
Estimation
6%
$2,525,000
6.5%
$2,330,000
7%
$2,160,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,165,000
Current use
COMMERCIAL (GENERAL)
$4,375,000
Change: +102% · Conversion: Difficult
OFFICE BUILDING
$3,370,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±10% · vs last sale $3.48M (Oct 7 2021)
Last sale anchor
$3.48M
Oct 7 2021
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
$138 / 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
$54,422
Tax year 2023
Assessed value
$873,320
Assessed 2023
Previous assessed
$555,280
+57.3% YoY
Effective rate
6.23%
On assessed value
Assessed land
$239,310
Assessed improvement
$634,010
Land market value
$857,740
Improvement market value
$2,272,440
Total market value
$3,130,180
Applied tax rate
79.0000
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
2002
Construction
METAL FRAME
Heating
YES
Cooling
EVAPORATIVE
Stories
2
Units
1
Bathrooms
53
Total area
24,142 SF
Lot
1.64 ac (71,438 SF)
APN
212332302064
UPID
US13-0070076
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
HOTEL/MOTEL Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.4M
HOTEL/MOTEL Current
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
2002
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
53
Lot
1.64 ac
Current owner
From public records · entity-resolved
Dhananjay Rawal
Individual
Mailing address
4795 BLUE MTN DR, YORBA LINDA, CA 92887-2606
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
$3,475,000
Dhananjay Rawal
Coal Seam Hospitality LLC
Special Warranty Deed
$2,675,000 · Coal Seam Hospitality LLC
May 17, 2005
$2,600,000
Coal Seam Hospitality LLC
Mcbride New Castle & Assocs Ll
Grant Deed
$2,050,000 · Bank Of Colorado
—
—
Coal Seam Hospitality LLC
—
Loan Modification
related
—
—
—
Coal Seam Hospitality LLC
—
Loan Modification
related
$1,333,439 · Bank Of Co
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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