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    Property profile & analytics

    781 Burning Mtn Ave New Castle, CO 81647-9679

    • Hotels
    • 24,142 SF
    • 1.64 lot acres
    OFF-MARKET
    Value Estimation
    $3,195,000
    Last Sale
    Oct 07, 2021
    $3,475,000
    Location Intelligence
    Property ID
    US13-0070076
    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.

    Current Use by Public Records

    • The Lodge at New Castle / Hotel / Lodge
    • Wingate by Wyndham New Castle - Glenwood Springs / Hotel / Lodge

    Property Details for 781 Burning Mtn Ave

    Year built
    2002
    Construction
    METAL FRAME
    Lot size
    1.64 lot acres
    Property size
    24,142 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    212332302064
    APU
    212332302064

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,955,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,300,000
      6.5%
      $3,690,000
      7%
      $3,445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,525,000
      Geo Method
      $3,790,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,135,000
      Retail
      $3,025,000
      Mixed-Use
      $3,660,000
      Hospitality
      $2,795,000
      Educational
      $3,010,000
      Residential Income
      $2,880,000
      Energy
      $3,575,000
      Income-Based Land
      $3,340,000
      Food Service
      $3,625,000

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Garfield
    State
    Colorado
    Longitude
    -107.517
    Latitude
    39.5675
    CBSA code
    24060
    CBSA name
    GLENWOOD SPRINGS, CO MICROPOLITAN 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
    $54,422
    $239,310
    $634,010
    $873,320
    -
    $857,740
    $2,272,440
    $3,130,180

    Comparable in this City

    • Value Estimation
      $2,925,000
      2,600 SF

      581 County Rd 241

      HOTEL/MOTEL • 2,600 SF
      581 County Rd 241, New Castle, CO 81647-9498
      View Details
    • Value Estimation by Request
      1,904 SF

      15805 County Rd 245

      HOTEL/MOTEL • 1,904 SF
      15805 County Rd 245, New Castle, CO 81647-9806
      View Details
    • Value Estimation by Request
      1,850 SF

      201 Main St

      COMMERCIAL (GENERAL) • 1,850 SF
      201 Main St, New Castle, CO 81647
      View Details
    • Value Estimation by Request
      2.81 Acres

      6136 County Rd 335

      VACANT COMMERCIAL LAND • 2.81 Acres
      6136 County Rd 335, New Castle, CO 81647-9504
      View Details
    • Value Estimation
      $335,000
      3,028 SF

      791 Burning Mtn Ave

      COMMERCIAL (GENERAL) • 3,028 SF
      791 Burning Mtn Ave, New Castle, CO 81647-9679
      View Details
    • Value Estimation
      $425,000
      2,304 SF

      6100 County Rd 335

      MANUFACTURING (LIGHT) • 2,304 SF
      6100 County Rd 335, New Castle, CO 81647-9504
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      18,300 SF

      Retail Building in New Castle

      Multi-tenant retail building with available spaces in New Castle, CO.
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      View Details
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      View Details

    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      1.1k
    • Avg Time on site
      595 min
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    781 Burning Mtn Ave
    New Castle, CO 81647-9679
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    Realmo Value Estimation

    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.

    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.

    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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