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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Motels
8282 Colfax Ave Denver, CO 80220-2110
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0272923
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1954
Construction
WOOD
Total area
7,088 SF
Lot
0.28 ac (12,200 SF)
Zoning code
E-MS-3
APN
06041-07-017-000
UPID
US13-0272923
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
-
Reese's Hotel & Motel
-
REGIS MOTEL Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.26M
Owner & transaction history
G And E LLC · 3 yrs held
G And E LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
E-MS-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.9M
+11.1%
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
Method
Estimation
Statistic approach
$1,250,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,710,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,900,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.50M (May 23 2023)
Last sale anchor
$1.50M
May 23 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
$177 / 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
$17,578
Tax year 2023
Assessed value
$226,850
Assessed 2023
Previous assessed
$204,540
+10.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$93,740
Assessed improvement
$133,110
Land market value
$366,000
Improvement market value
$477,100
Total market value
$843,100
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
1954
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
17
Bathrooms
0
Total area
7,088 SF
Lot
0.28 ac (12,200 SF)
Zoning code
E-MS-3
APN
06041-07-017-000
UPID
US13-0272923
Jurisdiction
DENVER
Zoning & alternative use
E-MS-3 · Denver, CO
Zoning E-MS-3 · permitted uses
E-MS-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
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
1954
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
17
Bathrooms
0
Lot
0.28 ac
Current owner
From public records · entity-resolved
G And E LLC
Entity
Mailing address
8282 E COLFAX AVE, DENVER, CO 80220-2110
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$1,500,000
G And E LLC
Regis Motel LLC
Special Warranty Deed
$500,000 · Capital Fund I LLC
Jun 3, 2019
$1,300,000
Regis Motel LLC
Myong Lee
Warranty Deed
$1,030,000 · Open Bank
Jun 3, 2019
—
Myong J Lee
Regis Motel Corp
Quit Claim Deed
related
—
May 18, 2017
—
Myong Lee
Regis Motel Corp
Quit Claim Deed
related
—
Apr 10, 2015
$440,000
Regis Motel Corp
Martinez Toby & Tracey
Grant Deed
$190,000 · Toby & Tracey Martinez
Jul 5, 2007
—
Toby Martinez
Martinez,toby
Quit Claim Deed
related
$326,797 · Bank Of The West
Mar 21, 2002
—
Toby Martinez
Grossjung,eric
Quit Claim Deed
related
—
Aug 1, 2001
$320,000
Toby Martinez
New Vega Enterprises Ltd
Grant Deed
$267,200 · Merchants Mortgage & Trust
—
—
Toby Martinez
—
Deed Of Trust
related
$100,867 · Bank Of The West
—
—
Sung H Kim
—
Deed Of Trust
related
$136,800 · World Savings Bank
—
—
Toby Martinez
—
Deed Of Trust
related
$273,748 · Commercial Federal Bank
—
—
Toby Martinez
—
Deed Of Trust
related
$257,102 · Commercial Federal 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.
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