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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Motels
8405 Colfax Ave Denver, CO 80220-2112
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0890503
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1949
Construction
WOOD
Total area
6,847 SF
Lot
0.36 ac (15,600 SF)
Zoning code
E-MS-3
APN
01334-24-003-000
UPID
US13-0890503
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
-
Westerner Motel Hotel & Motel
-
Wendy's Restaurant Take-out & Catering
-
Hotel Nuevo Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Westerner LLC · 5 yrs held
Westerner LLC
since 2020
7 recorded transactions
Zoning & alternative use
E-MS-3 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
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
$85 / 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
$10,888
Tax year 2023
Assessed value
$211,060
Assessed 2023
Previous assessed
$190,820
+10.6% YoY
Effective rate
5.16%
On assessed value
Assessed land
$122,200
Assessed improvement
$88,860
Land market value
$468,000
Improvement market value
$318,500
Total market value
$786,500
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
1949
Construction
WOOD
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
2
Units
18
Bathrooms
0
Total area
6,847 SF
Lot
0.36 ac (15,600 SF)
Zoning code
E-MS-3
APN
01334-24-003-000
UPID
US13-0890503
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.
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
18
Bathrooms
0
Lot
0.36 ac
Current owner
From public records · entity-resolved
Westerner LLC
Entity
Mailing address
6740 E COLFAX AVE, DENVER, CO 80220-1704
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
—
Fax East Colfax Redevelopment LLC
—
Deed
related
$2,000,000 · Colorado Housing & Finance Authority
Aug 19, 2020
—
Westerner LLC
Duong H T Nguyen
Grant Deed
—
May 21, 2019
—
Duong H Nguyen
—
Deed
related
$579,000 · North Valley Bank
Dec 14, 2018
$915,000
Hong Nguyen Duong
Js Motel Property LLC
Special Warranty Deed
$579,890 · Blue Fin LLC
Nov 30, 2018
$1,350,000
S & S Motel LLC
In Woo Corp
Grant Deed
$1,027,000 · Bank Of Hope
Mar 2, 2017
$850,000
Js Motel Property LLC
Park,sa G & Soon J
Warranty Deed
$650,000 · Sa G & Soon J Park
—
—
Sa G Park
—
Deed Of Trust
related
$139,621 · Citywide Banks
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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