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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    841 Riverside Dr Estes Park, CO 80517

    • Hotels
    • 3,696 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    Jun 11, 2021
    $2,000,000
    Value Estimations
    $1,905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1155295
    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

    • Hotels

    Property Details for 841 Riverside Dr

    Year built
    1998
    Construction
    WOOD FRAME
    Lot size
    0.48 lot acres
    Property size
    3,696 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    35351-07-005
    APU
    3535107005

    Description

    This exceptional Estes Park hospitality investment offers a unique opportunity to acquire two adjoining properties totaling nearly 1.3 acres. The main property, Mountain Shadows Resort, comprises eight charming cottages, each featuring a private hot tub, king bed, fireplace, kitchenette, and private deck. These cottages, built in 1999 and renovated in 2022, are designated as a Pre-Existing Lodging Facility (PELF) by Larimer County, ensuring a transferable designation for short-term rentals. The resort boasts a 9.6 rating on Booking.com, the highest in Estes Park, with exceptional reviews across cleanliness, value, comfort, and staff. Gross revenues for the past 12 months show a 12.6% increase, with significant growth in the current season. The adjacent property, a 2,800 square-foot, four-bedroom home with a three-car garage, offers versatile options: owner occupancy, additional rental income, or on-site manager housing. This property features high-end finishes including vaulted ceilings, hardwood floors, and multiple fireplaces. Both properties are situated in the highly desirable EV-A1 zoning, allowing for short-term rentals and capitalizing on the 4.5 million annual visitors to nearby Rocky Mountain National Park. The asking price is $3,300,000, with a pro-forma cap rate of 10% and a pro-forma NOI of $210,771. The property includes 13 parking spaces and five buildings. This turnkey operation presents a rare combination of high-performing lodging and luxurious residential living in a prime location. The property's success is further evidenced by its presence on Booking.com, TripAdvisor, and Expedia, consistently achieving high ratings and awards.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,780,000
      ML approach
      $1,850,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Estes Park
    County
    Larimer
    State
    Colorado
    Longitude
    -105.538
    Latitude
    40.3607
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, 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
    $22,361
    $43,859
    $281,176
    $325,035
    -
    $157,200
    $1,007,800
    $1,165,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      1,024 SF

      1675 Fall Riv Rd

      HOTEL/MOTEL • 1,024 SF
      1675 Fall Riv Rd, Estes Park, CO 80517-9145
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    • Value Estimation by Request
      478 SF

      2445 State Hwy 66

      HOTEL/MOTEL • 478 SF
      2445 State Hwy 66, Estes Park, CO 80517-8344
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      144 SF

      2051 Big Thompson Ave

      HOTEL/MOTEL • 144 SF
      2051 Big Thompson Ave, Estes Park, CO 80517-8847
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    • Value Estimation by Request
      220 SF

      5770 State Hwy 7th 7

      HOTEL/MOTEL • 220 SF
      5770 State Hwy 7th 7, Estes Park, CO 80517-6408
      View Details
    • Value Estimation by Request
      325 SF

      4900 State Hwy 7th 7

      HOTEL/MOTEL • 325 SF
      4900 State Hwy 7th 7, Estes Park, CO 80517
      View Details

    Similar Nearby for Sale

    • $8,200,000

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      30-acre lodge between Estes Park and Rocky Mountain National Park.
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      View Details
    • $1,750,000
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      Estes Park Development Opportunity

      2.29-acre property approved for 26 luxury hotel units near Rocky Mountain National Park.
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      Estes Park Commercial Gem

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      Estes Park Income-Producing Property

      Turnkey investment property in Estes Park with commercial and residential units.
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    • $750,000
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      Commercial Building Near National Park

      Free-standing commercial building on busy thoroughfare near Rocky Mountain National Park.
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    • $899,000
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      A-1 Zoned Land Near Estes

      5.47-acre vacant land with A-1 zoning near Estes Park.
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      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Estes Park Retail Space Available

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    • $2,742,000
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      Estes Park Office Suites Available

      Small office suites for rent in central Estes Park location.
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    • $19 SF/Yr
      640 SF

      Office Space in Stanley Village

      Office space for lease in Stanley Village Shopping Center.
      517 Big Thompson Ave, Estes Park, CO 80517
      View Details
    • $18 SF/Yr
      8,000 SF

      Retail Space in Stanley Village

      8,000 SF retail or entertainment space with parking.
      541-543 Big Thompson Ave, Estes Park, CO 80517
      View Details
    • $12 SF/Yr
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      Estes Park Office Space

      Office space in Stanley Village Shopping Center, Estes Park, CO.
      513 Big Thompson Ave, Estes Park, CO 80517
      View Details
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    Estes Park, CO 80517
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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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