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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Motels
8500 Colfax Ave Denver, CO 80220-2141
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0805532
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1933
Construction
WOOD
Total area
13,615 SF
Lot
0.76 ac (33,250 SF)
Zoning code
E-MS-3
APN
06041-04-001-000
UPID
US13-0805532
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
-
Stride/Jeffco Clinic: Peterson Jonathan B MD Pediatrician Physician
-
Lakewood Health Center Hospital
-
Mcpn/Jeffco Clinic: Frazier Erin E Employment Agency
-
Stride/Jeffco Clinic: Chen Kim P MD Physician
-
Stride/Jeffco Clinic: Wyatt Joan MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.62M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.67M
Owner & transaction history
Runt & Bro Willow LLC · 4 yrs held
Runt & Bro Willow LLC
since 2022
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
E-MS-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.4M
+34.4%
Commercial (general)
$4.4M
+34.0%
Retail stores
$4.4M
+33.2%
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
$2,565,000
ML approach
$2,620,000
CAP Approach
CAP Return
Estimation
6%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,290,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,420,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,405,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$4,380,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$4,135,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,650,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10% · vs last sale $2.75M (Mar 14 2022)
Last sale anchor
$2.75M
Mar 14 2022
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
$196 / 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
$28,573
Tax year 2023
Assessed value
$368,750
Assessed 2023
Previous assessed
$227,500
+62.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$269,930
Assessed improvement
$98,820
Land market value
$997,500
Improvement market value
$354,200
Total market value
$1,351,700
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
1933
Construction
WOOD
Heating
FORCED AIR
Buildings
6
Stories
1
Units
30
Total area
13,615 SF
Lot
0.76 ac (33,250 SF)
Zoning code
E-MS-3
APN
06041-04-001-000
UPID
US13-0805532
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
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1933
Construction
WOOD
Heating
FORCED AIR
Stories
1
Buildings
6
Units
30
Lot
0.76 ac
Current owner
From public records · entity-resolved
Runt & Bro Willow LLC
Entity
Mailing address
3061 S ADAMS ST, DENVER, CO 80210-6507
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2022
$2,750,000
Runt & Bro Willow LLC
Shcj Enterprises INC
Special Warranty Deed
$2,812,500 · First National Bank
Jun 29, 2021
$2,500,000
Shcj Enterprises INC
Kimlee Bm INC
Special Warranty Deed
$1,750,060 · Open Bank
Feb 14, 2019
$1,550,000
Kimlee Bm INC
Cho,sang N & Jung J
Warranty Deed
$1,217,000 · Bank Of Hope
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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