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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Motels
8701 Colfax Ave Denver, CO 80220-2233
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0255110
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1951
Construction
WOOD
Total area
7,232 SF
Lot
0.38 ac (16,625 SF)
Zoning code
E-MS-5
APN
01334-27-009-000
UPID
US13-0255110
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
-
Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.34M
Owner & transaction history
Dahiak LLC · 4 yrs held
Dahiak LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
E-MS-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+25.7%
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
$1,305,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,745,000
Current use
MEDICAL BUILDING
$2,195,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,940,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.40M (Apr 25 2022)
Last sale anchor
$1.40M
Apr 25 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
$185 / 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
$19,355
Tax year 2023
Assessed value
$249,790
Assessed 2023
Previous assessed
$99,570
+150.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$130,800
Assessed improvement
$118,990
Land market value
$498,800
Improvement market value
$426,500
Total market value
$925,300
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
1951
Construction
WOOD
Heating
HOT WATER
Cooling
WINDOW A/C
Buildings
2
Stories
1
Units
13
Total area
7,232 SF
Lot
0.38 ac (16,625 SF)
Zoning code
E-MS-5
APN
01334-27-009-000
UPID
US13-0255110
Jurisdiction
DENVER
Zoning & alternative use
E-MS-5 · Denver, CO
Zoning E-MS-5 · permitted uses
E-MS-5 · 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
MEDICAL BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
HOTEL/MOTEL Current
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
1951
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
13
Lot
0.38 ac
Current owner
From public records · entity-resolved
Dahiak LLC
Entity
Mailing address
8701 E COLFAX AVE, DENVER, CO 80220-2233
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
$1,400,000
Dahiak LLC
Mtr Hospitality INC
Special Warranty Deed
$1,050,000 · Bbcn Bank
Mar 1, 2019
$1,050,000
Mtr Hospitality INC
Co Motel 9 INC
Warranty Deed
$810,000 · Open Bank
Jan 13, 2017
$600,000
Co Motel 9 INC
Motel 9 LLC
Warranty Deed
$450,000 · Noa Bank
Aug 5, 2010
$521,625
Motel 9 LLC
Truong,ky
Warranty Deed
$465,525 · Nice Plaza INC
Dec 21, 2001
$515,000
Ky Truong
Liu,kai-wha & Chieh Y
Grant Deed
$374,500 · Premier Bank
—
—
Ky Troung
—
Deed Of Trust
related
$100,000 · Mjb Motels LLC
—
—
Motel 9 LLC
—
Deed Of Trust
related
$450,000 · Bbu 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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