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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Motels
8828 Colfax Ave Denver, CO 80220-2236
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0113662
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Construction
WOOD
Total area
4,188 SF
Lot
0.14 ac (6,250 SF)
Zoning code
E-MS-5
APN
06041-01-003-000
UPID
US13-0113662
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
-
La Rue Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$605k
Owner & transaction history
La Rue LLC · 2 yrs held
La Rue LLC
since 2023
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
E-MS-5 · 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
$565,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $675k (Sep 14 2023)
Last sale anchor
$675k
Sep 14 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
$144 / 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
$3,332
Tax year 2023
Assessed value
$43,000
Assessed 2023
Previous assessed
$42,020
+2.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$11,250
Assessed improvement
$31,750
Land market value
$187,500
Improvement market value
$398,200
Total market value
$585,700
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
1953
Construction
WOOD
Heating
HOT WATER
Stories
1
Units
13
Bathrooms
0
Total area
4,188 SF
Lot
0.14 ac (6,250 SF)
Zoning code
E-MS-5
APN
06041-01-003-000
UPID
US13-0113662
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.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
HOT WATER
Stories
1
Units
13
Bathrooms
0
Lot
0.14 ac
Current owner
From public records · entity-resolved
La Rue LLC
Entity
Mailing address
6785 NAVAJO ST, DENVER, CO 80221-2765
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2023
—
La Rue LLC
—
Deed
related
$25,000 · North Valley Bank
Sep 14, 2023
$675,000
La Rue LLC
Kirk D Wilson
Warranty Deed
$400,000 · North Valley Bank
Jun 24, 2010
$310,000
Kirk D Wilson
Giese Properties LLC
Warranty Deed
$175,000 · Giese Properties LLC
Jan 13, 2010
—
Giese Properties LLC
Chief Deputy Public Te Of Denver
Trustees Deed
related
—
Dec 16, 2009
$350,000
Richard B Zevalking IV
Deputy Public Te Of Denver Cnty
Certificate Of Purchase
$375,000
Aug 22, 2007
$400,000
Richard B Zevalking IV
Giese Properties LLC
Warranty Deed
$375,000 · Giese Properties LLC
Jul 25, 2005
—
Giese Properties LLC
Giese Hospitality LLC
Quit Claim Deed
—
Apr 30, 2005
—
Giese Properties LLC
Giese Franklin E & B V Trust
Quit Claim Deed
—
Feb 18, 1998
—
Franklin E
Giese,frank V
Quit Claim Deed
related
—
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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