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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Motels
903 1st St Salida, CO 81201-1664
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1318833
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1943
Construction
FRAME
Total area
6,880 SF
Lot
0.26 ac (11,326 SF)
APN
R368132342006
UPID
US13-1318833
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
-
Woodland Motel Hotel & Motel
-
Ojo Santa Fe Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Bakers Woodland LLC · 5 yrs held
Bakers Woodland LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
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 Salida submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salida 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
$1,440,000
ML approach
$1,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,455,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,455,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,305,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,230,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,025,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$980,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.45M (Feb 1 2021)
Last sale anchor
$1.45M
Feb 1 2021
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
$210 / 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
$11,762
Tax year 2023
Assessed value
$269,920
Assessed 2023
Previous assessed
$225,970
+19.4% YoY
Effective rate
4.36%
On assessed value
Assessed land
$71,700
Assessed improvement
$198,220
Land market value
$298,011
Improvement market value
$874,014
Total market value
$1,172,025
Applied tax rate
7.0000
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
1943
Construction
FRAME
Heating
FORCED AIR
Buildings
2
Stories
2
Units
18
Rooms
3
Bathrooms
2
Total area
6,880 SF
Lot
0.26 ac (11,326 SF)
APN
R368132342006
UPID
US13-1318833
Jurisdiction
CHAFFEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$980,000
RETAIL STORES
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1943
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
2
Units
18
Rooms
3
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Bakers Woodland LLC
Entity
Mailing address
1501 H ST, SALIDA, CO 81201-2338
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 28, 2022
—
Bakers Woodland LLC
—
Deed
related
$1,377,478 · High Country Bank
Feb 1, 2021
$1,450,000
Bakers Woodland LLC
Sy Motel Property LLC
Special Warranty Deed
$1,160,000 · High Country Bank
Jul 22, 2019
—
Sy Motel Property LLC
—
Deed
related
$1,000,000 · Pacific City Bank
Jun 18, 2019
—
Sy Motel Property LLC
—
Deed
related
$100,000 · Pacific City Bank
Apr 26, 2019
$1,380,000
Sy Motel Property LLC
Lee & Oak INC
Special Warranty Deed
$1,000,000 · Pacific City Bank
May 25, 2016
—
Lee & Oak INC
—
Deed
related
$700,000 · Bank Of Colorado
Apr 29, 2016
$1,020,000
Lee & Oak
Steve P Borbas
Special Warranty Deed
—
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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