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Property profile & analytics
OFF-MARKET
Estimated value
$3,695,000
Hotels
920 Cowen Dr, Carbondale, CO 81623-1583
Entity Owned
Free & Clear
Property ID
US13-2051760
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1993
Construction
METAL FRAME
Total area
37,666 SF
Lot
2.03 ac (88,252 SF)
APN
239328415011
UPID
US13-2051760
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.64M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.70M
Owner & transaction history
Stephen Wolff Properties LLC
Stephen Wolff Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+43.4%
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 Carbondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carbondale 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,935,000
6.5%
$3,635,000
7%
$3,375,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,380,000
Current use
OFFICE BUILDING
$4,845,000
Change: +43% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,710,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.06M · ±10%
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
$98 / 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
$117,382
Tax year 2023
Assessed value
$1,490,790
Assessed 2023
Previous assessed
$788,870
+89.0% YoY
Effective rate
7.87%
On assessed value
Assessed land
$861,780
Assessed improvement
$629,010
Land market value
$3,088,820
Improvement market value
$2,254,530
Total market value
$5,343,350
Applied tax rate
59.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1993
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
84
Bathrooms
81
Total area
37,666 SF
Lot
2.03 ac (88,252 SF)
APN
239328415011
UPID
US13-2051760
Jurisdiction
GARFIELD
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
HOTEL/MOTEL Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
HOTEL/MOTEL Current
OFFICE 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
1993
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
84
Bathrooms
81
Lot
2.03 ac
Current owner
From public records · entity-resolved
Stephen Wolff Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11456 OLIVE BLVD STE #210, SAINT LOUIS, MO 63141-7101
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
$1,800,000
Stephen Wolff Properties LLC
Pepper Tic Owner LLC
Warranty Deed
—
Nov 12, 2025
$7,200,000
Stephen Wolff Properties LLC
Levis Tic Owner LLC
Warranty Deed
—
Nov 12, 2025
$1,200,000
Stephen Wolff Properties LLC
Hilton Tic Owner LLC
Warranty Deed
—
Nov 12, 2025
$4,200,000
Stephen Wolff Properties LLC
Levis Tic Owner LLC
Warranty Deed
—
Sep 18, 2025
—
Wolfe Tic Owner LLC
Carbondale Hotel Investors LLC
Warranty Deed
—
Mar 29, 2022
—
Carbondale Hotel Investors LLC
—
Deed
related
$1,000,000 · First Bankers Trust Co NA
Jun 6, 2017
—
Carbondale Hotel Investors LLC
—
Deed
related
$2,875,000 · First Bankers Tr
Aug 22, 2012
—
Carbondale Hotel Investors LLC
Cgcmt 2008-c7 Cowen Drive LLC
Quit Claim Deed
related
—
Aug 25, 2011
—
Gibralter Carbondale S LLC
Public Trustee Of Garfield County
Trustees Deed
related
—
Aug 10, 2011
$5,269,014
Cgcmt 2008-c7 Cowen Drive LLC
Public Trustee Of Garfield County
Certificate Of Purchase
$5,000,000
—
—
Carbondale Hotel Investors LLC
—
Deed Of Trust
related
$2,875,000 · First Bankers Tr
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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