9650 Geddes Ave Englewood, CO 80112-3685
- Hotels
- 19,078 SF
- 3.67 lot acres
Current Use by Public Records
- Project Vision / Handyman/Handywoman/Handyperson
Property Details for 9650 Geddes Ave
- Year built
- 1997
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.67 lot acres
- Property size
- 19,078 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 2075-27-3-15-001
- APU
- 207527315001
Description
This exceptional 56,184 square foot hospitality property, located at 9650 E Geddes Ave in Englewood, Colorado, presents a compelling investment opportunity. The property comprises three two-story buildings on a 2.57-acre lot, featuring 142 turnkey units, a mix of standard, king, and deluxe configurations suitable for conversion to studio and one-bedroom apartments. Built in 1997 with renovations in 2015 and 2023, the property boasts consistently high occupancy (approximately 90% over the past 12 months) and an average monthly income per room just below $1800. Each unit includes a kitchenette, living area, and individual utility metering. Community amenities include on-site laundry facilities, ample surface parking (133 spaces), a fitness center, an outdoor patio with BBQ grills, and on-site management. The property's location in the Denver Tech Center, a premier employment hub, offers significant potential for rental growth, making it attractive to a wide range of investors. The permitted zoning is GMC. The property's strong performance and flexible configuration make it an ideal investment for both local and national investor groups. The existing units are currently configured as extended stay units, with 10 units currently used for storage. All units feature in-unit air conditioning and heating, free Wi-Fi, and provided dining and cooking utensils.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $12,405,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,675,000
- 6.5%
- $11,015,000
- 7%
- $10,485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $12,955,000
- Geo Method
- $12,565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,690,000
- Retail
- $10,805,000
- Mixed-Use
- $11,920,000
- Hospitality
- $12,370,000
- Educational
- $11,160,000
- Residential Income
- $10,050,000
- Energy
- $12,730,000
- Income-Based Land
- $12,560,000
- Food Service
- $10,200,000
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.877
- Latitude
- 39.5837
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
