You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $6,920,000
Hotels

97 Elk Walk Rd Montrose, CO 81403-7308

23,945 SF 274.45 ac lot Built 2004
Entity Owned 5-yr Hold Free & Clear
Property ID
US13-1694846
Property summary
AI-generated overview

Nestled in the heart of Colorado's Uncompahgre National Forest, this exceptional 226-acre property presents a unique investment opportunity. The Elk Mountain Resort encompasses a substantial 19,384 square foot lodge, seventeen 3-bedroom, 3-bathroom cottages (each 2,035 square feet), and twenty-one luxury suites (416 square feet each). This all-inclusive, four-season retreat boasts an impressive array of amenities designed for recreation and relaxation. These include a massage and therapy salon, sauna, pickleball court, tennis facility, three skeet ranges, a 15,560 square foot tactical shooting facility, snowmobile and ATV park, fishing lake, and an equestrian center. A charming mountain chapel adds a unique touch. The property also features extensive administrative and maintenance infrastructure, comprising a machine shop, wood shop, office and administration space, a large wine cellar, equipment storage, and water and sewer treatment centers. Offered at $19,950,000, this turnkey resort presents a rare chance to acquire a fully operational, high-amenity property in a stunning natural setting. The property's location in Montrose County, Colorado, zip code 81403, at 97 Elk Walk, provides easy access to outdoor activities and stunning natural beauty. This is a truly exceptional opportunity for a discerning investor seeking a high-end, established resort property.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2004
Total area 23,945 SF
Lot 274.45 ac (11,955,042 SF)
APN 425916200031
UPID US13-1694846
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
$7.59M
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.90M
Blend (final) Blend
$6.92M
Owner & transaction history
Elk Mountain Resort Partners LLC · 5 yrs held
Elk Mountain Resort Partners LLC
since 2020
Last sale
$6.9M
3 recorded transactions
2020
Price N/A
2020
$6.9M
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $5.4M +1.6%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 97 Elk Walk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message