This exceptional 49-key hotel, the Coyote Mountain Lodge, presents a compelling investment opportunity in Estes Park, Colorado. Boasting 4,140 square feet across two stories, this property sits on a 2.21-acre lot at 1340 Big Thompson Ave, 80517, less than a mile from Lake Estes and just six miles from the renowned Rocky Mountain National Park – a destination attracting 4.5 million visitors annually. Built in 1954 and extensively renovated in 2023, the lodge features 47 individual rooms plus a separate two-bedroom, two-story condo. The property's strong performance is reflected in its current NOI of $466,513 and a 7.10% cap rate, with pro-forma figures projecting a NOI of $702,730 and a 10.65% cap rate. Recent renovations include updated guest rooms, a new roof, and the installation of solar panels, contributing to both operational efficiency and sustainability. The asking price is $6,600,000, translating to $1,594.20 per square foot. The current occupancy rate stands at 56.5%. This fee-simple ownership opportunity allows investors to capitalize on the thriving Estes Park tourism market, significantly boosted by the substantial economic impact of Rocky Mountain National Park tourism, which generated $864 million for Colorado in 2022. The property's APN is 25194-05-017. This offering presents a unique chance to acquire a well-positioned, high-growth potential hotel in a desirable location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$764,400
6.5%
$705,600
7%
$655,200
Comparable approach
Method
Valuation
Relative Method
$884,021
Geo Method
$290,740
Alternative Use
Use
Valuation
Industrial / Distribution
$1,885,370
Retail / Commercial
$966,300
Mixed-Use / Specialty
$962,454
Office
$956,319
Institutional / Educational
$1,000,420
Residential Income
$1,170,490
Multifamily
$1,406,050
Automotive / Energy
$857,504
Parking / Income-Based Land
$296,310
Restaurant / Food Service
$499,725
Healthcare / Senior Housing
$987,390
Location Insight
City
Estes Park
County
Larimer
State
Colorado
Latitude
40.3826
Longitude
-105.499
CBSA code
22660
CBSA name
FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA
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Big Thompson Ave Estes Park, CO 80517
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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