1340 Big Thompson AveEstes Park, CO 80517

Property Details for 1340 Big Thompson Ave

Year built

1954

Construction

WOOD FRAME

Lot size

2.21 AC

Property size (Sq ft)

4,140 SF

Property type

Hospitality properties

Property subtype

Motels

APN

25194-05-017

APU

2519405017

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,038,298

  6.5%

  $958,429

  7%

  $889,969

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,444,058

  Geo Method

  $803,810

• Alternative Use

  Use

  Valuation

  Residential

  $1,046,326

  Hospitality

  $958,429

  Educational

  $797,401

  Medical

  $824,825

  Retail

  $1,240,402

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

Property Tax & Assessments

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