www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31660611
31660222

1471 Spanish Creek Trail, Crestone, CO 81131

DG
FL 3342709
LOKATION
Listed by LOKATION
$1,695,000
66 days on market
Updated 65 days ago

CrestDomes

Details
APN 460508300001
Property Type Hospitality
Sub Type Boutique hotel
Square Footage 2,485
Keys 3
Cap Rate 6.70%
NOI $110,853
Occupancy 59%
Tenancy Single
Pro-Forma Cap Rate 7.90%
Pro-Forma NOI $130,000
Year Built 2024
Stories 1
Acreage 1.975
Zoning Residential Rule (RR)
Investment Type Stabilized

Stabilized STR asset generating $110K+ NOI with 130+ forward bookings in place.

Marketing description

Crest Domes is a stabilized, income-producing boutique hospitality asset generating over $110,000 in trailing twelve-month NOI with 130+ forward bookings already in place.

The property offers a 6.7% in-place cap rate with a clear path to approximately 7.9% through operational optimization, positioning the asset as both a strong yield play and a growth opportunity.

Originally launched in May 2024, the property has demonstrated a rapid and successful ramp to stabilized performance. In 2025, the asset generated over $166,000 in revenue across 649 booked nights, supported by premium nightly rates and consistent occupancy across Airbnb and Vrbo platforms.

The asset features three architecturally distinctive dome units connected by a central lobby, creating a highly differentiated guest experience that drives demand, pricing power, and strong guest satisfaction.

With over 270 five-star reviews and an established operating history, Crest Domes offers immediate cash flow with reduced operational risk compared to newly developed STR assets.

Investment highlights

  • $110K+ stabilized NOI with forward bookings
  • 131 nights already booked for 2026
  • Proven ramp: $91K → $112K NOI
  • Premium ADR driven by experiential design
  • Upside to ~$130K NOI (~8% yield)
  • Limited competition in experiential lodging
  • 270+ 5-star reviews from Airbnb with consistent guest satisfaction
  • Premium ADR vs traditional STR comps
  • High visual/Instagram-driven demand
  • Turnkey + immediate cash flow

Investment Opportunity

Crest Domes represents a rare opportunity to acquire a cash-flowing experiential hospitality asset with both in-place yield and embedded growth potential in a supply-constrained market.

Zoning is Rural Residential (RR); buyer to verify continued short-term rental use and local regulations.

Listing Contacts

DG
FL 3342709
LOKATION
Listed by LOKATION

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,853.00
$9,237.75/mo

Valuation Metrics

0
DSCR
6.54%
Cap Rate
6.54%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591