The intense use of the 2.4 GHz ISM band by several wireless technologies has resulted in increased co-channel interference between networks operating in this frequency band. The aim of this paper is to investigate modeling techniques of co-channel interference affecting bluetooth low energy devices. The models are derived from recorded interference. Two types of models are introduced: a time domain model utilizing IQ data as reference and a spectrum-based model in which the reference signal is captured in frequency domain by a real-time spectrum analyzer. The recorded interference is also used as a reference to analyze the accuracy of proposed models. The proposed IQ-based model shows a degradation in performance for the environments with dominant bluetooth interfering signals. The frequency-based model not only addresses this problem, but also results in a huge data decimation in recording the interference.