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    John Renfrow, Montrose, CO

    License ID: ER.040036477
    Years of Experience
    3
    Association
    Montrose Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (970) 275-4004
    Office Address:
    1832 S Townsend Ave, Montrose, CO, 81401-5470

    Performance

    Listings
    44
    Total transactions
    206
    Total transactions amount
    $110M
    Price range
    $224.9k - 2.4M
    Average price
    $534k

    Listings

    For Sale (33)

    View map
    • $1,700,000
      18,325 SF

      Historic Montrose Theater

      Iconic theater; prime location, huge potential.
      27 Cascade Ave, Montrose, CO 81401
      View Details
    • $1,938,000
      14,700 SF

      Downtown Montrose Retail Gem

      Prime Main St location, 14,700 sq ft.
      601 Main St, Montrose, CO 81401
      View Details
    • $1,390,000
      46.73 Acres

      Montrose Land: 46 Acres, Dual Zoning

      Prime Montrose land: development ready, stunning views.
      50/Iron Horse Dr, Montrose, CO 81401
      View Details
    • $950,000
      2.00 Acres

      Montrose Commercial Land Opportunity

      Prime 2-acre commercial lot, ideal for development.
      0 Montrose Dr, Montrose, CO 81401
      View Details
    • $1,750,000
      76,423 SF

      Olathe Industrial Facility

      76,423 SF Warehouse, 10 Acres
      2520 River Rd, Olathe, CO 81425
      View Details
    • $349,888

      Montrose Commercial Land - $349,888

      Two prime commercial lots, ready to build.
      0 Hawk Pkwy, Montrose, CO 81401
      View Details
    • $1,200,000
      12,118 SF

      Olathe Industrial Complex

      Multi-building warehouse, prime location
      320 Industrial Ave, Olathe, CO 81425
      View Details
    • $209,888
      1.93 Acres

      Delta Commercial Land - $209,888

      1.93 Acres, B-2 Zoning, High Visibility
      167 Gunnison River Dr, Delta, CO 81416
      View Details
    • $774,888
      1.22 Acres

      Montrose Commercial Land - $774,888

      Prime Montrose commercial lot, 1.22 acres.
      0 Woodgate Rd, Montrose, CO 81401
      View Details
    • $1,700,000
      9,333 SF

      Montrose Commercial Building For Sale

      9,333 sq ft commercial building in Montrose, Colorado.
      3684 N Townsend Ave, Montrose, CO 81401
      View Details
    • $2,340,000
      22,750 SF

      Montrose Retail Space For Sale

      Large retail space in Montrose's major trade corridor.
      2201 S Townsend Ave, Montrose, CO 81401
      View Details
    • $3,175,000
      58,900 SF

      High-Visibility Warehouse and Manufacturing Space

      Industrial warehouse with office space and flexible purchase options.
      18610 B50 Rd, Delta, CO 81416
      View Details
    • $999,990
      14,140 SF

      Historical Masonic Temple with Updates

      Classic Revival building with commercial kitchen and leased units.
      509 E Main St, Montrose, CO 81401
      View Details
    • $1,500,000
      10,125 SF

      Downtown Retail/Live-Work Opportunity

      Historic downtown retail space with development potential.
      337 E Main St, Montrose, CO 81401
      View Details
    • $1,750,000
      14,700 SF

      Downtown Commercial Property in Montrose

      High-visibility commercial property in historic downtown Montrose, an Opportunity Zone.
      601 E Main St, Montrose, CO 81401
      View Details
    • $1,200,000
      12,118 SF

      Warehouse Space on Large Lot

      12,118 SF warehouse on 5.6 acres for sale.
      320 Industrial Ave, Olathe, CO 81425
      View Details
    • $489,500
      2,000 SF

      Commercial Building Near Montrose Airport

      2021-built commercial building with shop space near Montrose Airport.
      317 N 7Th St, Montrose, CO 81401
      View Details
    • $2,725,000
      4,596 SF

      River Landing Commercial Retail/Office Building

      Commercial building in a high-traffic area, leased through 2027.
      3501 Wolverine Dr, Montrose, CO 81401
      View Details
    • $424,888

      Montrose Industrial Lot For Sale

      Ready to develop lot near Montrose Regional Airport.
      2070 Industrial Dr, Montrose, CO 81401
      View Details
    • $1,050,000
      2,700 SF

      Renovated Office Building For Sale

      Recently renovated office building with high visibility and traffic.
      237 S 4Th St, Montrose, CO 81401
      View Details
    • $950,000

      Commercial Lot Ready For Development

      2-acre commercial lot in a desirable location for development.
      1901 S Townsend Ave, Montrose, CO 81401
      View Details
    • $199,888

      Commercial Lots Ready For Development

      Two commercial lots in a desirable, high-traffic location.
      1431 Hawk Pkwy, Montrose, CO 81401
      View Details
    • $299,888

      Commercial Lots Ready For Development

      Two commercial lots in a desirable, high-traffic location.
      1445 Hawk Pkwy, Montrose, CO 81401
      View Details
    • $360,000
      1,775 SF

      Versatile Commercial Building with Garage

      Highway commercial property suitable for various businesses with detached garage.
      310 S 9Th St, Montrose, CO 81401
      View Details
    • $774,888

      Prime Commercial Land in Montrose

      1.22 acre commercial lot in established business park.
      Woodgate Rd, Montrose, CO 81401
      View Details
    • $4,200,000

      72 Acres River Development Land

      Prime investment opportunity near Colorado Outdoors in Montrose, Colorado.
      Spring Creek Rd, Montrose, CO 81403
      View Details
    • $149,888

      Commercial Lots Ready for Development

      Two commercial lots in a desirable, high-traffic location.
      1418 Ogden Rd, Montrose, CO 81401
      View Details
    • $350,000
      988 SF

      Corner Lot Commercial Building

      988 sq ft commercial building on corner lot for sale.
      845 S Townsend Ave, Montrose, CO 81401
      View Details
    • $209,888

      Commercial Land on Delta Bypass

      1.93-acre commercial land parcel with development potential on Delta bypass.
      167 Gunnison River Dr, Delta, CO 81416
      View Details
    • $1,600,000

      Prime Commercial Lot on Highway

      11.43 acre commercial lot with highway frontage and utilities.
      1201 N San Juan Ave, Montrose, CO 81401
      View Details
    • $194,888

      Commercial Lots in South Townsend

      Two commercial lots ready for development in a desirable location.
      8 Hawk Pkwy, Montrose, CO 81401
      View Details
    • $149,888

      Commercial Lots in South Townsend

      Two commercial lots ready for development in a desirable location.
      7 Hawk Pkwy, Montrose, CO 81401
      View Details
    • $1,450,000

      Montrose Theater with Opportunity Zone

      Long-standing theater in Montrose, Colorado with business potential.
      27 S Cascade Ave, Montrose, CO 81401
      View Details

    For Lease (11)

    View map
    • $9 SF/Yr
      6,000 SF

      Main Street Montrose Office Space

      Historic Downtown Montrose, Creative Office Space
      202 Main St, Montrose, CO 81401
      View Details
    • $19 SF/Yr
      997 SF

      South Townsend Office Condo

      997 sq ft Creative Office Space
      1414 Hawk Pkwy, Montrose, CO 81401
      View Details
    • $1.70 SF/Yr
      165,680 SF

      Delta County Industrial Portfolio

      Multiple Warehouses, Office Space Available
      430 8Th St, Delta, CO 81416
      View Details
    • $1,900 /Mo
      2,250 SF

      Warehouse Space with High Ceilings

      Warehouse space featuring 16' ceilings and concrete floors.
      805 Columbia St, Delta, CO 81416
      View Details
    • $2,000 /Mo
      800 SF

      Premier Commercial Leasing Opportunity

      Desirable commercial address in Montrose with versatile space options.
      1404 Hawk Pkwy, Montrose, CO 81401
      View Details
    • $2,343 /Mo
      5,050 SF

      Commercial Condominium Ready For Business

      3550 SF commercial condominium available for immediate occupancy.
      12059 6300 Rd, Montrose, CO 81401
      View Details
    • $12,500 /Mo
      76,423 SF

      Spacious Industrial Warehouse Facility For Lease

      76,423 sq. ft. warehouse with office space for lease.
      2520 N River Rd, Olathe, CO 81425
      View Details
    • $375 /Mo
      87 SF

      Furnished Office Space Available

      Move-in ready office space with high visibility and included utilities.
      1832 S Townsend Ave, Montrose, CO 81401
      View Details
    • $1,400 /Mo
      3,000 SF

      Commercial Condo with Highway Access

      3,000 sq ft commercial condo for lease with highway access.
      425 Kristen Ct, Montrose, CO 81401
      View Details
    • $1,550 /Mo
      913 SF

      Montrose Office Space For Rent

      Office space near Main Street with flexible layout options.
      105 S Mesa Ave, Montrose, CO 81401
      View Details
    • $2,791 /Mo
      3,000 SF

      Retail/Office Space on Main Street

      Open retail or office space with high visibility.
      204-210 E Main St, Montrose, CO 81401
      View Details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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