Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    405 E Main St Cortez, CO 81321

    View on Map
    Sponsored
    For Sale
    $395,000

    Other - Cortez, CO

    Property size:
    3,762 SF
    Lot size:
    0.31 Acres
    Days on Market:
    22
    Last Refresh:
    Mar 10 at 1:06 am

    Property Features for 405 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,762 SF
    Lot size
    0.31 Acres

    Building Details

    Year built
    1997
    Architectural style
    Other

    We can help!

    Listing Contact
    Terry McCabe
    Terry McCabe

    RE/MAX Mesa Verde Realty (970) 565-2000

    Listing agent Terry McCabe (970) 565-2000

    Listing date Feb 16, 2026

    MLS# 831141 Listing URL

    Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Successful Carwash Business Opportunity

    A successful carwash business is available, including all fixtures and equipment. This is an opportunity to own a sustainable business in downtown Cortez, Colorado. The property has been in operation for several years and includes a loyal following of customers who prefer self-service car washing or using the drive-through. The drive-through option includes having an employee 'prep' the vehicle prior to the wash, which has been a great spot to get the personal touch that's missing in competing businesses. The property includes all equipment, vending machines, and vacuums needed to operate a self-sustaining business with minimal time investment. The property is situated on a 0.31-acre lot and includes a 3,762 square foot building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aqua Carwash Car Wash

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.5794784
    Latitude
    37.3484422

    Nearby Similar for Sale

    • $345,000
      5,035 SF

      Versatile Commercial Building on Main Street

      Large, adaptable commercial building with showroom, kitchen, offices, and storage.
      310 E Main St, Cortez, CO 81321
      View Details
    • $350,000
      6,320 SF

      Highway Commercial Building Opportunity

      Large commercial building suitable for storage and auto body shop.
      22824 Road, Cortez, CO 81321
      View Details
    • $315,000
      1,989 SF

      Cortez Duplex with Rental History

      In-town duplex with excellent rental history and convenient location.
      137 And 141 N Madison, Cortez, CO 81321
      View Details
    • $289,000
      2,141 SF

      Downtown Cortez Multi-Use Investment

      Prime commercial property with income and redevelopment potential.
      1 W 1St St, Cortez, CO 81321
      View Details
    • $600,000
      1.62 Acres

      Cortez Mobile Home Park Opportunity

      Mobile home park with 17 spaces in Cortez, Colorado.
      520 E 2Nd St, Cortez, CO 81321
      View Details
    • $2,380,952
      1,622 SF

      Taco Bell NNN Property

      NNN Taco Bell property for sale in Cortez, Colorado.
      1300 E Main St, Cortez, CO 81321
      View Details
    • $390,000

      Freestanding Office Building Investment

      Well-maintained, fully leased office building in Cortez, Colorado.
      30 W 1St St, Cortez, CO 81321
      View Details
    • $550,000
      6,500 SF

      Cortez Main Street Commercial Building

      High-return investment opportunity in Cortez.
      310 Main St, Cortez, CO 81321
      View Details
    • $585,000
      5,738 SF

      Cortez Office Building - High Return

      Profitable, fully leased office complex
      215 Linden St, Cortez, CO 81321
      View Details
    • $2,500,000
      1,622 SF

      Taco Bell Sale-Leaseback, Cortez, CO

      High-Yield Taco Bell; 15-Year Lease
      1300 Main St, Cortez, CO 81321
      View Details
    • $375,000
      3,380 SF

      Cortez Mixed-Use Commercial Property

      High-Visibility Cortez Commercial Land
      11576 Road 24, Cortez, CO 81321
      View Details

    FAQs

    What type of property is this?
    Self service car wash - Operating carwash with loyal clientele in downtown Cortez, Colorado.
    Where is this self service car wash located?
    The property is located at 405 E Main St Cortez, CO.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Successful and sustainable carwash business opportunity.; - Includes all fixtures and equipment for immediate operation.; - Located in downtown Cortez, Colorado.
    (970) 565-2000
    Request Owner's contact information
    405 E Main St Cortez, CO 81321
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    405 E Main St
    Cortez, CO 81321
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    405 E Main St Cortez, CO 81321
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Terry McCabe
    Terry McCabe
    Real Estate License ID: FA.040000609
    (970) 565-2000 (970) 799-4459 (970) 565-3701
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!