Sign Up Successful!
You now have access to more from Realmo!
    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

    E Empire St Cortez, CO 81321

    Sponsored
    For Sale
    $275,000

    Residential - Cortez, CO

    Type:Single Family Residence
    Lot size:
    32.40 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 22 at 2:06 pm

    Property Features for E Empire St

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    32.40 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bill Stanley
    Bill Stanley

    United Country Blue Sky Homes and Land (970) 516-1759 [email protected]

    Listing agent Bill Stanley (970) 516-1759

    Listing date Jan 20, 2026

    MLS# 831077 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

    32.4 Acres in Cortez, CO

    This 32.4-acre property is located in Cortez, Colorado, and borders the Carpenter natural area. It is currently zoned for multi-family use, with the possibility of a Planned Unit Development (PUD). A sewer line has been installed on site, with multiple manholes in place. Other utilities are also available and easily accessible. The property offers high visibility and a central location, close to schools, the library, parks, a recreation center, and walking trails. Mountain views are available from the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.5408239
    Latitude
    37.3601175

    Nearby Similar for Sale

    • $490,000
      6.33 Acres

      Versatile Property with Tiny Home

      6.33-acre property with tiny home, RV spots, and commercial potential.
      6493 Road 23.6, Cortez, CO 81321
      View Details
    • $289,000
      2,141 SF

      Downtown Cortez Multi-Use Investment Property

      Commercial property with redevelopment potential and tax incentives in downtown Cortez.
      1 W 1St St, Cortez, CO 81321
      View Details
    • $485,000
      9,715 SF

      Highway Commercial Property with Warehouse

      Commercial property with service garage, warehouse, and highway frontage.
      27 S Broadway, 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
    • $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
    • $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
    • $190,000
      1,216 SF

      Well-Maintained City Home with Views

      Three-bedroom, two-bath home with open views and ample storage.
      1620 Taylor 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
    • $375,000
      3,380 SF

      Cortez Mixed-Use Commercial Property

      High-Visibility Cortez Commercial Land
      11576 Road 24, Cortez, CO 81321
      View Details
    • $75,000
      1,218 SF

      Historic Cortez Salon & Spa Business

      Turnkey Aveda Salon, established clientele.
      45 Montezuma Viva Salon & Spa Ave, Cortez, CO 81321
      View Details
    • $189,900
      1,764 SF

      Historic Cortez Industrial Building

      Prime Cortez location, 1764 sq ft, loading dock.
      24 Washington St, Cortez, CO 81321
      View Details
    • $149,000
      825 SF

      Downtown Cortez Office Building

      Prime Office Space, Updated, Ready to Occupy
      136 1St St, Cortez, CO 81321
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 32.4 acres of land with utilities in Cortez, Colorado.
    Where is this residential land & home lot located?
    The property is located at E Empire St Cortez, CO.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - 32.4 acres bordering Carpenter natural area.; - Zoned multi-family with potential for Planned Unit Development (PUD).; - Sewer line installed on site with multiple manholes.
    (970) 749-7671
    Request Owner's contact information
    E Empire 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.
    E Empire 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
    E Empire 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
    Bill Stanley
    Bill Stanley
    (970) 749-7671
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.