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

    M Tbd Rd Cortez, CO 81321

    View on Map
    Sponsored
    For Sale
    $145,000

    Agricultural - Cortez, CO

    Lot size:
    31.62 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 1:06 pm

    Property Features for M Tbd Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    31.62 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tel Hamilton
    Tel Hamilton

    Blackmore Group (970) 903-7477

    Listing agent Tel Hamilton (970) 444-2431

    Listing date Mar 6, 2026

    MLS# 832256 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

    Overview

    Versatile Land with Mountain Views

    This 21.35-acre parcel in Cortez, Colorado, offers a blend of rural peace and versatile potential. Zoned for agriculture, the level land is suitable for a dream home, agricultural or livestock operations, or recreation such as hunting and grazing. The property supports cattle, horses, poultry, hogs, sheep, and swine. Enjoy stunning views of the La Plata and San Juan Mountains. Electricity is nearby via Empire Electric. A water tap is available but not installed or paid for, and a septic system is needed. There is no well or irrigation. There are no HOA or covenants, and modular or mobile homes are allowed. Cortez offers an outdoorsy lifestyle in the Four Corners region, with 76% public land for hiking, biking, horseback riding, and OHV trails. Explore Mesa Verde National Park's cliff dwellings (15 miles), Hovenweep ruins (45 miles), Canyons of the Ancients (12 miles), and Ute Mountain Tribal Park. Water recreation is available at McPhee Reservoir and Mancos State Park. Bike Phil’s World's 45km trails. Downtown Cortez boasts shops, eateries, breweries, and galleries, as well as a cultural center for Native dances and exhibits. Hunting and fishing are available in San Juan National Forest. Open enrollment schools include Cortez Elementary, Middle, and Montezuma-Cortez High. Horses are on site, so close gates.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.734
    Latitude
    37.3484

    Nearby Similar for Sale

    • $395,000
      3,762 SF

      Successful Carwash Business Opportunity

      Operating carwash with loyal clientele in downtown Cortez, Colorado.
      405 E Main St, 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
    • $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
    • New
      $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
    • Contact for pricing
      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
    • $2,500,000
      1,622 SF

      Taco Bell Sale-Leaseback, Cortez, CO

      High-Yield Taco Bell; 15-Year Lease
      1300 Main St, Cortez, CO 81321
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 21.35-acre parcel suitable for agriculture, recreation, or residential use.
    Where is this agricultural land / farmland located?
    The property is located at M Tbd Rd Cortez, CO.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - 21.35 acres of level, agriculturally zoned land with no HOA/covenants, allowing for versatile use.; - Enjoy **stunning views** of the La Plata and San Juan Mountains.; - Electricity nearby via Empire Electric and water tap availability.
    (970) 749-1973
    Request Owner's contact information
    M Tbd Rd 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.
    M Tbd Rd
    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
    M Tbd Rd 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
    Tel Hamilton
    Tel Hamilton
    (970) 749-1973 (970) 444-2431
    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!