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    S Chestnut St Cortez, CO 81321

    For Sale
    $75,000

    Multi-Family - Cortez, CO

    Type:Multi Family
    Lot size:
    1.78 Acres
    Days on Market:
    163
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for S Chestnut St

    General Information

    Property type
    Land
    Property subtype
    Multi Family
    Standard status
    Active
    Lot size
    1.78 Acres

    Building Details

    Architectural style
    Other

    Paul Adams (970) 529-7001 [email protected]

    Listing agent Vernon Hoffman (970) 529-7001

    Listing date Jun 26, 2025

    MLS# 825860 Listing URL

    Copyright © 2025 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.

    Overview

    1.78 Acre Multi-Family Parcel

    This 1.78-acre parcel is located on South Chestnut in Cortez, Colorado. The rectangular lot may be suitable for multi-family development and multiple units. The property is located in Montezuma County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.5854285
    Latitude
    37.3334822

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    FAQs

    What type of property is this?
    Commercial land - 1.78 acre parcel suitable for multi-family development in Cortez, CO.
    Where is this commercial land located?
    The property is located at S Chestnut St Cortez, CO.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - 1.78 acre parcel; - Potential for multi-family development makes this lot an excellent investment; - Rectangular lot shape
    (970) 529-7001
    Request Owner's contact information
    S Chestnut St Cortez, CO 81321
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    Cortez, CO 81321
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    Realmo Value Estimation

    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.

    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.

    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
    S Chestnut St Cortez, CO 81321
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