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    136 1St St Cortez, CO 81321

    For Sale
    $149,000

    Prime Office Space, Updated, Ready to Occupy

    Property size:
    825 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 825-square-foot office building, located at 136 W 1st Street in the heart of Cortez, Colorado, presents a fantastic opportunity for business owners seeking a move-in ready space. Situated on a 0.03-acre lot, the property boasts two separate offices and a spacious entrance lobby, providing ample room for various business needs. Recent upgrades enhance the building's appeal and functionality. The stucco exterior was updated this year, and all windows were replaced just last year, ensuring energy efficiency and a modern aesthetic. Cooling is provided by a roof-mounted swamp cooler. A half-bathroom is conveniently located within the building. The property is currently priced at $149,000. For buyers making a full-price offer, a $5,000 flooring allowance is included, allowing for customization to perfectly suit your business's style and needs. This is an ideal opportunity to escape the costs and limitations of renting and establish a permanent presence in the vibrant Cortez business community. The property is ready for immediate occupancy, allowing you to focus on your business growth without delay. Don't miss this chance to own your own office space in a thriving downtown location.

    Property Features for 136 1St St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    825 SF
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1983
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.5873
    Latitude
    37.34771

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, Updated, Ready to Occupy
    Where is this office property / space located?
    The property is located at 136 1St St Cortez, CO.
    What is the asking price?
    The asking price for this property is $149,000.
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    136 1St 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
    136 1St St Cortez, CO 81321
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