Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Salon and Spa Opportunity Title is generated by Realmo AI

    45 E Montezuma Viva Salon & Spa Avenue, Cortez, CO 81321

    View on Map
    Claim this Listing
    For Sale
    $75,000

    Chic Aveda salon and spa in historic Cortez location.

    Type:Business Opportunities
    Property size:
    1,218 SF
    Price / SF:
    $61/SF
    Added:
    Jun 20, 2022
    Days on Market:
    1444
    Last Refresh:
    May 12 at 8:53 pm

    Property Features for 45 E Montezuma Viva Salon & Spa Avenue

    General Information

    Standard status
    Active
    Size
    1,218 SF
    Property subtype
    Business Opportunities

    Building Details

    Year Built
    1928

    We can help!

    Listing Contact
    Brittany McCoy

    Listing agent Brittany McCoy

    Listing office Legacy Properties West Sotheby's Int. Realty

    Listing date Jun 20, 2022

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Legacy Properties West Sotheby's Int. Realty

    HighLights

    • Established Aveda Salon: Turnkey business opportunity with a decades‑long history and devoted clientele.
    • Prime Location: Situated in the heart of Cortez on historic Montezuma Avenue.
    • Abundant Natural Light: Large windows throughout create an uplifting, spa‑like atmosphere.
    • Spacious Interior: 1,218 square feet of usable space with built‑in shelving and a large kitchen.
    • Unique Historic Building: Charming bungalow‑style building constructed in the early 1900s with a cozy front porch.
    • Private Room & Full Bathroom: Includes a private room for spa/massage services and a full bathroom with a walk‑in tiled shower.

    Overview

    Located in the heart of Cortez on historic Montezuma Avenue, this Aveda salon and spa occupies a bungalow-style building constructed in the early 1900s. The property features a solid masonry concrete exterior and landscaped grounds, including a front porch. The interior provides 1,218 square feet of usable space, enhanced by natural light from large windows. Built-in shelving, a large kitchen with cabinet storage, a private room suitable for spa or massage services, and a full bathroom with a walk-in tiled shower are included. The property offers potential for a live/work arrangement, subject to landlord approval. This salon and spa has been in business for decades, presenting an opportunity to expand its clientele list.
    Location Intelligence

    Current Use by Public Records

    Spa & wellness properties

    Map

    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.734
    Latitude
    37.3484

    Nearby Similar for Sale

    • $449,000
      9,715 SF

      Cortez Commercial Property For Sale

      Commercial property in Cortez, CO, with 9,715 square feet.
      27 S Broadway, Cortez, CO 81321
      View Details
    • $315,000
      7,500 SF

      Cortez Commercial Property For Sale

      7,500 sqft commercial property on 0.78 acres in Cortez.
      459 W North Street, Cortez, CO 81321
      View Details
    • $340,000
      3,762 SF

      Commercial Property in Cortez, CO

      Commercial property for sale in Cortez, Colorado with 3,762 SF.
      405 E Main Street, Cortez, CO 81321
      View Details
    • $305,000
      1,989 SF

      Cortez Retail Space For Sale

      Retail space available in Cortez, Colorado.
      137 and 141 N Madison, Cortez, CO 81321
      View Details
    • $600,000

      Commercial Property in Cortez, CO

      Commercial property for sale in Cortez, Colorado.
      520 E 2nd Street, 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, 81321-3565
      View Details
    • $1,210,000
      1,320 SF

      Jiffy Lube in Cortez, Colorado

      Single-tenant Jiffy Lube in Cortez's primary commercial corridor.
      720 S Broadway, Cortez, CO 81321
      View Details
    • $24,000

      Land For Sale, Cortez, CO

      Vacant land available in Cortez, Colorado.
      547 E 7TH Street, Cortez, CO 81321
      View Details
    • $2,173,913
      1,622 SF

      Taco Bell For Sale

      Taco Bell for sale with long-term lease in place.
      1300 E Main St, Cortez, CO 81321
      View Details
    • $55,000

      Land For Sale, Cortez, CO

      Land available for sale in Cortez, Colorado.
      1125 Bluffs Boulevard, Cortez, CO 81321
      View Details
    • $24,000

      Land For Sale, Cortez, CO

      Vacant land available in Cortez, Colorado.
      555 E 7th Street, Cortez, CO 81321
      View Details
    • $849,500
      5,000 SF

      Commercial Building and Warehouse

      Commercial building and warehouse with showroom, office, and additional building.
      2415 E EMPIRE ST, Cortez, CO 81321
      View Details

    FAQs

    What type of property is this?
    Spa & wellness property - Chic Aveda salon and spa in historic Cortez location.
    Where is this spa & wellness property located?
    The property is located at 45 E Montezuma Viva Salon & Spa Avenue 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: Established Aveda Salon: Turnkey business opportunity with a decades‑long history and devoted clientele.; Prime Location: Situated in the heart of Cortez on historic Montezuma Avenue.; Abundant Natural Light: Large windows throughout create an uplifting, spa‑like atmosphere.
    We can help!
    Listing Contact
    Brittany McCoy
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    45 E Montezuma Viva Salon & Spa Avenue, Cortez, CO 81321
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!