Freestanding Office Building
For Sale
$375,000
Pending
30 W 1st St, Cortez, CO 81321
Well-maintained, fully leased office building in Cortez, Colorado.
Lot Size0.16 Acres
Days on Market477
Property Features for 30 W 1st St
General Information
Standard status
Pending
Lot size
0.16 Acres
Listing Agency:
Century 21 West Slope Realty
(970) 570-9051
Listed By:
Jason Witt
(970) 570-9051
Source:
Exprealty
Added: Apr 11, 2025
Changed: Jul 6
Last Checked: Jul 17 at 7:39PM
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 Century 21 West Slope Realty
Investment Insights
Based on property information with market context.
This commercial investment opportunity is located in Cortez, Colorado. The freestanding office building is fully leased to long-term professional tenants, each with a tenancy history dating back to the early 1990s. All tenants are on Modified Gross Leases. The building includes three individual suites, each featuring two private offices, a copy room, and a restroom. Interiors have been updated with modern finishes, and the exterior showcases professional curb appeal with clean, well-maintained landscaping. Located just off Main Street, the property offers visibility, access, and proximity to downtown amenities. The property is currently 100% occupied. At the current income level, the asset reflects a CAP rate of approximately 4.91%.
Key Highlights
- Strong CAP rate of approximately 4.91% reflecting a solid return on investment.
- Fully leased to long‑term professional tenants with tenancy history dating back to the early 1990s, ensuring stable income.
- Well‑maintained freestanding office building in a desirable location in the heart of Cortez, Colorado.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
Demographics for 81321, CO
14,402
Population
6,332
Households
2.3
Avg Household Size
43
Median Age
28%
College-Educated
90%
High-School Grad
419.6 sq mi
ZIP Area
34
Density / Sq Mi
$59,737
Median Household Income
$35,274
Median Earnings
$1,010
Median Rent
$259,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained, fully leased office building in Cortez, Colorado.
Where is this office building located?
The property is located at 30 W 1st St Cortez, CO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Strong CAP rate of approximately 4.91% reflecting a solid return on investment.; Fully leased to long‑term professional tenants with tenancy history dating back to the early 1990s, ensuring stable income.; Well‑maintained freestanding office building in a desirable location in the heart of Cortez, Colorado.
