Property profile

236 North St Cortez, CO 81321

OFF-MARKET
Mixed-use properties
4,600 SF 0.24 ac lot Built 1959
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This iconic Cortez, CO building, constructed in 1959, offers 4,600 square feet on a 0.24-acre lot. Currently housing two businesses, its adaptable layout allows for easy conversion into four separate units, each with private front and rear entrances and a half-bath. The property's unique design and flexible zoning present significant investment opportunities. Located at 236 W NORTH Street, the building boasts a rich history, having served various businesses, including dental and legal practices. Its Neighborhood Business zoning permits a wide range of uses, including single or multi-family residential, in addition to numerous business types. The building is eligible for Historic Property Designation, adding potential tax benefits and preserving its unique character. This versatile property is ideal for both owner-occupants seeking office space and investors looking for a high-return opportunity in a thriving Cortez location. The asking price is $525,000. This is a rare chance to acquire a piece of Cortez history with significant upside potential. The property's flexible layout and zoning provide a multitude of options for future development and use.

Property profile

Verified
Property type Mixed-use properties
Year built 1959
Total area 4,600 SF
Lot 0.24 ac (10,454 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Title Company

Location

236 North St Cortez, CO 81321
Cortez metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 236 North St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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