Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    12-38 Hotchkiss Ave Colona, CO 81403

    • Mixed-use properties
    • 7,240 SF
    • 0.65 lot acres
    For Sale
    View listing
    $1,695,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 12-38 Hotchkiss Ave

    Lot size
    0.65 lot acres
    Property size
    7,240 SF
    Property type
    Mixed-use properties

    Description

    Historic Colona Gem: Unique Investment Opportunity

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colona
    County
    Ouray
    State
    Colorado
    Longitude
    -107.78
    Latitude
    38.3258

    Comparable in this City

    • Value Estimation by Request
      57.00 Acres

      50 Tbd Hwy

      Farms • 57.00 Acres
      50 Tbd Hwy, Colona, CO 81403
      View Details
    • Value Estimation by Request
      9.21 Acres

      11511 Lakeview Dr

      MOBILE HOME PARK, TRAILER PARK • 9.21 Acres
      11511 Lakeview Dr, Montrose, CO 81403-9365
      View Details
    • Value Estimation by Request
      30.50 Acres

      60301 Park Trl

      QUARRIES (SAND, GRAVEL, ROCK) • 30.50 Acres
      60301 Park Trl, Montrose, CO 81403-8436
      View Details
    • Value Estimation by Request
      0.81 Acres

      Montrose, CO 81403

      VACANT COMMERCIAL LAND • 0.81 Acres
      Montrose, CO 81403
      View Details
    • Value Estimation by Request
      4,834 SF

      1000 Cornerstone Trl

      COMMERCIAL (GENERAL) • 4,834 SF
      1000 Cornerstone Trl, Montrose, CO 81403-6836
      View Details
    • Value Estimation by Request
      10.01 Acres

      Montrose, CO 81403

      VACANT COMMERCIAL LAND • 10.01 Acres
      Montrose, CO 81403
      View Details

    Similar Nearby for Sale

    • $1,695,000
      7,240 SF

      MLS 788264. See the colonacolorado website for more info.""""}"""

      Colona Mixed-Use Commercial Property
      12-38 Hotchkiss Ave, Colona, CO 81403
      View Details
    • $385,000
      739 SF

      Prime Colona Mixed-Use Corner Lot

      Historic building, high traffic, turn-key business.
      12 Hotchkiss Ave, Colona, CO 81403
      View Details
    • $329,000
      5.06 Acres

      Mountain Land Parcel, No HOA

      Spacious 5.06-acre lot with mountain views and abundant wildlife.
      2 Tbd County Rd, Montrose, CO 81403
      View Details
    • $450,000
      14.51 Acres

      Treed Acreage on Loghill Mesa

      14.51 acres with views, no HOA, includes 5th wheel.
      6101 County Road 1, Montrose, CO 81403
      View Details
    • $249,000
      5.34 Acres

      Montrose Land with Water Tap

      5.34 acre lot with paid water tap near Montrose.
      28 7250 Rd, Montrose, CO 81403
      View Details
    • $215,000
      3.54 Acres

      Montrose Land Bordering BLM Land

      3.54 acre lot with water tap near Montrose, Colorado.
      21 7250 Rd, Montrose, CO 81403
      View Details
    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.
    12-38 Hotchkiss Ave
    Colona, CO 81403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.