0 Oak Grove Rd Montrose, CO 81403
Exceptional development opportunity awaits with this 10.4-acre parcel located in Montrose, Colorado, at the highly visible corner of Oak Grove Rd and 6700 Rd. Zoned R-3A, this property allows for medium-high density development, ideal for single-family homes, duplexes, or multifamily residences. The land is level and vacant, ready for immediate construction. Utilities are readily available, including one water tap, one sewer tap, and five shares of UVWUA irrigation water. Electricity is on the lot, and natural gas is nearby. This prime location offers easy accessibility and is currently free from HOA restrictions. Situated minutes from the thriving South Townsend corridor, this property benefits from proximity to major retailers and restaurants, including Walmart, Home Depot, Target, and numerous dining options. Nearby established communities such as American Village, The Glens, Fox Meadows, Monté Vista Estates, and Windsor Gardens further enhance its desirability. The asking price is $1,100,000, with a land value of $105 per square foot. This is a rare chance to acquire a substantial, well-located parcel with significant development potential in a growing Colorado market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.