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    Property profile & analytics

    27 Cascade Ave Montrose, CO 81401

    • Retail space
    • 2,760 SF
    • 0.06 lot acres
    For Sale
    View listing
    $1,700,000
    Value Estimation
    Last Sale
    Jul 20, 2025
    $239,000
    Location Intelligence
    Property ID
    US13-2092968
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kilbanes Cleaners and Tuxedo / Formal Wear Store / Dry Cleaner
    • Fox Cinema Center / Movie Theater
    • Second Sunday Cinema / Movie Theater

    Property Details for 27 Cascade Ave

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    2,760 SF
    Property type
    Retail space
    APN
    3767-284-07-003
    APU
    376728407003

    Description

    This exceptional 18,325 square foot building located at 27 S CASCADE Avenue, Montrose, CO presents a rare investment opportunity. A beloved community landmark for nearly a century, this former theater offers immense potential for adaptive reuse or continued operation as a cinematic venue. The property boasts three screening rooms with seating capacities of 84, 168, and 245, respectively, along with three sets of men's and women's restrooms, and a fully equipped snack bar/retail area. Situated on a 0.22-acre lot, the building is zoned B-1 Central Business, providing flexibility for a variety of commercial uses. A significant advantage is its designation as an Opportunity Zone, offering substantial tax benefits to qualified investors through deferred capital gains taxes. The asking price of $1,700,000 is for the real estate

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $315,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $290,000
      Mixed-Use
      $270,000
      Hospitality
      $315,000
      Educational
      $280,000
      Residential Income
      $325,000
      Energy
      $305,000
      Income-Based Land
      $295,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.878
    Latitude
    38.4798
    CBSA code
    33940
    CBSA name
    MONTROSE, CO MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,694
    $8,360
    $41,500
    $49,860
    -
    $28,820
    $143,090
    $171,910

    Comparable in this City

    • Value Estimation
      $125,000
      1,155 SF

      20 Townsend Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,155 SF
      20 Townsend Ave, Montrose, CO 81401-3952
      View Details
    • Value Estimation by Request
      3,800 SF

      109 Townsend Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,800 SF
      109 Townsend Ave, Montrose, CO 81401-3759
      View Details
    • Value Estimation
      $355,000
      2,300 SF

      429 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,300 SF
      429 Main St, Montrose, CO 81401-3929
      View Details
    • Value Estimation
      $510,000
      2,053 SF

      1246 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,053 SF
      1246 Main St, Montrose, CO 81401-5821
      View Details
    • Value Estimation
      $240,000
      2,136 SF

      327 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,136 SF
      327 Main St, Montrose, CO 81401-3927
      View Details
    • Value Estimation
      $445,000
      5,828 SF

      428 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,828 SF
      428 Main St, Montrose, CO 81401-3930
      View Details

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    27 Cascade Ave
    Montrose, CO 81401
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    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
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