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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Manufacturing properties
1 Ponderosa Ct Montrose, CO 81401-6201
Individually Owned
4-yr Hold
Free & Clear
Property ID
US13-2120347
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
STEEL FRAME
Total area
9,000 SF
APN
3767-214-10-007
UPID
US13-2120347
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Montrose Regional Library District · 4 yrs held
Montrose Regional Library District
since 2021
Last sale
$714,888
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+120.0%
Restaurant
$1.3M
+113.9%
Commercial (general)
$1.1M
+84.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Montrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montrose submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,070,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$595,000
Current use
MEDICAL BUILDING
$1,310,000
Change: +120% · Conversion: Difficult
RESTAURANT
$1,275,000
Change: +114% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,095,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$915,000
Change: +54% · Conversion: Moderate
AUTO REPAIR, GARAGE
$890,000
Change: +50% · Conversion: Easy
WAREHOUSE, STORAGE
$720,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $715k (Nov 19 2021)
Last sale anchor
$715k
Nov 19 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,697
Tax year 2023
Assessed value
$196,240
Assessed 2023
Previous assessed
$160,310
+22.4% YoY
Effective rate
6.98%
On assessed value
Assessed land
$70,220
Assessed improvement
$126,020
Land market value
$242,140
Improvement market value
$434,540
Total market value
$676,680
Applied tax rate
1,140.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
REFRIGERATOR
Stories
1
Units
1
Total area
9,000 SF
APN
3767-214-10-007
UPID
US13-2120347
Jurisdiction
MONTROSE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$595,000
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$720,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Current owner
From public records · entity-resolved
Montrose Regional Library District
Individual
Free & Clear · 4 yrs held
Mailing address
320 S 2ND ST, MONTROSE, CO 81401-4274
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2021
—
Montrose Regional Library District
Alpine Bank
Lease
—
Nov 19, 2021
$714,888
Montrose Regional Library District
Cjt Tool LLC
Special Warranty Deed
—
Apr 2, 2021
$500,000
Cjt Tool LLC
Genham Diamond Tooling INC
Special Warranty Deed
—
Jun 11, 2020
—
Genham Diamond Tooling INC
—
Deed
related
$450,000 · The First National Bank Of Ottawa
Nov 8, 2012
$500,000
Genham Diamond Tooling Systems INC
Ross P Hauck
Warranty Deed
$6,940,000 · Cole Taylor Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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