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    Property profile & analytics

    10 5th St, Unit 5 Cortez, CO 81321-3658

    • High-rise multifamily apartments
    • 4,096 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $715,000
    Last Sale
    Feb 24, 2025
    $755,000
    Location Intelligence
    Property ID
    US13-2167140
    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

    • High-rise multifamily apartments

    Property Details for 10 5th St

    Year built
    1981
    Lot size
    0.24 lot acres
    Property size
    4,096 SF
    Zone code
    R2
    Property type
    High-rise multifamily apartments
    APN
    561126336009
    APU
    561126336009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $695,000

    • CAP approach

      CAP return
      Estimation
      6%
      $805,000
      6.5%
      $740,000
      7%
      $835,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $770,000
      Geo Method
      $770,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $830,000
      Retail
      $835,000
      Mixed-Use
      $700,000
      Hospitality
      $865,000
      Educational
      $775,000
      Residential Income
      $855,000
      Energy
      $800,000
      Income-Based Land
      $825,000
      Food Service
      $775,000

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.586
    Latitude
    37.3437

    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
    $1,244
    $3,713
    $24,059
    $27,772
    -
    $46,647
    $302,245
    $348,892

    Comparable in this City

    • Value Estimation
      $450,000
      7,216 SF

      880 Chestnut St, Unit 1

      HIGH-RISE APARTMENTS • 7,216 SF
      880 Chestnut St, Cortez, CO 81321-4151
      View Details
    • Value Estimation
      $400,000
      6,208 SF

      425 Chestnut St, Unit A

      HIGH-RISE APARTMENTS • 6,208 SF
      425 Chestnut St, Cortez, CO 81321-3609
      View Details
    • Value Estimation
      $300,000
      26,658 SF

      1206 Mildred Rd

      HIGH-RISE APARTMENTS • 26,658 SF
      1206 Mildred Rd, Cortez, CO 81321-2230
      View Details
    • Value Estimation
      $605,000
      24,840 SF

      417 Cedar St, Unit 1-16

      HIGH-RISE APARTMENTS • 24,840 SF
      417 Cedar St, Cortez, CO 81321-3465
      View Details
    • Value Estimation
      $475,000
      7,674 SF

      620 Empire St, Unit 11

      HIGH-RISE APARTMENTS • 7,674 SF
      620 Empire St, Cortez, CO 81321-2859
      View Details
    • Value Estimation by Request
      4,096 SF

      10 5th St, Unit 1

      HIGH-RISE APARTMENTS • 4,096 SF
      10 5th St, Cortez, CO 81321-3658
      View Details

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    10 5th St, Unit 5
    Cortez, CO 81321-3658
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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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