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    Property profile & analytics

    1015 Townsend Ave Montrose, CO 81401-4978

    • Turn key restaurants
    • 2,149 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 11, 2024
    Location Intelligence
    Property ID
    US13-1992535
    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

    • Chang's Thai Viet & Japanese / Thai Restaurant / Japanese Restaurant

    Property Details for 1015 Townsend Ave

    Year built
    1973
    Construction
    WOOD
    Property size
    2,149 SF
    Property type
    Turn key restaurants
    APN
    3767-342-22-006
    APU
    376734222006

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.868
    Latitude
    38.4707
    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
    $10,242
    $56,270
    $108,900
    $165,170
    -
    $194,040
    $375,500
    $569,540

    Comparable in this City

    • Value Estimation
      $280,000
      3,284 SF

      647 Main St

      RESTAURANT • 3,284 SF
      647 Main St, Montrose, CO 81401-3933
      View Details
    • Value Estimation
      $1,065,000
      5,423 SF

      1501 Oxbow Dr

      RESTAURANT • 5,423 SF
      1501 Oxbow Dr, Montrose, CO 81401-4731
      View Details
    • Value Estimation
      $390,000
      1,228 SF

      411 Townsend Ave

      RESTAURANT • 1,228 SF
      411 Townsend Ave, Montrose, CO 81401-3555
      View Details
    • Value Estimation
      $430,000
      1,568 SF

      531 Townsend Ave

      RESTAURANT • 1,568 SF
      531 Townsend Ave, Montrose, CO 81401-5751
      View Details
    • Value Estimation
      $235,000
      1,913 SF

      710 Townsend Ave

      RESTAURANT • 1,913 SF
      710 Townsend Ave, Montrose, CO 81401-3043
      View Details
    • Value Estimation
      $325,000
      9,612 SF

      1706 Main St

      RESTAURANT • 9,612 SF
      1706 Main St, Montrose, CO 81401-3811
      View Details

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    Similar Nearby for Lease

    • $4,750 /Mo
      15,555 SF

      Montrose Commercial Space For Rent

      Spacious suite ideal for restaurants, breweries, retail, or fitness.
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      Montrose Commercial Space For Rent

      Adaptable suites suitable for retail, creative workspace, or food concept.
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      Montrose Commercial Space For Rent

      Adaptable suites suitable for retail, creative workspace, or food concepts.
      1021 Mayfly Dr, Montrose, CO 81401
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      Retail/Office Space in Montrose, CO

      Versatile suite suitable for retail, service businesses, or professional office.
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      Montrose Retail Showroom Space

      Adaptable retail space in a dynamic mixed-use development.
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    • $2,993 /Mo

      Versatile Retail/Office Space Available

      Functional suite in growing community hub, ideal for various businesses.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
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    1015 Townsend Ave
    Montrose, CO 81401-4978
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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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