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    Property profile & analytics

    111 Park St, Unit A-C Cortez, CO 81321-3340

    • Medical offices
    • 5,585 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $880,000
    Last Sale
    Dec 04, 2023
    $820,000
    Location Intelligence
    Property ID
    US13-2123812
    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 Desert Physical Therapy / Physical Therapist
    • Brandl Erin M MD / Internist
    • Dr. Charles F. Bellows III, MD / Surgeon / Doctor
    • Southwest Internal Medicine / Internist / Medical Clinic
    • Karla J. Demby, M.D., F.A.C.P. / Internist / Family Practice Physician

    Property Details for 111 Park St

    Year built
    2000
    Lot size
    0.41 lot acres
    Property size
    5,585 SF
    Zone code
    NB
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    561126121006
    APU
    561126121006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $950,000

    • CAP approach

      CAP return
      Estimation
      6%
      $865,000
      6.5%
      $905,000
      7%
      $830,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $850,000
      Geo Method
      $765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $725,000
      Retail
      $780,000
      Mixed-Use
      $870,000
      Hospitality
      $865,000
      Educational
      $925,000
      Residential Income
      $890,000
      Energy
      $775,000
      Income-Based Land
      $960,000
      Food Service
      $855,000

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.575
    Latitude
    37.3502

    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
    $12,728
    $47,566
    $199,223
    $246,789
    -
    $164,019
    $686,976
    $850,995

    Comparable in this City

    • Value Estimation
      $640,000
      18,564 SF

      20 Market St

      MEDICAL BUILDING • 18,564 SF
      20 Market St, Cortez, CO 81321-3502
      View Details
    • Value Estimation
      $415,000
      6,000 SF

      106 1st St

      MEDICAL BUILDING • 6,000 SF
      106 1st St, Cortez, CO 81321-3749
      View Details
    • Value Estimation
      $315,000
      5,888 SF

      1011 Mildred Rd

      MEDICAL BUILDING • 5,888 SF
      1011 Mildred Rd, Cortez, CO 81321-2435
      View Details
    • Value Estimation
      $560,000
      2,256 SF

      101 Maple St Sta, Unit A

      MEDICAL BUILDING • 2,256 SF
      101 Maple St Sta, Cortez, CO 81321-3562
      View Details
    • Value Estimation
      $510,000
      1,872 SF

      302 Montezuma Ave

      MEDICAL BUILDING • 1,872 SF
      302 Montezuma Ave, Cortez, CO 81321-2750
      View Details
    • Value Estimation
      $250,000
      2,275 SF

      11 Beech St

      MEDICAL BUILDING • 2,275 SF
      11 Beech St, Cortez, CO 81321-3205
      View Details

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    Cortez, CO 81321-3340
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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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