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    Property profile & analytics

    1119 Main St Cortez, CO 81321-3305

    • Drive through restaurants
    • 3,516 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US13-2147809
    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

    • Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
    • B & B Storage / Warehouse

    Property Details for 1119 Main St

    Year built
    1976
    Lot size
    0.58 lot acres
    Property size
    3,516 SF
    Zone code
    C
    Property type
    Drive through restaurants
    APN
    561125300006
    APU
    561125300006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $295,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $285,000
      Mixed-Use
      $250,000
      Hospitality
      $285,000
      Educational
      $320,000
      Residential Income
      $260,000
      Energy
      $280,000
      Income-Based Land
      $325,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.571
    Latitude
    37.3483

    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
    $8,084
    $57,882
    $102,035
    $159,917
    -
    $199,592
    $351,845
    $551,437

    Comparable in this City

    • Value Estimation
      $235,000
      1,738 SF

      1127 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,738 SF
      1127 Main St, Cortez, CO 81321-3305
      View Details
    • Value Estimation
      $245,000
      665 SF

      400 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 665 SF
      400 Main St, Cortez, CO 81321-3306
      View Details
    • Value Estimation
      $235,000
      1,528 SF

      436 Broadway

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,528 SF
      436 Broadway, Cortez, CO 81321-3426
      View Details
    • Value Estimation
      $415,000
      3,664 SF

      520 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,664 SF
      520 Main St, Cortez, CO 81321-3113
      View Details
    • Value Estimation
      $395,000
      2,444 SF

      2222 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,444 SF
      2222 Main St, Cortez, CO 81321-4263
      View Details
    • Value Estimation
      $1,550,000
      2,987 SF

      504 Broadway

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,987 SF
      504 Broadway, Cortez, CO 81321-3428
      View Details

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      Taco Bell Sale-Leaseback, Cortez, CO

      High-Yield Taco Bell; 15-Year Lease
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    • $485,000
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      Versatile Commercial Buildings on Main Street

      Two connected buildings in historic Cortez, ideal for diverse ventures.
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      Profitable Restaurant & Micro Brewery

      Successful restaurant and microbrewery on Main Street in Cortez, CO.
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      Restaurant and Bar on Large Lot

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      Versatile Property with Tiny Home

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    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      4.3k
    • Avg Time on site
      19 min
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    1119 Main St
    Cortez, CO 81321-3305
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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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