Entity Owned Property summary
AI-generated overview
This exceptional Cortez, CO commercial property boasts 3,380 square feet on a nearly two-acre lot (1.95 acres). The property enjoys prime visibility due to its North Hwy 491 frontage and convenient access from Road 23. The expansive, flat, graveled parking area provides ample space for customers and employees. The building itself offers a versatile layout, ideal for a variety of commercial uses. Approximately 1,480 square feet are finished and suitable for office space or similar applications. A substantial 1,900-square-foot shop area is also included, featuring an upstairs storage area and additional office space. The shop's 14-foot-tall garage doors accommodate large equipment and semi-trucks. This property presents a unique opportunity for entrepreneurs and businesses seeking high visibility and ample space in a rapidly growing area. The flat, graveled land offers excellent access and maneuverability. The combination of office space and large shop area makes this a truly versatile commercial property with unlimited potential. Don't miss this chance to own a highly visible and functional commercial property in Cortez, Colorado. Priced at $375,000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
2,000 SF
Lot
1.95 ac (84,942 SF)
Zoning code
INDLZ
APN
561115300072
UPID
US13-2140727
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Building Supply General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$245k
Owner & transaction history
since 2023
Last sale
$355,000
1 recorded transaction
Zoning & alternative use
INDLZ · Cortez, CO
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$245k
Value range
$221k – $270k
±10% around blend
Estimated value / SF
$123 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$221k
blend $245k
$270k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,000 SF
Lot area
1.95 ac
Year built
1991
Stories
1
APN
561115300072
Zoning
INDLZ
Assessed value
$51,490
Annual tax
$2,298
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$245k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 21 sales
$102
+20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $123/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$355k
Move the market yield to see immediate price impact.
Value / SF
$177
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$22k
$447k
$319k
$249k
$25k
$497k
$355k
$276k
$27k
$547k
$390k
$304k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,298
Tax year 2023
Assessed value
$51,490
Assessed 2023
Previous assessed
$39,768
+29.5% YoY
Effective rate
4.46%
On assessed value
Assessed land
$15,950
Assessed improvement
$35,540
Land market value
$55,000
Improvement market value
$122,551
Total market value
$177,551
Applied tax rate
12,004.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Heating
NONE
Buildings
4
Stories
1
Total area
2,000 SF
Lot
1.95 ac (84,942 SF)
Zoning code
INDLZ
APN
561115300072
UPID
US13-2140727
Jurisdiction
MONTEZUMA
Zoning & alternative use
INDLZ · Cortez, COZoning INDLZ · permitted uses
INDLZ · Cortez, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Stories
1
Buildings
4
Lot
1.95 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
INDLZ
Jurisdiction
Cortez, CO
Recorded code
INDLZ
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for INDLZ in Cortez, CO.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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