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    Property profile & analytics

    11576 Road 24 Cortez, CO 81321

    • Warehouses
    • 2,000 SF
    • 1.95 lot acres
    For Sale
    View listing
    $375,000
    Value Estimation
    Last Sale
    Feb 17, 2023
    $355,000
    Location Intelligence
    Property ID
    US13-2140727
    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

    • Professional Garage Door / Garage Door Supplier

    Property Details for 11576 Road 24

    Year built
    1991
    Lot size
    1.95 lot acres
    Property size
    2,000 SF
    Zone code
    INDLZ
    Property type
    Warehouses
    APN
    561115300072
    APU
    561115300072

    Description

    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.

    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%
      $375,000
      6.5%
      $350,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $385,000
      Mixed-Use
      $395,000
      Hospitality
      $300,000
      Educational
      $300,000
      Residential Income
      $310,000
      Energy
      $315,000
      Income-Based Land
      $310,000
      Food Service
      $400,000

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.608
    Latitude
    37.378

    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
    $2,298
    $15,950
    $35,540
    $51,490
    -
    $55,000
    $122,551
    $177,551

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      21555 Rd F F

      WAREHOUSE, STORAGE • 1,800 SF
      21555 Rd F F, Cortez, CO 81321-8630
      View Details
    • Value Estimation
      $265,000
      5,320 SF

      25 Beech St

      WAREHOUSE, STORAGE • 5,320 SF
      25 Beech St, Cortez, CO 81321-3205
      View Details
    • Value Estimation
      $400,000
      5,015 SF

      12185 Hwy 491

      WAREHOUSE, STORAGE • 5,015 SF
      12185 Hwy 491, Cortez, CO 81321-9399
      View Details
    • Value Estimation
      $1,105,000
      8,196 SF

      24194 Rd L L

      WAREHOUSE, STORAGE • 8,196 SF
      24194 Rd L L, Cortez, CO 81321-8959
      View Details
    • Value Estimation
      $285,000
      9,000 SF

      2310 Empire St

      WAREHOUSE, STORAGE • 9,000 SF
      2310 Empire St, Cortez, CO 81321-2641
      View Details
    • Value Estimation
      $580,000
      10,619 SF

      12450 Hwy 491

      MINI-WAREHOUSE, STORAGE • 10,619 SF
      12450 Hwy 491, Cortez, CO 81321-9358
      View Details

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    11576 Road 24
    Cortez, CO 81321
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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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