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Property profile & analytics
OFF-MARKET
Warehouses
12185 Hwy 491 Cortez, CO 81321-9399
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1769171
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Total area
5,015 SF
Lot
1.73 ac (75,359 SF)
Zoning code
AR ES
APN
561109401002
UPID
US13-1769171
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Archer And Company LLC · 5 yrs held
Archer And Company LLC
since 2021
Last sale
$400,000
4 recorded transactions
Zoning & alternative use
AR ES · Cortez, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cortez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cortez submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,373
Tax year 2023
Assessed value
$164,768
Assessed 2023
Previous assessed
$112,810
+46.1% YoY
Effective rate
4.47%
On assessed value
Assessed land
$22,346
Assessed improvement
$142,422
Land market value
$77,056
Improvement market value
$491,111
Total market value
$568,167
Applied tax rate
12,006.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1959
Heating
ELECTRIC
Buildings
6
Stories
1
Total area
5,015 SF
Lot
1.73 ac (75,359 SF)
Zoning code
AR ES
APN
561109401002
UPID
US13-1769171
Jurisdiction
MONTEZUMA
Zoning & alternative use
AR ES · Cortez, CO
Zoning AR ES · permitted uses
AR ES · Cortez, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cortez. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Heating
ELECTRIC
Stories
1
Buildings
6
Lot
1.73 ac
Current owner
From public records · entity-resolved
Archer And Company LLC
Entity
Mailing address
621 PATTON ST, CORTEZ, CO 81321-4270
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2021
$400,000
Archer And Company LLC
Wayne Geisinger
Warranty Deed
—
Nov 20, 2020
$650,000
Archer And Company LLC
Wayne Geisinger
Warranty Deed
$375,000 · First Southwest Community Fund
Nov 20, 2020
—
A & C Milling INC
Wayne Geisinger
Deed
$375,000 · First Southwest Bank
Sep 4, 2012
—
Wayne Geisinger
Steven M Suckla
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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