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Property profile & analytics

123 W Grand Ave Mancos, CO 81328

  • Commercial real estate
  • 2,088 SF
  • 0.11 lot acres
Value Estimation
Location Intelligence
Property ID
US13-1799810
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

  • Columbine Bar & Grill / Bar & Grill

Property Details for 123 W Grand Ave

Year built
1910
Lot size
0.11 lot acres
Property size
2,088 SF
Zone code
DMU
Property type
Commercial real estate
APN
560528314004
APU
560528314004

Description

This exceptional commercial property presents a rare investment opportunity in the heart of Mancos, Colorado. Located at 123 W GRAND Avenue, this 2,088 square foot building sits on a 0.11-acre lot and is priced at $625,000. The property boasts a prime location within Mancos' thriving business district, benefiting from high visibility and foot traffic. Currently housing The Columbine Bar and Grill (business not included in sale), this longtime local landmark offers a well-established presence. The interior features a spacious and well-lit dining area, complemented by a mahogany bar and attractive tongue-and-groove aspen paneling. A private fenced patio provides additional outdoor space. Undergoing extensive renovations between 2020 and 2021, the building received significant upgrades. These improvements included a complete roof replacement, new ceiling, electrical system overhaul, updated water lines, and a modern heating and cooling system. The kitchen and prep areas were also extensively enhanced, featuring a new walk-in cooler and state-of-the-art appliances. The building's exterior was also refreshed with new double-pane windows, all while carefully preserving the historical integrity of this 1910 structure. This property offers a unique blend of historical charm and modern functionality, making it an ideal investment for discerning buyers seeking a well-located, high-quality commercial space in a growing Colorado town.

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%
    $310,000
    6.5%
    $270,000
    7%
    $305,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $270,000
    Geo Method
    $260,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $245,000
    Retail
    $280,000
    Mixed-Use
    $240,000
    Hospitality
    $220,000
    Educational
    $240,000
    Residential Income
    $275,000
    Energy
    $300,000
    Income-Based Land
    $305,000
    Food Service
    $270,000

Location Insight

  • Map
  • Local Demand
City
Mancos
County
Montezuma
State
Colorado
Longitude
-108.29
Latitude
37.3448

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
$4,386
$25,012
$41,403
$66,415
-
$86,249
$142,770
$229,019
More about this property
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