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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
1246 Main St Montrose, CO 81401-5821
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1379703
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
WOOD
Total area
2,053 SF
Lot
0.14 ac (6,250 SF)
APN
3767-272-32-001
UPID
US13-1379703
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
Current use
Occupant on record · Public records
-
Stove Depot And Chimney Works Hardware & Home Improvement
-
Montrose Gold, Silver and Coins (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Bryce Wynne · 2 yrs held
Bryce Wynne
since 2023
Last sale
$490,122
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$390,000
+35.7%
Commercial (general)
$365,000
+28.3%
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 Montrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montrose 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
Method
Estimation
Statistic approach
$535,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$390,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$365,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $490k (Aug 7 2023)
Last sale anchor
$490k
Aug 7 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$246 / SF
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
$3,601
Tax year 2023
Assessed value
$63,720
Assessed 2023
Previous assessed
$63,720
+0.0% YoY
Effective rate
5.65%
On assessed value
Assessed land
$18,790
Assessed improvement
$44,930
Land market value
$64,810
Improvement market value
$154,920
Total market value
$219,730
Applied tax rate
1,005.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
1
Total area
2,053 SF
Lot
0.14 ac (6,250 SF)
APN
3767-272-32-001
UPID
US13-1379703
Jurisdiction
MONTROSE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$365,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bryce Wynne
Individual
Mailing address
330 NN AVE, GRAND JUNCTION, CO 81501-7541
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
$490,122
Bryce Wynne
William B Masterson
Special Warranty Deed
$216,000 · William B Masterson
Apr 20, 2018
$285,000
William B Masterson
Steve Thomas
Warranty Deed
$255,000 · Robert Steven
May 26, 2015
—
Steve Thomas
Tnt Realstate LLC
Quit Claim Deed
related
—
Jan 22, 2013
$19,000
Robert T Hanley Revocable Trust
Tjh Ventures LLC
Warranty Deed
—
Jan 8, 2009
$385,000
T N T Realestate LLC
Robert Stephen Thomas
Warranty Deed
$2,625 · Robert Thomas Etal
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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