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    Property profile & analytics

    12944 Hwy 491 Cortez, CO 81321-9359

    • Auto shops
    • 7,920 SF
    • 4.00 lot acres
    OFF-MARKET
    Value Estimation
    $595,000
    Last Sale
    Jun 08, 2023
    $595,000
    Location Intelligence
    Property ID
    US13-1954455
    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

    • Auto shops

    Property Details for 12944 Hwy 491

    Year built
    1989
    Lot size
    4.00 lot acres
    Property size
    7,920 SF
    Zone code
    INDLZ
    Property type
    Auto shops
    APN
    561109200031
    APU
    561109200031

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $615,000

    • CAP approach

      CAP return
      Estimation
      6%
      $670,000
      6.5%
      $605,000
      7%
      $695,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $635,000
      Geo Method
      $535,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $545,000
      Mixed-Use
      $535,000
      Hospitality
      $570,000
      Educational
      $650,000
      Residential Income
      $665,000
      Energy
      $620,000
      Income-Based Land
      $620,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.622
    Latitude
    37.4

    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
    $6,907
    $23,490
    $131,420
    $154,910
    -
    $81,000
    $453,173
    $534,173

    Comparable in this City

    • Value Estimation by Request
      4,650 SF

      493 Broadway

      AUTO REPAIR, GARAGE • 4,650 SF
      493 Broadway, Cortez, CO 81321-2717
      View Details
    • Value Estimation by Request
      1,600 SF

      6465 Hwy 160-491

      AUTO REPAIR, GARAGE • 1,600 SF
      6465 Hwy 160-491, Cortez, CO 81321-9671
      View Details
    • Value Estimation
      $295,000
      4,845 SF

      328 Montezuma Ave

      AUTO REPAIR, GARAGE • 4,845 SF
      328 Montezuma Ave, Cortez, CO 81321-2750
      View Details
    • Value Estimation by Request
      1,316 SF

      100 Pinon Dr

      AUTO REPAIR, GARAGE • 1,316 SF
      100 Pinon Dr, Cortez, CO 81321-3146
      View Details
    • Value Estimation
      $855,000
      1,320 SF

      720 Broadway

      AUTO REPAIR, GARAGE • 1,320 SF
      720 Broadway, Cortez, CO 81321-4009
      View Details
    • Value Estimation by Request
      1,452 SF

      24806 Rd M3

      AUTO REPAIR, GARAGE • 1,452 SF
      24806 Rd M3, Cortez, CO 81321
      View Details

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    12944 Hwy 491
    Cortez, CO 81321-9359
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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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