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    Property profile & analytics

    140 Market St Cortez, CO 81321-3215

    • Office buildings
    • 2,107 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Last Sale
    Nov 13, 2023
    $275,000
    Location Intelligence
    Property ID
    US13-2097046
    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

    • The Gathering Place / Coffee Stand
    • Bryce Tanner, OD / Optometrist

    Property Details for 140 Market St

    Year built
    1935
    Lot size
    0.15 lot acres
    Property size
    2,107 SF
    Zone code
    NB
    Property type
    Office buildings
    APN
    561126241005
    APU
    561126241005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $215,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $255,000
      Mixed-Use
      $190,000
      Hospitality
      $210,000
      Educational
      $200,000
      Residential Income
      $200,000
      Energy
      $215,000
      Income-Based Land
      $245,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.585
    Latitude
    37.3505

    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
    $1,698
    $8,510
    $31,943
    $40,453
    -
    $29,346
    $110,148
    $139,494

    Comparable in this City

    • Value Estimation by Request
      5,120 SF

      631 Main St

      OFFICE BUILDING • 5,120 SF
      631 Main St, Cortez, CO 81321-3320
      View Details
    • Value Estimation by Request
      1,285 SF

      23 Market St

      OFFICE BUILDING • 1,285 SF
      23 Market St, Cortez, CO 81321-3501
      View Details
    • Value Estimation by Request
      288 SF

      920 Broadway

      OFFICE BUILDING • 288 SF
      920 Broadway, Cortez, CO 81321-4012
      View Details
    • Value Estimation by Request
      825 SF

      136 1st St

      OFFICE BUILDING • 825 SF
      136 1st St, Cortez, CO 81321-3510
      View Details
    • Value Estimation
      $440,000
      2,084 SF

      1002 Main St

      OFFICE BUILDING • 2,084 SF
      1002 Main St, Cortez, CO 81321-3326
      View Details
    • Value Estimation by Request
      1,983 SF

      44 Chestnut St

      OFFICE BUILDING • 1,983 SF
      44 Chestnut St, Cortez, CO 81321-3156
      View Details

    Similar Nearby for Sale

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      825 SF

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      View Details
    • $585,000
      5,738 SF

      Cortez Office Building - High Return

      Profitable, fully leased office complex
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      View Details
    • $485,000
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      Versatile Commercial Buildings on Main Street

      Two connected buildings in historic Cortez, ideal for diverse ventures.
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    • $1,095,000
      5,000 SF

      Cortez Commercial Building & Business

      Established Cortez business, 5,000 sq ft, .58 acres
      2415 Empire St, Cortez, CO 81321
      View Details
    • $69,900
      0.30 Acres

      Residential Lot Near Golf Course

      Residential lot bordering Conquistador Golf Course with mountain views.
      37 Golf Course Ln, Cortez, CO 81321
      View Details
    • $275,000
      32.40 Acres

      32.4 Acres in Cortez, CO

      32.4 acres of land in Cortez, Colorado for sale.
      E Empire St, Cortez, CO 81321
      View Details
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    Cortez, CO 81321-3215
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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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