Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1414 Hawk Pkwy, Unit I2 Montrose, CO 81401-6443

    • Office buildings
    • 1,934 SF
    OFF-MARKET
    Last Sale
    Oct 26, 2023
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2097945
    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

    • San Juan Church of Christ / Church
    • Gloria A. Holseybrook, PharmD / Pharmacy
    • Airfield Western, LLC / Airport
    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store
    • Budget Blinds of Montrose-Telluride / Hardware & Home Improvement / Home Decor Store

    Property Details for 1414 Hawk Pkwy

    Year built
    1998
    Construction
    WOOD
    Property size
    1,934 SF
    Property type
    Office buildings
    APN
    3993-042-18-010
    APU
    399304218010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.867
    Latitude
    38.4487
    CBSA code
    33940
    CBSA name
    MONTROSE, CO MICROPOLITAN STATISTICAL AREA

    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
    $7,231
    $0.00
    $117,780
    $117,780
    -
    $0.00
    $406,150
    $406,150

    Comparable in this City

    • Value Estimation by Request
      680 SF

      1404 Hawk Pkwy, Unit 107

      OFFICE BUILDING • 680 SF
      1404 Hawk Pkwy, Montrose, CO 81401-6470
      View Details
    • Value Estimation by Request
      393 SF

      1404 Hawk Pkwy, Unit 207

      OFFICE BUILDING • 393 SF
      1404 Hawk Pkwy, Montrose, CO 81401-6472
      View Details
    • Value Estimation by Request
      311 SF

      1404 Hawk Pkwy, Unit 216

      OFFICE BUILDING • 311 SF
      1404 Hawk Pkwy, Montrose, CO 81401-6470
      View Details
    • Value Estimation by Request
      463 SF

      1431 Hawk Pkwy, Unit B

      OFFICE BUILDING • 463 SF
      1431 Hawk Pkwy, Montrose, CO 81401-6469
      View Details
    • Value Estimation by Request
      984 SF

      901 Main St

      OFFICE BUILDING • 984 SF
      901 Main St, Montrose, CO 81401-3939
      View Details
    • Value Estimation by Request
      2,608 SF

      701 Main St

      OFFICE BUILDING • 2,608 SF
      701 Main St, Montrose, CO 81401-3909
      View Details

    Similar Nearby for Sale

    • $1,700,000
      9,333 SF

      Montrose Commercial Building For Sale

      9,333 sq ft commercial building in Montrose, Colorado.
      3684 N Townsend Ave, Montrose, CO 81401
      View Details
    • $1,050,000
      2,700 SF

      Renovated Office Building For Sale

      Recently renovated office building with high visibility and traffic.
      340 S 4Th St, Montrose, CO 81401
      View Details
    • $419,888
      2,969 SF

      Montrose Office Building - Prime Location

      High-traffic corner lot office, ample parking.
      1245 Main St, Montrose, CO 81401
      View Details
    • $670,000

      Downtown Montrose Corner Lot Building

      3,284 SF building in downtown Montrose with restaurant equipment.
      647 E Main St, Montrose, CO 81401
      View Details
    • $350,000
      988 SF

      Corner Lot Commercial Building

      988 sq ft commercial building on corner lot for sale.
      845 S Townsend Ave, Montrose, CO 81401
      View Details
    • $899,000
      3,750 SF

      Downtown Montrose Commercial Building

      Remodeled commercial building in downtown Montrose with retail and office space.
      316 E Main St, Montrose, CO 81401
      View Details

    Similar Nearby for Lease

    • $2,993 /Mo

      Versatile Retail/Office Space Available

      Functional suite in growing community hub, ideal for various businesses.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
    • $2,993 /Mo

      Retail/Office Space For Rent

      Versatile suite suitable for retail, service, or office use.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
    • $375 /Mo
      87 SF

      Furnished Office Space Available

      Move-in ready office space with high visibility and included utilities.
      1832 S Townsend Ave, Montrose, CO 81401
      View Details
    • $2,888 /Mo
      15,555 SF

      Retail/Office Space in Montrose, CO

      Versatile suite suitable for retail, service businesses, or professional office.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
    • $2,993 /Mo
      15,555 SF

      Montrose Commercial Space For Rent

      Adaptable suites suitable for retail, creative workspace, or food concepts.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
    • $9 SF/Yr
      6,000 SF

      Main Street Montrose Office Space

      Historic Downtown Montrose, Creative Office Space
      202 Main St, Montrose, CO 81401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1414 Hawk Pkwy, Unit I2
    Montrose, CO 81401-6443
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.