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

    1842 Townsend Ave Montrose, CO 81401-5470

    • Manufacturing properties
    • 25,344 SF
    • 1.14 lot acres
    OFF-MARKET
    Last Sale
    May 27, 2021
    $1,750,000
    Value Estimations
    $2,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2107122
    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

    • Bluecorn / Lunch Restaurant / Cafe
    • Bluecorn Candles / Home Goods Store / Store

    Property Details for 1842 Townsend Ave

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    1.14 lot acres
    Property size
    25,344 SF
    Property type
    Manufacturing properties
    APN
    3767-343-13-004
    APU
    376734313004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,620,000
      ML approach
      $2,595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,935,000
      Market price range: $762k - $2.62M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,675,000
      Current use
      MEDICAL BUILDING
      $3,690,000
      Change: +120% Conversion: Difficult
      RESTAURANT
      $3,585,000
      Change: +114% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,085,000
      Change: +84% Conversion: Difficult
      RETAIL STORES
      $2,575,000
      Change: +54% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,510,000
      Change: +50% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,020,000
      Change: +21% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.867
    Latitude
    38.4662
    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
    $57,268
    $163,770
    $700,170
    $863,940
    -
    $564,720
    $2,414,390
    $2,979,110

    Comparable in this City

    • Value Estimation
      $820,000
      38,729 SF

      1101 Mayfly Dr

      MANUFACTURING (LIGHT) • 38,729 SF
      1101 Mayfly Dr, Montrose, CO 81401-5918
      View Details
    • Value Estimation
      $530,000
      12,720 SF

      16 Ponderosa Ct

      MANUFACTURING (LIGHT) • 12,720 SF
      16 Ponderosa Ct, Montrose, CO 81401-6201
      View Details
    • Value Estimation
      $260,000
      0.63 Acres

      550 Rio Grande Ave

      MANUFACTURING (LIGHT) • 0.63 Acres
      550 Rio Grande Ave, Montrose, CO 81401-4896
      View Details
    • Value Estimation
      $645,000
      7,000 SF

      2500 Townsend Ave

      MANUFACTURING (LIGHT) • 7,000 SF
      2500 Townsend Ave, Montrose, CO 81401-4900
      View Details
    • Value Estimation
      $355,000
      6,264 SF

      2300 Industrial Dr

      MANUFACTURING (LIGHT) • 6,264 SF
      2300 Industrial Dr, Montrose, CO 81401-5905
      View Details
    • Value Estimation
      $270,000
      5.30 Acres

      Montrose, CO 81401

      MANUFACTURING (LIGHT) • 5.30 Acres
      Montrose, CO 81401
      View Details

    Similar Nearby for Sale

    • $799,888
      5,307 SF

      Commercial Property Near Highway 50

      7.02 acres with building and shop near Highway 50.
      445 Kristen Ct, Montrose, CO 81401
      View Details
    • $1,800,000
      21,600 SF

      Montrose Industrial Warehouse - 21,600 SF

      Prime Montrose warehouse, 3.15 acres, great location.
      12045 6300 Rd, Montrose, CO 81401
      View Details
    • $1,938,000
      14,700 SF

      Downtown Montrose Retail Gem

      Prime Main St location, 14,700 sq ft.
      601 Main St, Montrose, CO 81401
      View Details
    • $689,900
      2,817 SF

      Downtown Montrose Retail Gem

      Historic Charm, Modern Updates, Prime Location
      308 Main St, Montrose, CO 81401
      View Details
    • $1,700,000
      18,325 SF

      Historic Montrose Theater

      Iconic theater; prime location, huge potential.
      27 Cascade Ave, Montrose, CO 81401
      View Details
    • $675,000
      3,284 SF

      Downtown Montrose Commercial Gem

      Prime location, versatile space, restaurant-ready.
      647 Main St, Montrose, CO 81401
      View Details

    Similar Nearby for Lease

    • $2,343 /Mo
      5,050 SF

      Commercial Condominium Ready For Business

      3550 SF commercial condominium available for immediate occupancy.
      12059 6300 Rd, Montrose, CO 81401
      View Details
    • $20,700
      21,600 SF

      Montrose Warehouse and Office Space

      21,600 SF warehouse and office space for lease.
      12045 6300 Rd, Montrose, CO 81401
      View Details
    • $1,400 /Mo
      3,000 SF

      Commercial Condo with Highway Access

      3,000 sq ft commercial condo for lease with highway access.
      425 Kristen Ct, Montrose, CO 81401
      View Details
    • $4,750 /Mo
      15,555 SF

      Montrose Commercial Space For Rent

      Spacious suite ideal for restaurants, breweries, retail, or fitness.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
    • $2,000 /Mo
      800 SF

      Premier Commercial Leasing Opportunity

      Desirable commercial address in Montrose with versatile space options.
      1404 Hawk Pkwy, Montrose, CO 81401
      View Details
    • Contact for pricing
      4,097 SF

      Retail Space in Oxbow Crossing

      Retail space available for lease in Montrose, Colorado.
      1541 Oxbow Dr, 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.
    1842 Townsend Ave
    Montrose, CO 81401-5470
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.