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    Property profile & analytics

    1853 Main St Cortez, CO 81321-3037

    • Outlet malls
    • 7,028 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimation
    $2,025,000
    Last Sale
    Jan 05, 2021
    $2,015,000
    Location Intelligence
    Property ID
    US13-1962516
    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

    • O'Reilly Auto Parts / Auto Parts Store / Auto Body Parts Supplier

    Property Details for 1853 Main St

    Year built
    2014
    Lot size
    0.64 lot acres
    Property size
    7,028 SF
    Zone code
    C
    Property type
    Outlet malls
    APN
    561125412001
    APU
    561125412001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,930,000
      6.5%
      $2,085,000
      7%
      $2,170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,315,000
      Geo Method
      $2,005,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,820,000
      Retail
      $2,295,000
      Mixed-Use
      $2,200,000
      Hospitality
      $1,780,000
      Educational
      $1,995,000
      Residential Income
      $1,970,000
      Energy
      $2,225,000
      Income-Based Land
      $2,025,000
      Food Service
      $1,980,000

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.562
    Latitude
    37.3486

    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
    $15,210
    $101,059
    $192,157
    $293,216
    -
    $348,480
    $662,611
    $1,011,091

    Comparable in this City

    • Value Estimation by Request
      1,900 SF

      33 Maple St

      WHOLESALE OUTLET, DISCOUNT STORE • 1,900 SF
      33 Maple St, Cortez, CO 81321-3547
      View Details
    • Value Estimation
      $1,195,000
      3,720 SF

      2120 Broadway

      WHOLESALE OUTLET, DISCOUNT STORE • 3,720 SF
      2120 Broadway, Cortez, CO 81321-9534
      View Details
    • Value Estimation
      $175,000
      1,764 SF

      24 Washington St

      WHOLESALE OUTLET, DISCOUNT STORE • 1,764 SF
      24 Washington St, Cortez, CO 81321-3738
      View Details
    • Value Estimation
      $230,000
      5,703 SF

      2306 Empire St, Unit 10A

      WHOLESALE OUTLET, DISCOUNT STORE • 5,703 SF
      2306 Empire St, Cortez, CO 81321-2641
      View Details
    • Value Estimation
      $275,000
      7,280 SF

      101 Broadway

      WHOLESALE OUTLET, DISCOUNT STORE • 7,280 SF
      101 Broadway, Cortez, CO 81321-2711
      View Details
    • Value Estimation
      $350,000
      12,258 SF

      213 Wn St

      WHOLESALE OUTLET, DISCOUNT STORE • 12,258 SF
      213 Wn St, Cortez, CO 81321-3120
      View Details

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    Property Visit Statistics

    • Visits by month
      4.8k
    • Visitors by month
      3.6k
    • Avg Time on site
      14 min
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    1853 Main St
    Cortez, CO 81321-3037
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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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