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Property profile & analytics
OFF-MARKET
Distribution centers
2005 Industrial Rd Cortez, CO 81321-8853
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-1771581
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Total area
6,000 SF
Lot
1.01 ac (43,865 SF)
Zoning code
I
APN
561123202004
UPID
US13-1771581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CrossFit Cortez Gym & Fitness Center
-
Empowered Body Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shinkle Investments LLC · 7 yrs held
Shinkle Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
I · Cortez, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cortez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cortez submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,050
Tax year 2023
Assessed value
$84,447
Assessed 2023
Previous assessed
$65,366
+29.2% YoY
Effective rate
4.80%
On assessed value
Assessed land
$15,950
Assessed improvement
$68,497
Land market value
$55,000
Improvement market value
$236,195
Total market value
$291,195
Applied tax rate
11,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1981
Heating
HOT WATER
Buildings
2
Stories
1
Total area
6,000 SF
Lot
1.01 ac (43,865 SF)
Zoning code
I
APN
561123202004
UPID
US13-1771581
Jurisdiction
MONTEZUMA
Zoning & alternative use
I · Cortez, CO
Zoning I · permitted uses
I · Cortez, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cortez. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
HOT WATER
Stories
1
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Shinkle Investments LLC
Entity
Mailing address
9543 RD 35, MANCOS, CO 81328-7725
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
—
Shinkle Investments LLC
—
Deed
related
$300,000 · Shinkle Family Survivors Trust
Jan 9, 2019
$324,000
Shinkle Investments LLC
Mark Rodgers
Warranty Deed
$300,000 · Kathloan Bhinkls
Oct 20, 2015
—
Mark Rodgers
Cooney Properties 4 LLC
Special Warranty Deed
—
Jul 24, 2015
$225,000
Cooney Properties 4 LLC
Wesley F Osborn
Warranty Deed
$225,000 · Four Corners Community Bank
Aug 15, 2013
—
Wesley F Osborn
James Stecher
Trustees Deed
related
—
Sep 7, 2010
—
James Stecher
Josh Lindley
Quit Claim Deed
related
—
Jan 4, 2006
$210,000
James Stecher
Wesley F Osborn
Warranty Deed
$185,000 · Wesley Osborn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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