Property profile

203 Main St Montrose, CO 81401

OFF-MARKET
Other commercial real estate
Property ID
US13-1923818
3,000 SF Built 1982
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property is a multi-use building situated on a corner lot with ample parking, comprising 1,262 sq ft of office space and a 1,470 sq ft heated warehouse. The office area includes two private offices, an ADA-compliant half bath, and two lock-down storage rooms, with an open, unfinished mezzanine above for storage that is accessed by a stairway. The warehouse has two 12-foot overhead electric roll-up doors and a passage door leading to a gated, fenced concrete yard. The yard provides 700 sq ft of detached storage with two roll-up doors controlled by electric garage door openers, along with additional storage space behind two 4-foot hinged doors that is secured with a lock-off. The lot size is 0.14 acres, and the building exterior is scheduled to be repainted. Zoning and exact permitted uses are not stated, but the configuration supports uses such as offices, a showroom, and warehouse or contractor/trades operations.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1982
Construction STEEL FRAME
Total area 3,000 SF
APN 3767-284-42-011
UPID US13-1923818

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising
  • Electrical Service General Contractor

Location

203 Main St Montrose, CO 81401-3314
Montrose metro Census 966302 MONTROSE, CO MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$540k
Blend (final) Blend
$290k

Owner & transaction history

since 2025
Last sale
$550,000
3 recorded transactions
2026
Price N/A
2025
$550,000
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $565,000 +5.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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