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Property profile & analytics
OFF-MARKET
Motels

2040 Main St Cortez, CO 81321-3042

5,750 SF 2.09 ac lot Built 1996
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US13-1962558
Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1996
Total area 5,750 SF
Lot 2.09 ac (91,040 SF)
Zoning code C
APN 561125100016
UPID US13-1962558
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
  • Retro Inn at Mesa Verde Hotel & Motel
  • Retro Inn, 2040 E Main St., Cortez, CO Hotel & Motel
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
Retro Inn At Mesa Verde LLC · 12 yrs held
Retro Inn At Mesa Verde LLC
since 2013
3 recorded transactions
2022
Price N/A
2013
$700,000
2013
Price N/A
Zoning & alternative use
C · Cortez, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C General Commercial District NB Neighborhood Business District I Industrial O Open District PUD Planned Unit Development Section 3.03 Residential Zone Districts Cortez Land Use Code Update Chapter 3 | Page 3-3 Cortez Land Use Code thereof. Where uncertainty exists as to the boundaries of districts as shown on the Official Zoning Maps, the following rules sh…

Zone name General Commercial
General category COMMERCIAL
Zone area 849.47 ac
Source City of Cortez Land USE CODE
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