Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2064 Main St Montrose, CO 81401-3836
    Back to Search
    Property profile & analytics

    2064 Main St, Montrose, CO 81401-3836

    View on Map
    • Specialty properties
    • 2,331 SF
    Off-Market
    Last Sale Aug 24, 2020
    $171,000
    Property ID
    US13-1875177
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Rehab Vets, LLC / Veterinary Clinic
    • Clear Path Accountants / Accounting Firm / Tax Preparation

    Property Details for 2064 Main St

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property type
    Specialty properties
    APN
    3767-262-04-003
    APU
    376726204003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 24, 2020 $171,000 Colorado Native Sisters LLC Cimarron Sunrise LLC Special Warranty Deed —
    May 11, 2005 — Cimarron Sunrise LLC James H Jennison Quit Claim Deed · related —
    Jan 5, 2005 $62,500 James H Jennison Perry A Flanigan Warranty Deed $200k · Perry Flanigan Etal
    Jan 5, 2005 $125,000 James H Jennison Max H Story Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.856
    Latitude
    38.4878
    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
    $4,415
    $20,360
    $54,960
    $75,320
    -
    $70,190
    $189,510
    $259,700

    Comparable in this City

    • Value Estimation by Request
      2.91 Acres

      Montrose, CO 81401

      CHARITABLE ORGANIZATION
      Montrose, CO 81401
      View Details
    • Value Estimation by Request
      0.42 Acres

      Montrose, CO 81401

      CHARITABLE ORGANIZATION
      Montrose, CO 81401
      View Details
    • Value Estimation
      $1,230,000
      6,022 SF

      802 Main St

      FUNERAL HOME
      802 Main St, Montrose, CO 81401-3942
      View Details
    • Value Estimation by Request
      1,342 SF

      1845 Main St

      VETERINARY, ANIMAL HOSPITAL
      1845 Main St, Montrose, CO 81401-3839
      View Details
    • Value Estimation by Request
      0.14 Acres

      310 9th St

      SBE - SPECIAL ASSESSMENTS
      310 9th St, Montrose, CO 81401-4312
      View Details
    • Value Estimation by Request
      13,716 SF

      801 Hillcrest Dr

      CHARITABLE ORGANIZATION
      801 Hillcrest Dr, Montrose, CO 81401-4473
      View Details

    Similar Nearby for Sale

    • New
      $459,000
      1,968 SF

      Montrose Commercial Property for Sale

      Commercial property in Montrose, CO, with 1968 square feet.
      35 S Nevada Ave, Montrose, CO 81401
      View Details
    • $550,000
      2,939 SF

      Montrose Commercial Property For Sale

      Commercial property in Montrose, CO, totaling 2,939 square feet.
      238 S 2Nd St, Montrose, CO 81401
      View Details
    • New
      $145,000
      0.34 Acres

      Montrose, CO Land For Sale

      Land available in Montrose, Colorado.
      Teton Ct, Montrose, CO 81401
      View Details
    • $105,000
      0.19 Acres

      Montrose, CO Land For Sale

      Land available in Montrose, Colorado.
      Freedom Way, Montrose, CO 81401
      View Details
    • $199,900
      1.00 Acre

      Montrose, CO Land For Sale

      One acre of land available in Montrose, Colorado.
      13721 6700 Rd, Montrose, CO 81401
      View Details
    • $600,000
      2,231 SF

      Montrose Commercial Property For Sale

      Commercial property in Montrose, Colorado with 2,231 square feet.
      1020 S Townsend Ave, Montrose, CO 81401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,155 SF

      Adaptable Retail Space in Montrose

      Retail suites suitable for showroom, workspace, or food concept.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
    • Contact for pricing

      Retail Space Near Hobby Lobby

      25,271 SF retail space available through March 2032.
      3400 S Rio Grande Ave, Montrose, CO 81401
      View Details
    • $2,888 /Mo
      15,555 SF

      Retail or Office Suite with Frontage

      Suite 103 offers a flexible layout with visible frontage at the River's Edge development in a growing community hub.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
    • $13,230 /Mo
      14,112 SF

      Montrose Warehouse Distribution Space

      Industrial warehouse with office, loading docks, and cooler space.
      400 Kristen Ct, Montrose, CO 81401
      View Details
    • Contact for pricing
      87 SF

      Furnished Office Space Available

      Move-in ready office space with high visibility and included utilities.
      1832 S Townsend Ave, Montrose, CO 81401
      View Details
    • $2,888 /Mo
      15,555 SF

      Retail-Office Suite with Frontage

      Functional suite with River’s Edge frontage, suited for retail, services, or professional office use.
      1021 Mayfly 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.
    2064 Main St
    Montrose, CO 81401-3836
    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

    Thank You for Inquiry
    2064 Main St, Montrose, CO, 81401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!