Technical
Financial
Distress signals
Property profile

209 West Main St Cortez, CO 81321

FOR SALE
Retail space
Property ID
US13-1937789
2,144 SF 0.15 ac lot Built 1917
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Cortez, CO commercial property, located at 209 W MAIN Street, presents a unique investment opportunity. Boasting 7,071 square feet on a 0.23-acre lot, this versatile space offers a dynamic blend of retail and office areas, perfect for a variety of businesses. The expansive main level, situated on bustling Main Street, provides high visibility and ample space for a storefront, showroom, or other customer-facing enterprise. Large windows maximize natural light and attract pedestrian traffic. Several private office suites are also included, providing a flexible workspace for staff or clients. A convenient main-level bathroom adds to the property's functionality. Beyond the main level, a substantial basement area offers significant additional storage or potential for expansion. The property includes private off-street parking, a valuable asset in a high-traffic downtown location. This property is ideally suited for entrepreneurs, established businesses seeking expansion, or anyone looking to capitalize on the vibrant Cortez market. The seller will also consider a Triple Net Lease arrangement. This is a rare chance to acquire a prime commercial property in a thriving downtown location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1917
Total area 2,144 SF
Lot 0.15 ac (6,534 SF)
Zoning code CBD
APN 561126301002
UPID US13-1937789

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
  • Charitable Organization Social Service Agency
  • Clothing & Fashion Store
  • Hair Salon Nail Salon

Location

209 West Main St Cortez, CO 81321
Cortez metro Census 969400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$180k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2022
Last sale
$190,000
4 recorded transactions
2022
$190,000
2020
Price N/A
2020
$350,000
2012
$200,000

Zoning & alternative use

CBD · Cortez, CO
Zoning description

CBD Central Business District 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…

General category CIVIC_INSTITUTIONAL

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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