Technical
Financial
Distress signals
Property profile

22 1st St Cortez, CO 81321

OFF-MARKET
Retail space
Property ID
US13-2141963
2,400 SF 0.06 ac lot Built 1928
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,400 square foot retail property presents a unique opportunity in the heart of Cortez, Colorado. Situated at 22 E 1ST STREET, this historic building enjoys a highly desirable location, boasting close proximity to the Cortez Post Office and the recently revitalized Calkins Commons. The property sits on a 0.06-acre lot, offering convenient access and visibility for any business. The interior layout is well-designed to accommodate a variety of retail uses, featuring a spacious main retail area perfect for showcasing products or services. In addition to the expansive retail space, a smaller, dedicated office area is included, providing a private workspace for administrative tasks or client meetings. This versatile space allows for a seamless blend of retail operations and business management. The building's historic character adds to its charm and appeal, offering a unique aesthetic that will attract customers and enhance brand identity. The asking price for this exceptional property is $275,000. This represents a compelling investment opportunity in a thriving community with strong potential for growth and return. Don't miss the chance to own a piece of Cortez history and establish your business in this prime location. Contact us today to schedule a viewing.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1928
Total area 2,400 SF
Lot 0.06 ac (2,396 SF)
Zoning code CBD
APN 561126303011
UPID US13-2141963

Cap rate & NOI

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

Location

22 1st St Cortez, CO 81321-3702
Cortez metro Census 969400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$80k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2021
Last sale
$92,300
5 recorded transactions
2021
Price N/A
2019
Price N/A
2008
$92,300
2008
$92,300
2006
$75,000

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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