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    Property profile & analytics

    23 7th St, Unit 1 Cortez, CO 81321-2161

    • High-rise multifamily apartments
    • 4,536 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimation
    $185,000
    Location Intelligence
    Property ID
    US13-2135515
    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.

    Current Use by Public Records

    • Cortez Park Apartments / Apartment Building

    Property Details for 23 7th St

    Year built
    1993
    Lot size
    1.83 lot acres
    Property size
    4,536 SF
    Zone code
    MH
    Property type
    High-rise multifamily apartments
    APN
    561135208001
    APU
    561135208001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.586
    Latitude
    37.3409

    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
    $6,346
    $3,409
    $133,463
    $136,872
    -
    $42,822
    $1,676,673
    $1,719,495

    Comparable in this City

    • Value Estimation
      $450,000
      7,216 SF

      880 Chestnut St, Unit 1

      HIGH-RISE APARTMENTS • 7,216 SF
      880 Chestnut St, Cortez, CO 81321-4151
      View Details
    • Value Estimation
      $400,000
      6,208 SF

      425 Chestnut St, Unit A

      HIGH-RISE APARTMENTS • 6,208 SF
      425 Chestnut St, Cortez, CO 81321-3609
      View Details
    • Value Estimation
      $300,000
      26,658 SF

      1206 Mildred Rd

      HIGH-RISE APARTMENTS • 26,658 SF
      1206 Mildred Rd, Cortez, CO 81321-2230
      View Details
    • Value Estimation
      $605,000
      24,840 SF

      417 Cedar St, Unit 1-16

      HIGH-RISE APARTMENTS • 24,840 SF
      417 Cedar St, Cortez, CO 81321-3465
      View Details
    • Value Estimation
      $475,000
      7,674 SF

      620 Empire St, Unit 11

      HIGH-RISE APARTMENTS • 7,674 SF
      620 Empire St, Cortez, CO 81321-2859
      View Details
    • Value Estimation by Request
      4,096 SF

      10 5th St, Unit 1

      HIGH-RISE APARTMENTS • 4,096 SF
      10 5th St, Cortez, CO 81321-3658
      View Details

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    • $190,000
      1,216 SF

      Well-Maintained City Home with Views

      Three-bedroom, two-bath home with open views and ample storage.
      1620 Taylor St, Cortez, CO 81321
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    • $1,095,000
      5,000 SF

      Cortez Commercial Building & Business

      Established Cortez business, 5,000 sq ft, .58 acres
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      View Details
    • $69,900
      0.30 Acres

      Residential Lot Near Golf Course

      Residential lot bordering Conquistador Golf Course with mountain views.
      37 Golf Course Ln, Cortez, CO 81321
      View Details
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    Cortez, CO 81321-2161
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    Realmo Value Estimation

    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.

    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.

    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
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