Back to Search
Property profile & analytics
OFF-MARKET
Outlet malls
2306 Empire St 10A Cortez, CO 81321-2641
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1849629
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1965
Total area
5,703 SF
Lot
0.69 ac (30,013 SF)
Zoning code
R1
APN
561124425002
UPID
US13-1849629
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
-
Crossroads Christian Fellowship Church
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
The Crossroads Christian Fellowship · 3 yrs held
The Crossroads Christian Fellowship
since 2023
Last sale
$250,000
3 recorded transactions
Zoning & alternative use
R1 · Cortez, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cortez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cortez submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,208
Tax year 2023
Assessed value
$50,008
Assessed 2023
Previous assessed
$38,876
+28.6% YoY
Effective rate
4.42%
On assessed value
Assessed land
$7,221
Assessed improvement
$42,787
Land market value
$24,900
Improvement market value
$147,541
Total market value
$172,441
Applied tax rate
11,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1965
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
5,703 SF
Lot
0.69 ac (30,013 SF)
Zoning code
R1
APN
561124425002
UPID
US13-1849629
Jurisdiction
MONTEZUMA
Zoning & alternative use
R1 · Cortez, CO
Zoning R1 · permitted uses
R1 · Cortez, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cortez. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
The Crossroads Christian Fellowship
Individual
Mailing address
PO BOX 367, CORTEZ, CO 81321-0367
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2023
$250,000
The Crossroads Christian Fellowship
Cortez Partners LLC
Warranty Deed
$125,000 · Cortez Partners LLC
Jan 10, 2014
$215,000
Cortez Partners LLC
Christian Church Of Cortez Colorado
Warranty Deed
$225,000 · The Citizens State Bank Of Cortez
May 21, 2012
—
Christian Church Of Cortez Colarado
Christian Church Of Cortez Colorado
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2306 Empire St, Unit 10A?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
