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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Commercial real estate
24099 Rd G2 Cortez, CO 81321-8524
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2095245
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2015
Lot
3 ac (130,680 SF)
Zoning code
AR ES
APN
563703302005
UPID
US13-2095245
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Kp Venture Proeprties LLC · 4 yrs held
Kp Venture Proeprties LLC
since 2022
Last sale
$525,000
3 recorded transactions
Zoning & alternative use
AR ES · Cortez, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City of Cortez Land USE CODE
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
Method
Estimation
Statistic approach
$500,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $525k (Apr 1 2022)
Last sale anchor
$525k
Apr 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$3,446
Tax year 2023
Assessed value
$68,867
Assessed 2023
Previous assessed
$53,228
+29.4% YoY
Effective rate
5.00%
On assessed value
Assessed land
$7,099
Assessed improvement
$61,768
Land market value
$24,480
Improvement market value
$212,994
Total market value
$237,474
Applied tax rate
12,057.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2015
Heating
FORCED AIR
Stories
1
Lot
3 ac (130,680 SF)
Zoning code
AR ES
APN
563703302005
UPID
US13-2095245
Jurisdiction
MONTEZUMA
Zoning & alternative use
AR ES · Cortez, COZoning AR ES · permitted uses
AR ES · Cortez, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City of Cortez Land USE CODE
Building & site characteristics
From public records
Year built
2015
Heating
FORCED AIR
Stories
1
Lot
3 ac
Current owner
From public records · entity-resolved
Kp Venture Proeprties LLC
Entity
Mailing address
PO BOX 166, BAYFIELD, CO 81122-0166
Ownership since
2022
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
Apr 1, 2022
$525,000
Kp Venture Proeprties LLC
Harold D Randolph
Special Warranty Deed
$356,250 · Bank Of Colorado
Oct 31, 2014
$40,000
Harold D Randolph
Joys Of The Southwest LLC
Warranty Deed
—
Jan 20, 2012
$250,000
Joys Of The Southwest LLC
The Fair Trust
Warranty Deed
$200,000 · Carol Fair
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.
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