Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    330 Broadway Cortez, CO 81321-2716

    • Manufacturing properties
    • 4,307 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    May 28, 2024
    $289,000
    Location Intelligence
    Property ID
    US13-2147557
    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

    • Popeyes Louisiana Kitchen / Fast Food Restaurant / Restaurant
    • KFR Graphics / Graphic Designer

    Property Details for 330 Broadway

    Year built
    1959
    Lot size
    0.12 lot acres
    Property size
    4,307 SF
    Zone code
    C
    Property type
    Manufacturing properties
    APN
    561126222011
    APU
    561126222011

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a newly constructed (2023) Popeyes restaurant in Cortez, Colorado. Boasting a strong 18-year lease remaining with a franchisee tenant, this 3,146 square foot property sits on a 0.93-acre lot and generates a substantial NOI of $165,728, representing a 6.25% cap rate. The lease includes 7% rent bumps every five years and four, five-year options, ensuring long-term income stability. Strategically located on South Broadway, this high-visibility property benefits from high traffic counts (19,405 AADT on South Broadway and 22,864 AADT on nearby Main Street), and enjoys proximity to numerous national retailers including Safeway, Walgreens, Walmart, and McDonald's. The Cortez area demonstrates positive population growth, with projections of 8.80% growth within a 1-mile radius from 2024-2029 and 4.2% growth from 2020-2024. The asking price is $2,651,648. This is a rare chance to acquire a high-performing, low-maintenance, net-leased asset in a thriving Colorado market. The property's prime location and strong tenant ensure a secure and profitable investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $320,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $285,000
      Mixed-Use
      $305,000
      Hospitality
      $355,000
      Educational
      $305,000
      Residential Income
      $310,000
      Energy
      $340,000
      Income-Based Land
      $280,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.59
    Latitude
    37.3527

    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
    $1,982
    $9,095
    $27,979
    $37,074
    -
    $31,363
    $96,481
    $127,844

    Comparable in this City

    • Value Estimation
      $340,000
      3,200 SF

      24350 Rd L L

      MANUFACTURING (LIGHT) • 3,200 SF
      24350 Rd L L, Cortez, CO 81321-8804
      View Details
    • Value Estimation
      $275,000
      3,040 SF

      22895 Rd F F

      MANUFACTURING (LIGHT) • 3,040 SF
      22895 Rd F F, Cortez, CO 81321-8635
      View Details
    • Value Estimation
      $320,000
      5,704 SF

      14207 Rd G G

      MANUFACTURING (LIGHT) • 5,704 SF
      14207 Rd G G, Cortez, CO 81321-9575
      View Details
    • Value Estimation
      $150,000
      4,680 SF

      10360 Hwy 491

      MANUFACTURING (LIGHT) • 4,680 SF
      10360 Hwy 491, Cortez, CO 81321-9392
      View Details
    • Value Estimation
      $430,000
      3,688 SF

      156 Hwy 160-491

      MANUFACTURING (LIGHT) • 3,688 SF
      156 Hwy 160-491, Cortez, CO 81321-8625
      View Details
    • Value Estimation
      $190,000
      4,000 SF

      810 Broadway

      MANUFACTURING (LIGHT) • 4,000 SF
      810 Broadway, Cortez, CO 81321-2000
      View Details

    Similar Nearby for Sale

    • $350,000
      6,320 SF

      Highway Commercial Building Opportunity

      Large commercial building suitable for storage and auto body shop.
      22824 Road, Cortez, CO 81321
      View Details
    • $1,375,000
      4,071 SF

      Profitable Restaurant & Micro Brewery

      Successful restaurant and microbrewery on Main Street in Cortez, CO.
      1209 E Main St, Cortez, CO 81321
      View Details
    • $485,000
      9,715 SF

      Highway Commercial Property with Warehouse

      Commercial property with service garage, warehouse, and highway frontage.
      27 S Broadway, Cortez, CO 81321
      View Details
    • $735,000
      0.17 Acres

      Cortez Warehouse & Business Opportunity

      Historic Cortez building, prime location, includes business
      30 Market St, Cortez, CO 81321
      View Details
    • $249,000
      100 SF

      Cortez Industrial Lot - Prime Location

      1.22-acre lot, 100 sq ft building, water tap.
      1803 Industrial Rd, Cortez, CO 81321
      View Details
    • $189,900
      1,764 SF

      Historic Cortez Industrial Building

      Prime Cortez location, 1764 sq ft, loading dock.
      24 Washington St, Cortez, CO 81321
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    330 Broadway
    Cortez, CO 81321-2716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.