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    Property profile & analytics

    3400 Rio Grande Ave Montrose, CO 81401

    • Outlet malls
    • 88,125 SF
    • 7.77 lot acres
    For Lease
    View listing
    Value Estimation
    $1,280,000
    Location Intelligence
    Property ID
    US13-2101779
    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

    • Hobby Lobby / Hobby Store / Home Goods Store
    • The SALON by InStyle Inside JCPenney / Hair Salon / Beauty Supply Store

    Property Details for 3400 Rio Grande Ave

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    7.77 lot acres
    Property size
    88,125 SF
    Property type
    Outlet malls
    APN
    3993-042-46-001
    APU
    399304246001

    Description

    This exceptional 25,271 square foot retail space is located at 3400 S. Rio Grande Avenue in Montrose, Colorado, zip code 81401. The property is a single-tenant space within a thriving retail center, offering a sublease opportunity extending through March 2032. This represents the last available space in this highly sought-after location. The property benefits from its adjacency to Hobby Lobby and its proximity to other major retailers, including Target, Ross, Marshalls, and Sportsman's Warehouse. This prime location ensures high visibility and significant foot traffic, making it an ideal opportunity for a variety of retail businesses. The property is classified as neighborhood retail within Montrose County. The property's size and location provide a strong foundation for a successful retail operation. This is a unique opportunity to secure a substantial retail presence in a vibrant and growing community. Interested parties should act quickly as this is the last remaining space available in the center. The property is situated at 38.4447726 latitude and -107.8704198 longitude.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,410,000
      6.5%
      $1,180,000
      7%
      $1,200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,190,000
      Geo Method
      $1,485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,230,000
      Retail
      $1,545,000
      Mixed-Use
      $1,330,000
      Hospitality
      $1,340,000
      Educational
      $1,435,000
      Residential Income
      $1,510,000
      Energy
      $1,400,000
      Income-Based Land
      $1,300,000
      Food Service
      $1,285,000

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.87
    Latitude
    38.4449
    CBSA code
    33940
    CBSA name
    MONTROSE, CO MICROPOLITAN STATISTICAL AREA

    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
    $70,068
    $447,270
    $618,480
    $1,065,750
    -
    $1,542,300
    $2,132,700
    $3,675,000

    Comparable in this City

    • Value Estimation
      $1,110,000
      41,802 SF

      2151 Townsend Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 41,802 SF
      2151 Townsend Ave, Montrose, CO 81401-5442
      View Details
    • Value Estimation by Request
      4,900 SF

      427 Cascade Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 4,900 SF
      427 Cascade Ave, Montrose, CO 81401-3549
      View Details
    • Value Estimation by Request
      204,041 SF

      16750 Townsend Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 204,041 SF
      16750 Townsend Ave, Montrose, CO 81401-5410
      View Details
    • Value Estimation by Request
      128,307 SF

      3530 Wolverine Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 128,307 SF
      3530 Wolverine Dr, Montrose, CO 81401-4952
      View Details
    • Value Estimation
      $665,000
      7,945 SF

      940 Townsend Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7,945 SF
      940 Townsend Ave, Montrose, CO 81401-3061
      View Details
    • Value Estimation
      $11,295,000
      25,133 SF

      1521 Oxbow Dr

      REGIONAL SHOPPING CENTER, MALL • 25,133 SF
      1521 Oxbow Dr, Montrose, CO 81401-4779
      View Details

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      Montrose Retail Space - Prime Location

      Large retail space, sublease opportunity.
      3400 Rio Grande Ave, Montrose, CO 81401
      View Details
    • $19 SF/Yr
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      South Townsend Office Condo

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      View Details
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    3400 Rio Grande Ave
    Montrose, CO 81401
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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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