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    Property profile & analytics

    400 Nevada Ave Montrose, CO 81401-5738

    • Medical offices
    • 2,286 SF
    OFF-MARKET
    Value Estimation
    $380,000
    Last Sale
    Oct 15, 2020
    Location Intelligence
    Property ID
    US13-1892377
    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

    • Colorado AirLift Outreach / Non-Profit Organization
    • Montrose Eye Care Center / Optometrist
    • Vision Source Eyecare Center / Optometrist / Eye Care Center
    • Cooper Wesley D Optometrist / Optometrist

    Property Details for 400 Nevada Ave

    Year built
    1971
    Construction
    WOOD
    Property size
    2,286 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    3767-273-14-001
    APU
    376727314001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.869
    Latitude
    38.4789
    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
    $3,209
    $14,340
    $43,380
    $57,720
    -
    $49,440
    $149,590
    $199,030

    Comparable in this City

    • Value Estimation
      $290,000
      1,664 SF

      17 Mesa Ave

      MEDICAL BUILDING • 1,664 SF
      17 Mesa Ave, Montrose, CO 81401-3902
      View Details
    • Value Estimation
      $335,000
      1,689 SF

      1804 Pavilion Pl

      MEDICAL BUILDING • 1,689 SF
      1804 Pavilion Pl, Montrose, CO 81401-5795
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    • Value Estimation
      $585,000
      6,832 SF

      910 4th St

      MEDICAL BUILDING • 6,832 SF
      910 4th St, Montrose, CO 81401-4226
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    • Value Estimation
      $545,000
      5,858 SF

      846 5th St

      MEDICAL BUILDING • 5,858 SF
      846 5th St, Montrose, CO 81401-5715
      View Details
    • Value Estimation
      $580,000
      8,130 SF

      300 Nevada Ave

      MEDICAL BUILDING • 8,130 SF
      300 Nevada Ave, Montrose, CO 81401-4273
      View Details
    • Value Estimation
      $480,000
      2,668 SF

      1808 Pavilion Pl

      MEDICAL BUILDING • 2,668 SF
      1808 Pavilion Pl, Montrose, CO 81401-5797
      View Details

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    400 Nevada Ave
    Montrose, CO 81401-5738
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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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