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    Property profile & analytics

    405 Progress Ln Montrose, CO 81401-6013

    • Auto shops
    • 3,000 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Last Sale
    Apr 17, 2025
    Location Intelligence
    Property ID
    US13-1734253
    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

    • Auto shops

    Property Details for 405 Progress Ln

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    0.70 lot acres
    Property size
    3,000 SF
    Property type
    Auto shops
    APN
    3767-074-14-001
    APU
    376707414001

    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
    -107.921
    Latitude
    38.519
    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
    $7,024
    $26,140
    $93,000
    $119,140
    -
    $90,150
    $320,690
    $410,840

    Comparable in this City

    • Value Estimation
      $90,000
      1,776 SF

      4458 Townsend Ave

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      View Details
    • Value Estimation by Request
      11,200 SF

      530 Townsend Ave

      AUTO REPAIR, GARAGE • 11,200 SF
      530 Townsend Ave, Montrose, CO 81401-3041
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    • Value Estimation
      $270,000
      2,400 SF

      305 Jody Ct

      AUTO REPAIR, GARAGE • 2,400 SF
      305 Jody Ct, Montrose, CO 81401-8101
      View Details
    • Value Estimation
      $395,000
      9,138 SF

      4584 Townsend Ave

      AUTO REPAIR, GARAGE • 9,138 SF
      4584 Townsend Ave, Montrose, CO 81401-8168
      View Details
    • Value Estimation
      $410,000
      8,700 SF

      1940 Townsend Ave

      AUTO REPAIR, GARAGE • 8,700 SF
      1940 Townsend Ave, Montrose, CO 81401-5929
      View Details
    • Value Estimation
      $235,000
      1,679 SF

      201 Colorado Ave

      AUTO REPAIR, GARAGE • 1,679 SF
      201 Colorado Ave, Montrose, CO 81401-3630
      View Details

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    405 Progress Ln
    Montrose, CO 81401-6013
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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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