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Property profile & analytics
OFF-MARKET Estimated value $1,550,000
Drive through restaurants

504 Broadway Cortez, CO 81321-3428

2,987 SF 0.79 ac lot Built 1992
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US13-1860042
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1992
Total area 2,987 SF
Lot 0.79 ac (34,412 SF)
Zoning code C
APN 561127410001
UPID US13-1860042
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
Current use
Occupant on record · Public records
  • Arby's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.46M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.55M
Owner & transaction history
Alex Hsu · 4 yrs held
Alex Hsu
since 2022
Last sale
$1.7M
3 recorded transactions
2022
$1.7M
2017
Price N/A
2005
$550,000
Zoning & alternative use
C · Cortez, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C General Commercial District NB Neighborhood Business District I Industrial O Open District PUD Planned Unit Development Section 3.03 Residential Zone Districts Cortez Land Use Code Update Chapter 3 | Page 3-3 Cortez Land Use Code thereof. Where uncertainty exists as to the boundaries of districts as shown on the Official Zoning Maps, the following rules sh…

Zone name General Commercial
General category COMMERCIAL
Zone area 849.47 ac
Source City of Cortez Land USE CODE
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