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    Property profile & analytics

    508 Main St Cortez, CO 81321-3307

    • Grocery and convenience stores
    • 64,932 SF
    • 5.13 lot acres
    OFF-MARKET
    Value Estimation
    $925,000
    Location Intelligence
    Property ID
    US13-2054496
    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

    • City Market Fuel Center / Gas Station
    • Ria Money Transfer - City Market / Money Transfer Service
    • Timothy Stefanko / Pharmacy
    • Jennifer Sandoval / Pharmacy
    • James Reeves / Pharmacy

    Property Details for 508 Main St

    Year built
    1980
    Lot size
    5.13 lot acres
    Property size
    64,932 SF
    Zone code
    C
    Property type
    Grocery and convenience stores
    APN
    561126123001
    APU
    561126123001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.578
    Latitude
    37.3497

    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
    $78,178
    $510,331
    $960,768
    $1,471,099
    -
    $1,759,763
    $3,312,994
    $5,072,757

    Comparable in this City

    • Value Estimation
      $475,000
      2,640 SF

      2501 Main St

      CONVENIENCE STORE • 2,640 SF
      2501 Main St, Cortez, CO 81321-4223
      View Details
    • Value Estimation
      $800,000
      2,400 SF

      806 Broadway

      CONVENIENCE STORE • 2,400 SF
      806 Broadway, Cortez, CO 81321-4048
      View Details
    • Value Estimation
      $365,000
      2,250 SF

      921 Main St

      CONVENIENCE STORE • 2,250 SF
      921 Main St, Cortez, CO 81321-3323
      View Details
    • Value Estimation
      $360,000
      2,015 SF

      2021 Main St

      CONVENIENCE STORE • 2,015 SF
      2021 Main St, Cortez, CO 81321-3041
      View Details
    • Value Estimation
      $260,000
      2,065 SF

      158 Hwy 160-491

      CONVENIENCE STORE • 2,065 SF
      158 Hwy 160-491, Cortez, CO 81321-8625
      View Details
    • Value Estimation
      $390,000
      2,394 SF

      10223 Hwy 491

      CONVENIENCE STORE • 2,394 SF
      10223 Hwy 491, Cortez, CO 81321-8301
      View Details

    Similar Nearby for Sale

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      1,622 SF

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    • $1,375,000
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      Profitable Restaurant & Micro Brewery

      Successful restaurant and microbrewery on Main Street in Cortez, CO.
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      Highway Commercial Property with Warehouse

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    Property Visit Statistics

    • Visits by month
      87.2k
    • Visitors by month
      28.9k
    • Avg Time on site
      21 min
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    508 Main St
    Cortez, CO 81321-3307
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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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