628 5th St Cortez, CO 81321-3458
This exceptional 7,500 square foot commercial office building presents a compelling investment opportunity in Cortez, Colorado. Situated on a spacious 2.29-acre lot, the property boasts a prime location and mature landscaping, maintained by the current owner. The building has enjoyed a single, long-term tenant—the United States Department of Agriculture—for over two decades. A recently executed five-year lease extension ensures consistent cash flow for the new owner, projecting a strong 7-8% capitalization rate. This translates to a reliable and predictable income stream. The property's substantial size and established tenant history make it an attractive proposition for investors seeking a stable, high-return asset. All utilities and property taxes are the responsibility of the current owner, minimizing operational burdens for the new owner. The convenient location and well-maintained grounds further enhance the property's appeal. This is a rare opportunity to acquire a turnkey commercial property with a proven track record of success and significant future potential in the thriving Cortez market. The building's size and the long-term lease provide a secure investment for years to come. Don't miss this chance to secure a valuable addition to your investment portfolio.
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Natural Resources Conservation Sustainability Organization
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High Desert Conservation District Sustainability Organization
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US Soil Survey Office Sustainability Organization
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C · Cortez, COC 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 shall apply: 1. Boundaries indicated, as approximately following streets, highways or alleys shall be construed to follow the centerline of such street, highway or alley. 2. Boundaries indicated, as approximately following platted lot lines shall be construed as following such lines. 3. Boundaries indicated, as approximately following City limits shall be construed as following City limits. 4. Boundaries indicated as approximately following the centerline of irrigation ditches or drainage ways shall be construed to follow such centerline. 5. Boundaries indicated as parallel to or extensions of features indicated in this Subsection shall be so construed. Distances not specifically indicated on the original zoning map shall be determined from the graphic scale on the map. 6. Whenever any street, alley, or other public way is vacated by official action of the City Council, the zoning district line adjoining each side of such street, alley or other public way shall be automatically extended to the centerline of such vacated street, alley or way, and all area so involved shall then and henceforth be subject to all regulations of the extended districts. 3.02.3 Zoning of Annexed Territory. A. All territory hereafter annexed to the City shall apply for the appropriate Zone District at the time of annexation per the procedure established by this Code for Zoning Amendments. B. All City approvals, such as a site development plan or building permit, must be obtained before construction. 3.03 Residential Zone Districts 3.03.1 Purpose. A. Residential Zone Districts. In order to secure for the persons who reside there a comfortable, healthy, safe, walkable and pleasant environment in which to live, sheltered from incompatible and disruptive activities and to encourage a diversity of housing options, the following residential districts are established. B. Zone Districts 1. Residential Estate District (RE) - Legacy Zone District 2. Residential Single-Family District (R-1) 3. Residential Multi-Family District (R-2)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
