628 5th St, Cortez, CO 81321-3458
- Office buildings
- 7,500 SF
- 2.29 lot acres
Current Use by Public Records
- Natural Resources Conservation / Sustainability Organization
- High Desert Conservation District / Sustainability Organization
- US Soil Survey Office / Sustainability Organization
Property Details for 628 5th St
- Year built
- 1995
- Lot size
- 2.29 lot acres
- Zone code
- C
- Property type
- Office buildings
- APN
- 561127400028
- APU
- 561127400028
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 5, 2026 | — | Stone Property LLC | Stone Daren | Quitclaim Deed · related | — |
| May 4, 2026 | — | Neely Christopher | — | Deed · related | $590k |
| Nov 25, 2025 | $700,000 | Daren R Stone | Markajen Lllp | Special Warranty Deed | — |
| Feb 22, 2023 | — | Jake Wesley Gordanier | — | Deed · related | — |
| Oct 20, 2022 | — | Walter W Everett | Everett Ranches INC | Special Warranty Deed | $240k · Usda |
| Feb 5, 2020 | — | Danny Ray Daves | — | Deed · related | — |
| Feb 28, 2018 | — | Paul Ray Weyard | — | Deed · related | $225k · Usda |
| Dec 22, 2017 | $170,000 | Jonathan Thomas Reidel | Cling D Schurr | Warranty Deed | $170k · United States Department Of Agricul |
| Apr 11, 2017 | — | Brett Reed Oliver | — | Deed · related | $45k · United States Of America |
| Mar 8, 2012 | — | Markajen Lllp | Markajen Limited Partnership Lllp | Quit Claim Deed · related | — |
| Dec 14, 2011 | — | Markjen Lllp | Marcia Coleman | Correction Deed · related | — |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $934,000
Market price range: $685k - $1.53M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cortez
- County
- Montezuma
- State
- Colorado
- Longitude
- -108.595
- Latitude
- 37.3439
