Technical
Financial
Distress signals
Property profile

640 State St 2 Cortez, CO 81321

OFF-MARKET
Retail space
Property ID
US13-1849635
801 SF 0.22 ac lot Built 1945
Individually Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Total area 801 SF
Lot 0.22 ac (9,627 SF)
Zoning code C
APN 560930214002
UPID US13-1849635

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • High School Daycare Center

Location

640 State St, Unit 2 Cortez, CO 81321-4236
Cortez metro Census 969302
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2018
4 recorded transactions
2018
$95,500
2017
$50,000
2013
Price N/A
2008
$100,000

Zoning & alternative use

C · Cortez, CO
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 La…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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