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    67399 Hwy 50 Montrose, CO 81401-9708
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    Property profile & analytics

    67399 Hwy 50, Montrose, CO 81401-9708

    View on Map
    • Warehouses
    • 8,775 SF
    • 9.28 lot acres
    Off-Market
    Property ID
    US13-1413628
    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.
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 67399 Hwy 50

    Year built
    2021
    Construction
    STEEL FRAME
    Lot size
    9.28 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    3767-243-09-002
    APU
    376724309002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 8, 2025 — Triple Mmm Investments LLC — Deed · related $400k · Timberline Bank
    May 2, 2023 — Triple Mmm Investments LLC — Deed · related $400k · Timberline Bank
    Sep 16, 2019 — Mmm Investments LLC — Deed · related $282k · Timberline Bank
    Jul 29, 2019 — Triple Mmm Investments LLC Michael Z Newsom Quit Claim Deed · related —
    Jul 29, 2019 $377,000 Triple Mmm Investments LLC Michael Z Newsom Special Warranty Deed —
    Jul 24, 2018 — Timothy L And Therese A Hupp Trust Timothy L Hupp Intrafamily Transfer · related —
    Dec 2, 2016 — Michael Z Newsom Timothy L Hupp Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,289,000
      Market price range: $397k - $1.29M
      AI Estimate
      $1,043,000
      Market price range: $416k - $1.04M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $785,000
      Current use
      OFFICE BUILDING
      $1,655,000
      Change: +111% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,565,000
      Change: +99% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,290,000
      Change: +64% Conversion: Easy
      RETAIL STORES
      $1,220,000
      Change: +55% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.831
    Latitude
    38.4898
    CBSA code
    33940
    CBSA name
    MONTROSE, CO MICROPOLITAN STATISTICAL AREA

    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
    $32,712
    $28,220
    $440,460
    $468,680
    -
    $112,760
    $1,760,540
    $1,873,300

    Comparable in this City

    • Value Estimation
      $505,000
      4,200 SF

      13945 6700th Rd

      MINI-WAREHOUSE, STORAGE
      13945 6700th Rd, Montrose, CO 81401-7533
      View Details
    • Value Estimation by Request
      2,800 SF

      2700 Commercial Way

      MINI-WAREHOUSE, STORAGE
      2700 Commercial Way, Montrose, CO 81401
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    • Value Estimation
      $530,000
      6,323 SF

      320 Denny Ct

      MINI-WAREHOUSE, STORAGE
      320 Denny Ct, Montrose, CO 81401-6021
      View Details
    • Value Estimation
      $885,000
      8,000 SF

      67233 Hwy 50

      MINI-WAREHOUSE, STORAGE
      67233 Hwy 50, Montrose, CO 81401-9708
      View Details
    • Value Estimation
      $595,000
      8,000 SF

      1401 Oak Grv Rd

      MINI-WAREHOUSE, STORAGE
      1401 Oak Grv Rd, Montrose, CO 81401-6420
      View Details
    • Value Estimation
      $605,000
      5,600 SF

      493 6530th Rd

      MINI-WAREHOUSE, STORAGE
      493 6530th Rd, Montrose, CO 81401-8850
      View Details

    Similar Nearby for Sale

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      8,352 SF

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      Montrose Flex Space Opportunity

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    • $1,800,000
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      Montrose Industrial Warehouse - 21,600 SF

      Prime Montrose warehouse, 3.15 acres, great location.
      12045 6300 Rd, Montrose, CO 81401
      View Details
    • $1,374,000
      7,318 SF

      Montrose Multifamily Investment Opportunity

      Income-producing multifamily property with short and long-term rental history.
      147 E Main St, Montrose, CO 81401
      View Details

    Similar Nearby for Lease

    • $13,230 /Mo
      14,112 SF

      Montrose Warehouse Distribution Space

      Industrial warehouse with office, loading docks, and cooler space.
      400 Kristen Ct, Montrose, CO 81401
      View Details
    • Contact for pricing

      Warehouse and Office Building

      21,600 SF warehouse and office space with expansion potential.
      12045 6300 Rd, Montrose, CO 81401
      View Details
    • $4,750 /Mo
      15,555 SF

      Open-Plan Retail Suite

      Large, open suite with flexible build-out for customer space and back-of-house operations in a high-traffic riverfront setting.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
    • Contact for pricing
      1,155 SF

      Adaptable Retail Space in Montrose

      Retail suites suitable for showroom, workspace, or food concept.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
    • Contact for pricing

      Retail Space Near Hobby Lobby

      25,271 SF retail space available through March 2032.
      3400 S Rio Grande Ave, Montrose, CO 81401
      View Details
    • $2,888 /Mo
      15,555 SF

      Retail or Office Suite with Frontage

      Suite 103 offers a flexible layout with visible frontage at the River's Edge development in a growing community hub.
      1021 Mayfly Dr, Montrose, CO 81401
      View Details
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    Montrose, CO 81401-9708
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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