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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Commercial real estate
7006 Hwy 160-491 Cortez, CO 81321
Individually Owned
5-yr Hold
Free & Clear
Property ID
US13-1971010
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1959
Total area
4,158 SF
Lot
5.54 ac (241,322 SF)
Zoning code
INDHZ
APN
563703300027
UPID
US13-1971010
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$519k
Blend (final)
Blend
$615k
Owner & transaction history
Loves Travel Stops & Country Sotres · 5 yrs held
Loves Travel Stops & Country Sotres
since 2021
Last sale
$699,000
3 recorded transactions
Zoning & alternative use
INDHZ · Cortez, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City of Cortez Land USE CODE
Top alternative use upside
Office building
$630,000
+59.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cortez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cortez submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$590,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$395,000
Current use
OFFICE BUILDING
$630,000
Change: +59% · Conversion: Easy
RETAIL STORES
$395,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $699k (Jan 11 2021)
Last sale anchor
$699k
Jan 11 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$148 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,768
Tax year 2023
Assessed value
$196,732
Assessed 2023
Previous assessed
$113,274
+73.7% YoY
Effective rate
5.47%
On assessed value
Assessed land
$31,900
Assessed improvement
$164,832
Land market value
$110,000
Improvement market value
$568,386
Total market value
$678,386
Applied tax rate
12,057.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1959
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
4,158 SF
Lot
5.54 ac (241,322 SF)
Zoning code
INDHZ
APN
563703300027
UPID
US13-1971010
Jurisdiction
MONTEZUMA
Zoning & alternative use
INDHZ · Cortez, COZoning INDHZ · permitted uses
INDHZ · Cortez, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City of Cortez Land USE CODE
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$395,000
OFFICE BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$395,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
5.54 ac
Current owner
From public records · entity-resolved
Loves Travel Stops & Country Sotres
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 5256, OAK BROOK, IL 60522-5256
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
$699,000
Loves Travel Stops & Country Sotres
Jovian Petroleum Corporation
Warranty Deed
—
Sep 25, 2018
—
Jovian Petroleum Corp
Abas Energy INC
Warranty Deed
—
Jun 27, 2017
—
Jovian Petroleum Corporation
Abas Energy INC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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