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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Warehouses
7429 Hwy 160-491 Cortez, CO 81321-9542
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2000493
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Total area
4,980 SF
Lot
7 ac (304,920 SF)
Zoning code
A/R 3-9
APN
563704100003
UPID
US13-2000493
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
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$512k
Blend (final)
Blend
$595k
Owner & transaction history
Rocky Mountain Re Holdings LLC · 4 yrs held
Rocky Mountain Re Holdings LLC
since 2022
Last sale
$650,000
2 recorded transactions
Zoning & alternative use
A/R 3-9 · Cortez, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$850,000
+67.3%
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
$580,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$510,000
Current use
OFFICE BUILDING
$850,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$435,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $650k (May 26 2022)
Last sale anchor
$650k
May 26 2022
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
$119 / 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
$3,386
Tax year 2023
Assessed value
$88,961
Assessed 2023
Previous assessed
$20,389
+336.3% YoY
Effective rate
3.81%
On assessed value
Assessed land
$15,950
Assessed improvement
$73,011
Land market value
$55,000
Improvement market value
$251,763
Total market value
$306,763
Applied tax rate
12,003.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
5
Stories
1
Total area
4,980 SF
Lot
7 ac (304,920 SF)
Zoning code
A/R 3-9
APN
563704100003
UPID
US13-2000493
Jurisdiction
MONTEZUMA
Zoning & alternative use
A/R 3-9 · Cortez, CO
Zoning A/R 3-9 · permitted uses
A/R 3-9 · Cortez, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cortez. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$510,000
OFFICE BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$435,000
WAREHOUSE, STORAGE 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
1973
Heating
NONE
Stories
1
Buildings
5
Lot
7 ac
Current owner
From public records · entity-resolved
Rocky Mountain Re Holdings LLC
Entity
Mailing address
1045 E MORTON PL, HEMET, CA 92543-4537
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
Rocky Mountain Re Holdings LLC
—
Deed
related
$3,200,000 · Hcn Bank
May 26, 2022
$650,000
Rocky Mountain Re Holdings LLC
Gaylene P Hurst
Special Warranty Deed
$327,500 · The Reed And Gaylene Hurst Trust
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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