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    Property profile & analytics

    940 Townsend Ave Montrose, CO 81401-3061

    • Outlet malls
    • 7,945 SF
    OFF-MARKET
    Value Estimation
    $665,000
    Last Sale
    Mar 12, 2024
    Location Intelligence
    Property ID
    US13-2052556
    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.

    Current Use by Public Records

    • Dollar General / Dollar Store / Convenience Store
    • Family Dollar / Dollar Store / Discount Store

    Property Details for 940 Townsend Ave

    Year built
    2003
    Construction
    STEEL FRAME
    Property size
    7,945 SF
    Property type
    Outlet malls
    APN
    3767-282-31-002
    APU
    376728231002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.886
    Latitude
    38.4868
    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
    $28,203
    $66,450
    $367,720
    $434,170
    -
    $229,150
    $1,267,990
    $1,497,140

    Comparable in this City

    • Value Estimation by Request
      128,307 SF

      3530 Wolverine Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 128,307 SF
      3530 Wolverine Dr, Montrose, CO 81401-4952
      View Details
    • Value Estimation
      $1,280,000
      88,125 SF

      3400 Rio Grande Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 88,125 SF
      3400 Rio Grande Ave, Montrose, CO 81401-4834
      View Details
    • Value Estimation
      $1,110,000
      41,802 SF

      2151 Townsend Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 41,802 SF
      2151 Townsend Ave, Montrose, CO 81401-5442
      View Details
    • Value Estimation by Request
      4,900 SF

      427 Cascade Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 4,900 SF
      427 Cascade Ave, Montrose, CO 81401-3549
      View Details
    • Value Estimation by Request
      204,041 SF

      16750 Townsend Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 204,041 SF
      16750 Townsend Ave, Montrose, CO 81401-5410
      View Details
    • Value Estimation
      $11,295,000
      25,133 SF

      1521 Oxbow Dr

      REGIONAL SHOPPING CENTER, MALL • 25,133 SF
      1521 Oxbow Dr, Montrose, CO 81401-4779
      View Details

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    940 Townsend Ave
    Montrose, CO 81401-3061
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    Realmo Value Estimation

    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.

    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.

    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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