1240 LebanonCortez, CO 81321

  • Retail properties
  • 4,800 SF
Off market
$120,814 Estimated

Property Details for 1240 Lebanon

Year built
2003
Lot size
3.15 AC
Property size (Sq ft)
4,800 SF
Zone code
I
Property type
Retail properties
Property subtype
Other individual retail properties
APN
561123316005
APU
561123316005

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,296,720
    6.5%
    $1,196,972
    7%
    $1,111,474
  • Comparable approach

    Method
    Valuation
    Method 1
    $2,461,604
    Method 2
    $999,372
  • Alternative Use

    Use
    Valuation
    Residential
    $1,009,691
    Hospitality
    $924,871
    Educational
    $769,482
    Medical
    $795,946
    Retail
    $1,196,972
1240 Lebanon, Cortez, Colorado

Location Insight

City
Cortez
County
Montezuma
State
Colorado
Latitude
37.3617
Longitude
-108.59

Property Tax & Assessments

  • Assessed Improved Value
    $82,446
  • Assessed land value
    $17,400
  • Assessed value
    $99,846
  • Tax year
    2023
  • Tax bill
    $4,873

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