505 MainCortez, CO 81321

Property Details for 505 Main

Year built

1985

Lot size

0.98 AC

Property size (Sq ft)

20,493 SF

Zone code

C

Property type

Hospitality properties

Property subtype

Motels

APN

561126401002

APU

561126401002

PT Realty Valuation

• Cap approach

  6%

  $4,277,674

  6.5%

  $3,948,622

  7%

  $3,666,577

• Alternative use approach

  Residential

  $4,310,748

  Hospitality

  $3,948,622

  Educational

  $3,285,207

  Medical

  $3,398,190

  Retail

  $5,110,322

• Comp approach

  Method 1

  $9,800,535

  Method 2

  $3,978,860

Location Insight

City

Cortez

County

Montezuma

State

Colorado

Latitude

37.3482

Longitude

-108.578

Property Tax & Assessments

• Assessed Improved Value
  $257,005
• Assessed land value
  $77,830
• Assessed value
  $334,835
• Tax year
  2023
• Tax bill
  $17,435

FAQs

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