620 11thMontrose, CO 81401

  • Apartment buildings
  • 8,640 SF
Off market
$3,593,750 Estimated

Property Details for 620 11th

Year built
1978
Construction
WOOD
Lot size
0.36 AC
Property size (Sq ft)
8,640 SF
Property type
Apartment buildings
APN
3767-341-15-002
APU
376734115002

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,196,350
    6.5%
    $2,027,400
    7%
    $1,882,580
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,057,200
    Geo Method
    $835,189
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,231,540
    Retail / Commercial
    $1,664,710
    Mixed-Use / Specialty
    $1,664,760
    Hospitality / Lodging
    $1,229,170
    Office
    $1,661,100
    Institutional / Educational
    $1,732,820
    Multifamily
    $2,398,380
    Automotive / Energy
    $1,485,270
    Parking / Income-Based Land
    $506,638
    Restaurant / Food Service
    $878,626
    Healthcare / Senior Housing
    $1,701,040

Location Insight

City
Montrose
County
Montrose
State
Colorado
Latitude
38.4726
Longitude
-107.864
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
$3,704
$6,800
$52,190
$58,990
-
$100,000
$767,470
$867,470

FAQs

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