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Cortez, CO Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Cortez, Colorado Market population: 9K. Compare commercial properties across all major asset classes with...

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πŸ“Š Average Cap Rate For Cortez CO Properties: 5.7%

⭐ Featured

Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

πŸ“Š Avg Property Tax Rate For Cortez CO Properties: 0.3800%

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

Investor Questions For Cortez CO

Common questions from investors exploring commercial real estate in Cortez CO.

What's the overall investment potential of Cortez, CO, considering its demographics and economy? +
Cortez, CO, with a population of 8,725 and a median age of 37.4, presents a stable investment market, given its median household income of $43,419 and a relatively high poverty rate of 17.1%, which is somewhat mitigated by an 88.1% health insurance coverage rate, indicating a degree of employment stability and access to healthcare for its residents.
How does the ethnic diversity and industry mix in Cortez impact real estate demand? +
The ethnic diversity in Cortez, with top ethnicities being White (43.1%), White Non-Hispanic (37.3%), and Hispanic (10.5%), combined with its industry mix led by Health Care & Social Assistance, Retail Trade, and Accommodation & Food Services, suggests a varied and potentially resilient demand for housing, considering the different needs and preferences of its multicultural and multi-industry workforce.
What are the implications of Cortez's commute times and health insurance coverage for real estate investors? +
The average commute time of 15.6 minutes in Cortez, primarily driven by individuals who drive alone (74.5%), carpooled (12.3%), or worked from home (6.2%), along with a high health insurance coverage rate of 88.1%, indicates a market with good infrastructure for daily commutes and a relatively stable workforce, which are positive factors for rental property investors looking for reliable tenants.
How do poverty rates and employment statistics influence the quality of tenants in Cortez? +
The 17.1% poverty rate in Cortez, although concerning, is somewhat balanced by an employed population of 3,944 and a strong presence of industries like Health Care & Social Assistance, suggesting that while there may be challenges, there is also a significant portion of the population with stable income sources, which can contribute to a more reliable tenant base for investors.
What insights do the homeownership rate and median property value offer for real estate investment in Cortez? +
With a homeownership rate of 63.2% and a median property value of $193,400, Cortez presents an interesting dynamic for investors, where there is a notable portion of the population already invested in homeownership, potentially leaving room for rental opportunities, especially considering the median gross rent of $844, which can help in assessing the viability of rental income strategies in this market.

Cortez CO Real Estate & City Facts

Key facts and real estate information about Cortez CO.

What are some of the best neighborhoods to live in Cortez? +
Some of the best neighborhoods to live in Cortez include Montezuma Avenue Historic District, Fairway Estates and Golf Course Homes, Southern Bluffs Subdivision, Paradise Village, and Lone Pines. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Cortez? +
Cortez has a lot to offer when it comes to things to do. You can visit the Hovenweep National Monument, explore the Canyons of the Ancients National Monument, or check out the Cortez Cultural Center. If you're looking for outdoor activities, you can hike or ride to archeological sites in Canyons of the Ancients National Monument or visit Mesa Verde National Park. There are also plenty of great restaurants and breweries in the area, like Main Street Brewery & Restaurant, that are worth checking out.
What is the food scene like in Cortez? +
The food scene in Cortez is a mix of Southwestern-inspired dishes, fresh local ingredients, and a variety of cuisines. You can find great restaurants like The Farm Bistro, Shiloh Steakhouse, Destination Grill, Terra Bistro, Nero's Restaurant, Thai Cortez, Stonefish Sushi & More, and Main Street Brewery & Restaurant. There are also plenty of great food trucks and local eateries to try. Overall, Cortez has a lot to offer when it comes to food, and you're sure to find something that suits your taste.
What are the pros and cons of living in Cortez? +
Living in Cortez has its pros and cons. On the plus side, Cortez is a peaceful and rural area with beautiful scenery and a strong sense of community. The cost of living is relatively low, and there are plenty of outdoor activities to enjoy. However, some people may find the area to be too conservative or farming-focused, and there may be limited job opportunities or cultural events. Additionally, some areas in Cortez or nearby towns like Dolores and Mancos may be considered less friendly to outsiders. Overall, it's worth weighing the pros and cons and considering what's important to you before deciding whether Cortez is the right place to live.
Is Cortez a good place to live? +
Whether Cortez is a good place to live depends on your individual preferences and priorities. If you're looking for a peaceful and rural area with a strong sense of community and plenty of outdoor activities, Cortez may be a great fit. However, if you're looking for a more urban or culturally diverse area with plenty of job opportunities, you may want to consider other options. Overall, Cortez has a lot to offer, and it's worth considering if you're looking for a unique and rural lifestyle.

πŸ“Š Average Income For Cortez CO Commercial Property: $43,419

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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