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    Jan Kimbrough Miller - The Kimbrough Team, Grand Junction, CO

    License ID: FA100013124
    Years of Experience
    3
    Languages
    English

    Service Locations

    Contact details

    Phone:
    (970) 250-6781
    Office Address:
    120 W PARK DR STE 200, Grand Junction, CO

    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family

    Performance

    Listings
    27
    Total transactions
    494
    Total transactions amount
    $225M
    Price range
    $429.1k - 779.9k
    Average price
    $455k

    Listings

    For Sale (27)

    View map
    • $265,000
      1.48 Acres

      Grand Junction Commercial Land Available

      1.48 acre commercial land parcel in Grand Junction, Colorado.
      3171 Pipe Ct, Grand Junction, CO 81504
      View Details
    • $600,000
      Pending

      Grand Junction Land with Views

      Foreclosed subdivision with stunning views and strong upside potential.
      2740 Sierra Vista Rd, Grand Junction, CO 81503
      View Details
    • $4,750,000
      49.12 Acres

      49+ Acres Mixed Use Land

      49+ acres of mixed-use development land near I-70.
      699 29 Rd, Grand Junction, CO 81504
      View Details
    • $120,000
      Pending

      Land Near Redlands Mesa Golf

      Residential land near golf course with mountain views.
      309 Meridian Loop, Grand Junction, CO 81507
      View Details
    • $1,100,000
      18.40 Acres

      Grand Junction Land Opportunity

      Shovel-ready land with flexible development options in Grand Junction.
      359 29 5/8 Rd, Grand Junction, CO 81504
      View Details
    • $160,000
      0.32 Acres

      Redlands Mesa Golf Course Lot

      Lot with golf passes, views, and community amenities.
      299 Bella Ct, Grand Junction, CO 81507
      View Details
    • $145,000
      0.37 Acres

      Redlands Mesa Golf Course Lot

      Lot with golf course views, ideal for luxury home.
      301 Meridian Loop, Grand Junction, CO 81507
      View Details
    • $499,900
      2,864 SF

      Turnkey Duplex Near Colorado Mesa

      Updated duplex near CMU, ideal for investors or owner-occupants.
      2336 Elm Ave, Grand Junction, CO 81501
      View Details
    • $90,000
      0.28 Acres

      Grand Junction Land with Views

      Residential land with views of Grand Mesa and city lights.
      371 Aiguille Dr, Grand Junction, CO 81507
      View Details
    • $90,000
      0.25 Acres

      Land in Redlands Neighborhood

      Residential land with views near golf and trails.
      373 Aiguille Dr, Grand Junction, CO 81507
      View Details
    • $110,000
      0.26 Acres

      Redlands Home Site with Views

      Affordable luxury home site with stunning views in Grand Junction.
      382 Aiguille Dr, Grand Junction, CO 81507
      View Details
    • $110,000
      0.26 Acres

      Redlands Home Site with Views

      Residential land with views near golf and trails.
      367 Hidden Ct, Grand Junction, CO 81507
      View Details
    • $120,000
      0.27 Acres

      Grand Junction Land with Views

      Residential land offering views of Grand Mesa and city lights.
      365 Hidden Ct, Grand Junction, CO 81507
      View Details
    • $194,000
      0.24 Acres

      Grand Junction Land with Views

      Redlands home sites with views of Grand Mesa.
      2410 Talus Ct, Grand Junction, CO 81507
      View Details
    • $135,000
      0.38 Acres

      Grand Junction Land with Views

      Residential land offers views of Grand Mesa and city lights.
      2407 Talus Ct, Grand Junction, CO 81507
      View Details
    • $110,000
      0.29 Acres

      Grand Junction Land with Views

      Residential land with views of Grand Mesa and city lights.
      384 Aiguille Dr, Grand Junction, CO 81507
      View Details
    • $165,000
      0.24 Acres

      Grand Junction Land with Views

      Residential land with views of Grand Mesa and city lights.
      2404 Spire Ct, Grand Junction, CO 81507
      View Details
    • $135,000
      0.27 Acres

      Grand Junction Land with Views

      Redlands home site with mountain and city views.
      379 Elysium Dr, Grand Junction, CO 81507
      View Details
    • $135,000
      0.51 Acres

      Redlands Home Site with Views

      Luxury home site with views near golf and trails.
      380 Elysium Dr, Grand Junction, CO 81507
      View Details
    • $165,000
      0.72 Acres

      Grand Junction Land with Views

      Residential land offers views and access to amenities.
      360 Hidden Ct, Grand Junction, CO 81507
      View Details
    • $165,000
      0.50 Acres

      Grand Junction Land with Views

      Residential land with views of Grand Mesa and city lights.
      377 Elysium Dr, Grand Junction, CO 81507
      View Details
    • $98,000
      0.25 Acres

      Redlands Land with Mountain Views

      Affordable luxury home sites with breathtaking views in Grand Junction.
      382 Elysium Dr, Grand Junction, CO 81507
      View Details
    • $110,000
      0.24 Acres

      Grand Junction Land with Views

      Residential land with views of Grand Mesa and city lights.
      381 Elysium Dr, Grand Junction, CO 81507
      View Details
    • $165,000
      0.59 Acres

      Grand Junction Land with Views

      Residential land offers views and access to amenities in Grand Junction.
      361 Hidden Ct, Grand Junction, CO 81507
      View Details
    • $135,000
      0.26 Acres

      Redlands Home Site with Views

      Affordable luxury home site with views near Grand Mesa.
      363 Hidden Ct, Grand Junction, CO 81507
      View Details
    • $110,000
      0.25 Acres

      Land in Redlands Neighborhood

      Residential land with views near golf and trails.
      368 Hidden Ct, Grand Junction, CO 81507
      View Details
    • $110,000
      0.31 Acres

      Grand Junction Land with Views

      Land with views near golf, trails, and downtown.
      386 Aiguille Dr, Grand Junction, CO 81507
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Jan Kimbrough Miller - The Kimbrough Team, Grand Junction, CO
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Jan Kimbrough Miller - The Kimbrough Team, Grand Junction, CO
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