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    The Largest CRE Database in the US with Over 1 Million Listings

    Kyle Serrano, Grand Junction, CO

    License ID: FA100075682
    Years of Experience
    7
    Association
    Grand Junction Area Realtor Association

    Service Locations

    Contact details

    Phone:
    (970) 778-0796
    Office Address:
    2458 I-70 BUSINESS LOOP STE 1, Grand Junction, CO

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Residential Multi Family

    Performance

    Listings
    20
    Total transactions
    76
    Total transactions amount
    $41M
    Price range
    $359k - 809k
    Average price
    $539k

    Listings

    For Sale (10)

    View map
    • New
      $990,000
      3,520 SF

      Grand Junction Multifamily Plus Commercial Opportunity

      Multifamily and commercial property with redevelopment potential in Grand Junction.
      2718 Patterson Rd, Grand Junction, CO 81506
      View Details
    • New
      $990,000
      4,960 SF

      Grand Junction Mixed-Use Development Opportunity

      Commercial office, 4-plex on 0.89 acres with development potential.
      2718 Patterson Rd, Grand Junction, CO 81506
      View Details
    • $1,770,000

      New Castle Investment Property

      Commercial and multi-family investment property in New Castle, Colorado.
      502 W Main St, New Castle, CO 81647
      View Details
    • $1,350,000
      0.50 Acres

      Prime Commercial Pad Site

      0.5 acre commercial land with high visibility on Hwy 6&50.
      2495 Hwy, Grand Junction, CO 81505
      View Details
    • $1,500,000
      0.50 Acres

      Commercial Pad Site on Highway

      0.5 acre commercial land with high visibility and traffic.
      2497 Hwy, Grand Junction, CO 81505
      View Details
    • $3,000,000
      1.82 Acres

      Highway Commercial Land Opportunity

      1.82 acres of commercial land with high visibility.
      2497 2495 2492 Hwy, Grand Junction, CO 81505
      View Details
    • $3,595,000

      Rifle Commercial NNN Investment Property

      New warehouse investment property with 6% cap rate.
      1944 Airport Rd, Rifle, CO 81650
      View Details
    • $785,000
      6,400 SF

      Warehouse with Office/Retail Storefront

      Commercial warehouse with office/retail space near downtown Grand Junction.
      804 Noland Ave, Grand Junction, CO 81501
      View Details
    • $200,000

      Established Pizzeria in Downtown

      Long-standing pizzeria with loyal customer base and liquor license.
      119 N 7Th St, Grand Junction, CO 81501
      View Details
    • $750,000

      Commercial Development Lots on Hwy 50

      Two commercial lots totaling 2.02 acres near Hwy 50.
      227 Lynwood Ct, Grand Junction, CO
      View Details

    For Lease (10)

    View map
    • $2,250 /Mo
      43,109 SF

      Grand Junction Office Space Available

      Remodeled office space near the airport with gym access.
      2768 210, Grand Junction, CO 81506
      View Details
    • $1,000 /Mo
      43,109 SF

      Remodeled Office Space For Rent

      Recently remodeled office space with elevator access and natural light.
      2768 Compass Dr, Grand Junction, CO 81506
      View Details
    • $4,900 /Mo
      43,109 SF

      Remodeled Office Space Near Airport

      Remodeled office space with gym access near Grand Junction Airport.
      2768 Compass Dr, Grand Junction, CO 81506
      View Details
    • $7,599 /Mo
      43,109 SF

      Remodeled Office Space Available

      Recently remodeled office space with elevator access and natural light.
      2768 210, Grand Junction, CO 81506
      View Details
    • $5,000 /Mo
      752 SF

      Retail Space on Highway 6&50

      Commercial lot with office/retail building for lease.
      2497 2495 Hwy, Grand Junction, CO 81505
      View Details
    • $3,650 /Mo
      14,024 SF

      New Warehouse Space in Rifle

      New warehouse space for lease with great access and visibility.
      1944 Airport Rd, Rifle, CO 81650
      View Details
    • New
      $995 /Mo
      Pending

      Grand Junction Commercial Office/Retail Space

      Commercial office and retail units available in Grand Junction, Colorado.
      1460 North Ave, Grand Junction, CO 81507
      View Details
    • New
      $745 /Mo
      Pending

      Grand Junction Commercial Office/Retail Space

      Commercial office and retail units available in Grand Junction, Colorado.
      1460 North Ave, Grand Junction, CO 81507
      View Details
    • New
      $595 /Mo
      Pending

      Grand Junction Commercial Office/Retail Space

      Commercial office and retail units available in Grand Junction, Colorado.
      1460 North Ave, Grand Junction, CO 81507
      View Details
    • $750,000
      6,051 SF

      Fruita Warehouse and Office Space

      Warehouse and office space for lease in Fruita, Colorado.
      743 Hwy, Fruita, CO
      View Details

    Leases and Sales on Map

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    • For Lease

    Properties for sale

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    Kyle Serrano, 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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    Kyle Serrano, Grand Junction, CO
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