Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Ray Rickard, Grand Junction, CO

    License ID: EA1044695
    Years of Experience
    15
    Languages
    English
    Association
    Grand Junction Area Realtor Association

    Service Locations

    Contact details

    Phone:
    (970) 250-1128
    Office Address:
    120 W PARK DR STE 200, Grand Junction, CO

    Property Types

    • Commercial Lease
    • Commercial Sale

    Performance

    Listings
    15
    Total transactions
    166
    Total transactions amount
    $89M
    Price range
    $357k - 804k
    Average price
    $536k

    Listings

    For Sale (7)

    View map
    • $600,000
      1.08 Acres

      Commercial Land in High-Traffic Area

      Commercial corner lot in Clifton, Colorado, with B-2 zoning.
      416 32 Rd, Clifton, CO 81520
      View Details
    • $1,247,000
      7.61 Acres

      Fruita Commercial Zoned Land

      Commercial land in Fruita with potential for various uses.
      1232 Greenway Dr, Fruita, CO 81521
      View Details
    • $1,952,352
      2.49 Acres

      Grand Junction Commercial Land For Sale

      Commercial land for sale in Grand Junction, Colorado.
      2358 G Rd, Grand Junction, CO 81505
      View Details
    • $1,944,522
      2.48 Acres

      Grand Junction Commercial Land Opportunity

      Shovel-ready commercial land near hospital, ideal for diverse development.
      2370 G Rd, Grand Junction, CO 81505
      View Details
    • $1,952,352
      2.49 Acres

      Grand Junction Commercial Land Opportunity

      Commercial land for sale in Grand Junction, Colorado.
      2364 G Rd, Grand Junction, CO 81505
      View Details
    • $11,000,000
      68.20 Acres

      Grand Junction Planned Development Land

      70 acre planned development land in Grand Junction, Colorado.
      789 23 Rd, Grand Junction, CO 81505
      View Details
    • $1,717,128
      2.19 Acres

      Grand Junction Commercial Land Opportunity

      Shovel-ready commercial lots near hospital and I-70.
      2352 G Rd, Grand Junction, CO 81505
      View Details

    For Lease (8)

    View map
    • $9,662 /Mo
      9,662 SF

      Grand Junction Industrial Condo Available

      Industrial condo with office space, fenced yard, and three doors.
      1199 Winters Ave, Grand Junction, CO 81501
      View Details
    • $1,752 /Mo
      6,004 SF

      Grand Junction Office Space Available

      Second-level office space with multiple offices overlooking Main Street.
      326 Main St, Grand Junction, CO 81501
      View Details
    • $3,750 /Mo
      45,264 SF

      Grand Junction Office Space Available

      2,250 SF office space near St. Mary's Hospital.
      120 W Park Dr, Grand Junction, CO 81505
      View Details
    • $5,500 /Mo
      17,037 SF

      Spacious Office Near Mesa Mall

      Corner office space with easy access to amenities and highways.
      2452 Patterson Rd, Grand Junction, CO 81505
      View Details
    • $4,375 /Mo
      9,260 SF

      New Retail/Restaurant Space Available

      Prime new-build restaurant/retail space for lease in Grand Junction.
      201 S 6Th St, Grand Junction, CO 81501
      View Details
    • $3,000 /Mo
      16,786 SF

      Downtown Grand Junction Mercantile Building Space

      Spacious lower-level commercial space suitable for various business types.
      546 Main St, Grand Junction, CO 81501
      View Details
    • $1,700 /Mo
      16,786 SF

      Mercantile Building Office Space

      Office space in the heart of Grand Junction.
      546 Main St, Grand Junction, CO 81501
      View Details
    • $590 /Mo
      16,410 SF

      Downtown Grand Junction Office Space

      Second-floor office space with shared conference room and parking.
      326 Main St, Grand Junction, CO 81502
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    Web Page
    View other agents
    in the same area
    Request Owner's contact information
    Ray Rickard, Grand Junction, CO
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Send Message to
    Ray Rickard, Grand Junction, CO
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    (970) 250-1128
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.