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    215 Shadow Mesa St, Unit unit And More Grand Junction, CO 81503

    View on Map
    Sponsored
    For Sale
    $1,700,000

    MULTI_FAMILY - Ranch - Grand Junction, CO

    Type:Single Family Residence
    Property size:
    6,159 SF
    Lot size:
    0.11 Acres
    Days on Market:
    124
    Last Refresh:
    Mar 29 at 8:06 am

    Property Features for 215 Shadow Mesa St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 8, Bathroom 7, Bedroom 3, Bathroom 5, Bedroom 5, Bedroom 9, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 7, Bathroom 3, Bathroom 4, Bathroom 6, Bathroom 8, Bedroom 1
    Bedrooms
    9
    Bathrooms
    8
    APN
    2945-253-50-040
    Parking features
    Open
    Patio and Porch features
    Patio
    Pets allowed
    Yes
    Interior features
    GraniteCounters, Pantry, WalkInClosets, WalkInShower, WindowTreatments, ProgrammableThermostat
    Appliances
    Dishwasher, ElectricOven, ElectricRange, Disposal, Microwave, Refrigerator
    Size
    6,159 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump, Central Air, Whole House Fan
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Vinyl, Carpet
    Building materials
    Stucco, WoodFrame
    Roof type
    Asphalt, Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Wendi Gechter
    Wendi Gechter

    BOA Properties LLC

    Listing agent Wendi Gechter

    Listing date Nov 25, 2025

    MLS# 20255475 Listing URL

    Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Four Single-Family Investment Homes

    This listing features four single-family homes offered as investment properties. All homes are currently long-term rentals and were constructed within the last 2-3 years. The properties include: 215 Shadow Mesa St., a 2-bedroom, 2-bathroom home with a 1-car garage and 1544 square feet; 2747 Storm Ave., a 2-bedroom, 2-bathroom home with a 1-car garage and 1469 square feet; 2745 Eclipse Ave., a 3-bedroom, 2-bathroom home with a 2-car garage and 1631 square feet; and 221 Shadow Mesa St., a 2-bedroom, 2-bathroom home with a 1-car garage and 1515 square feet. Each property has an individual deed. Leases are in place until mid-2026. Tenants are responsible for electric, water, and sewer expenses. The HOA covers front yard landscaping, fiber internet, trash removal, and snow removal for a monthly fee of $130 per property. The total property size is 6159 square feet, situated on a lot of approximately 0.11 acres. These turnkey properties may be suitable for investors looking to offset high income taxes. Documents, rents, and leases are available upon request for serious buyers. The virtual tour showcases 221 Shadow Mesa St., which is the same model as 215 Shadow Mesa St.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.544024
    Latitude
    39.036409

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    FAQs

    What type of property is this?
    Single family property - Four modern homes in Grand Junction, fully leased until 2026.
    Where is this single family property located?
    The property is located at 215 Shadow Mesa St, Unit unit And More Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Four single-family homes offered as investment properties, providing immediate rental income.; - All properties are currently leased until mid-2026, ensuring a steady cash flow.; - Low-maintenance investment: HOA covers front yard landscaping, fiber internet, trash, and snow removal for $130/month/property.
    (970) 216-5912
    Request Owner's contact information
    215 Shadow Mesa St, Unit unit And More Grand Junction, CO 81503
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    Grand Junction, CO 81503
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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.

    More about this property
    215 Shadow Mesa St, Unit unit And More Grand Junction, CO 81503
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    We can help!
    Listing Contact
    Wendi Gechter
    Wendi Gechter
    Real Estate License ID: FA100083993
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