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    2772 Caspian Way, Unit unit A And More Grand Junction, CO 81503

    Sponsored
    For Sale
    $4,243,000

    MULTI_FAMILY - Ranch - Grand Junction, CO

    Type:Single Family Residence
    Property size:
    14,254 SF
    Days on Market:
    1
    Last Refresh:
    Feb 3 at 8:06 pm

    Property Features for 2772 Caspian Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bedroom 35, Bathroom 17, Bathroom 8, Bedroom 10, Bedroom 27, Bedroom 7, Bedroom 12, Bathroom 23, Bedroom 23, Bathroom 16, Bedroom 25, Bathroom 18, Bathroom 10, Bathroom 11, Bedroom 8, Bedroom 28, Bathroom 19, Bathroom 31, Bedroom 33, Bathroom 1, Bedroom 24, Bathroom 15, Bathroom 26, Bedroom 21, Bathroom 6, Bathroom 29, Bedroom 18, Bathroom 25, Bathroom 32, Bedroom 29, Bathroom 7, Bedroom 30, Bathroom 13, Bathroom 33, Bedroom 31, Bathroom 22, Bathroom 27, Bedroom 16, Bathroom 2, Bedroom 15, Bedroom 22, Bathroom 20, Bedroom 2, Bedroom 14, Bedroom 17, Bathroom 14, Bathroom 3, Bathroom 30, Bedroom 34, Bedroom 19, Bathroom 9, Bedroom 26, Bathroom 24, Bedroom 20, Bathroom 12, Bedroom 13, Bedroom 32, Bathroom 4, Bathroom 5, Bedroom 5, Bathroom 21, Bedroom 4, Bathroom 28, Bedroom 6, Bedroom 9, Bedroom 3, Bedroom 11, Bedroom 1
    Bedrooms
    35
    Bathrooms
    33
    APN
    2945-254-45-022
    Parking features
    Driveway, Open
    Interior features
    CeilingFans, Pantry, SolidSurfaceCounters, WalkInClosets, WindowTreatments, ProgrammableThermostat
    Exterior features
    SprinklerIrrigation
    Appliances
    Dryer, Dishwasher, ElectricOven, ElectricRange, Disposal, Microwave, Refrigerator, Washer
    Size
    14,254 SF

    Utilities

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

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    11
    Flooring type
    Vinyl, Carpet
    Building materials
    Stucco, WoodFrame
    Roof type
    Composition, Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Wendi Gechter

    BOA Properties LLC (970) 216-5912

    Listing agent Wendi Gechter (970) 408-0014

    Listing date Feb 3, 2026

    MLS# 20260430

    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

    New Construction Townhome Investment Opportunity

    This listing presents an opportunity to acquire 11 townhome units at Meridian Park on Orchard Mesa. These new construction homes feature 3 bedrooms, 2.5 baths, and 1 or 2-car garages. As a turnkey investment, all units are currently rented. Tenants are responsible for electric, water, and sewer utilities. The Homeowners Association (HOA) covers landscaping, fiber internet, trash removal, and snow removal, with HOA fees at $100 per unit per month. Each unit is individually deeded. These HERS-rated homes have multiple energy certifications, offering comfortable living with low utility costs, averaging $100 per month, and energy efficiency. Dedicated fiber internet is available to each townhome. Documents, rents, and leases are available upon request. The properties are noted for their design and appeal. The total property size is 14254 square feet. The offer price reflects a discount for all 11 units based on appraisals. Note that 5 of the 11 units are also part of MLS 20253111.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.53817
    Latitude
    39.040842

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    FAQs

    What type of property is this?
    Apartment building - Eleven turnkey townhome units in Grand Junction, all currently rented.
    Where is this apartment building located?
    The property is located at 2772 Caspian Way, Unit unit A And More Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $4,243,000.
    What are key features of this property?
    This property features: - Turnkey investment: 11 new construction townhomes, all currently rented.; - Significant discount offered on the price of all 11 units.; - Low maintenance: HOA covers landscaping, fiber internet, trash, and snow removal for $100/month/unit.
    (970) 408-0014
    Request Owner's contact information
    2772 Caspian Way, Unit unit A 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
    2772 Caspian Way, Unit unit A And More Grand Junction, CO 81503
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    We can help!
    Listing Contact
    Wendi Gechter
    (970) 408-0014
    Learn more
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