Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    380 Elysium Dr Grand Junction, CO 81507

    Sponsored
    For Sale
    $135,000

    LAND - Grand Junction, CO

    Type:Single Family Residence
    Lot size:
    0.51 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 25 at 3:06 pm

    Property Features for 380 Elysium Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    2945-212-25-051
    Lot size
    0.51 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Jan Kimbrough Miller - The Kimbrough Team
    Jan Kimbrough Miller - The Kimbrough Team

    THE AGENCY GRAND JUNCTION (970) 250-6781

    Listing agent Jan Kimbrough Miller - The Kimbrough Team (970) 250-6781

    Listing date Feb 17, 2026

    MLS# 20260691

    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

    Redlands Home Site with Views

    Located in the Redlands area of Grand Junction, this property presents an opportunity to acquire a home site with views of the Grand Mesa, Colorado National Monument, and city lights. Situated in a newer neighborhood with no through traffic, the lot is positioned to maximize the surrounding scenery. The location provides access to the Redlands Mesa Golf Course, Lunch Loop Trailhead, the Colorado Riverfront Trail, and downtown Grand Junction. The 0.51-acre lot can accommodate a range of home designs, from single-level ranches to multi-story custom homes. Special financing options are available, including lot-only or lot + build packages.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.603779
    Latitude
    39.059891

    Nearby Similar for Sale

    • $1,200,000
      Pending

      Downtown Grand Junction Restaurant Opportunity

      Updated restaurant with expansion potential in downtown Grand Junction.
      626 Rood Ave, Grand Junction, CO 81501
      View Details
    • $1,750,000

      Retail Center with Car Wash

      High-visibility retail center with car wash in Grand Junction, CO.
      216 And Carwash, Grand Junction, CO 81501
      View Details
    • $1,150,000

      Grand Junction Commercial Investment Opportunity

      Commercial property with a 7.6% cap rate in Grand Junction.
      507 Fruitvale Ct, Grand Junction, CO 81504
      View Details
    • $2,575,000
      10,321 SF

      New Construction Townhomes in Grand Junction

      Five modern townhomes with quality finishes and incredible views.
      588 N Grand Falls Ct, Grand Junction, CO 81501
      View Details
    • $695,000

      Grand Junction Duplex Investment Opportunity

      Duplex with excellent rental history, built in 2006.
      3006-1/2 4B, Grand Junction, CO 81504
      View Details
    • $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
    • $125,000
      Pending

      Grand Junction Triplex Development Opportunity

      Triplex lots near college and medical facilities in Grand Junction.
      1775 Wellington Ave, Grand Junction, CO 81501
      View Details
    • $1,980,000
      7,380 SF

      New Construction Investment Property

      Five new construction townhomes, fully rented, energy efficient.
      2773 Caspian Way, Grand Junction, CO 81503
      View Details
    • $275,000
      1,500 SF

      Highway 6 & 50 Commercial Condo

      Grand Junction, CO Office/Retail Investment
      2493 Hwy, Grand Junction, CO 81505
      View Details
    • $2,390,000

      Medical Office Investment Opportunity

      Medical office for sale with leaseback in Grand Junction.
      2460 And 4A, Grand Junction, CO 81505
      View Details
    • $375,000
      6,185 SF

      Grand Junction Warehouse: Prime Location

      6,185 SF Warehouse Condo - Vacant
      0 23 1/10 Rd, Grand Junction, CO 81505
      View Details
    • Contact for pricing
      1,412 SF

      Redlands Sand Cliff Townhome

      Rare opportunity: well-maintained townhome with mature landscaping and private patio.
      395 Sand Cliff Ct, Grand Junction, CO 81507
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Affordable luxury home site with stunning views in Grand Junction.
    Where is this residential land & home lot located?
    The property is located at 380 Elysium Dr Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Breathtaking views of Grand Mesa, Colorado National Monument, and city lights.; - Located in a quiet, newer neighborhood with no through traffic.; - Affordably priced luxury home sites.
    (970) 250-6781
    Request Owner's contact information
    380 Elysium Dr Grand Junction, CO 81507
    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.
    380 Elysium Dr
    Grand Junction, CO 81507
    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.

    More about this property
    380 Elysium Dr Grand Junction, CO 81507
    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

    We can help!
    Listing Contact
    Jan Kimbrough Miller - The Kimbrough Team
    Jan Kimbrough Miller - The Kimbrough Team
    Real Estate License ID: 100013124
    (970) 250-6781 (800) 468-7345 (970) 263-7355
    Learn more
    Google sign-in failed. Please try again or use another login method.