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    448 Bookcliff Dr Grand Junction, CO 81501

    View on Map
    Sponsored
    For Sale
    $650,000

    MULTI_FAMILY - Ranch - Grand Junction, CO

    Type:Single Family Residence
    Property size:
    4,819 SF
    Lot size:
    0.47 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 5 at 8:06 pm

    Property Features for 448 Bookcliff Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bathroom 2, Basement, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 5, Bathroom 5, Bedroom 1, Bedroom 6
    Bedrooms
    7
    Bathrooms
    5
    APN
    2945-112-10-016
    Parking features
    RV
    Patio and Porch features
    Deck
    Exterior features
    Shed, SprinklerIrrigation
    Appliances
    Dryer, Dishwasher, GasOven, GasRange, Microwave, Refrigerator, Washer
    Size
    4,819 SF
    Lot size
    0.47 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1954
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Hardwood, Carpet, Laminate
    Building materials
    BrickVeneer, WoodSiding, WoodFrame
    Roof type
    Tile
    Architectural style
    Ranch
    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Teri Styers

    REJUVENATION HOMES (970) 270-0805

    Listing agent Teri Styers (970) 270-0805

    Listing date Mar 3, 2026

    MLS# 20260922

    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

    Sprawling Ranch on Oversized Lot

    This property is a ranch on a basement with an oversized lot. The property includes a pond, a large asphalt parking area, an RV gate and pad, and a big deck. The floorplan is suited to a large family, multi-generational living, co-housing options, or a separate basement apartment for additional income. There are 7 conforming bedrooms and 5 bathrooms, including several en suites. Much of the square footage has been updated over the years, but there is an original 1950s retro bath. The lower level has a fully outfitted bar with a lounge area, a second kitchen, and a laundry. There are numerous heated, finished rooms that can be study areas or non-conforming bedrooms. A roomy shed with a riding mower is included. The property is walkable to St. Mary's and 5 minutes from CMU. Bedrooms #5 & #6 on the main floor could be combined to create a main level ADU with its own entrance. Opening the kitchen wall to the living room would create a huge open concept floorplan. The lot size is 0.47 acres and the property size is 4819 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aspen Glen Assisted ... Nursing Home

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.565126
    Latitude
    39.088934

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    FAQs

    What type of property is this?
    Single family property - Ranch with basement, oversized lot, and multi-family potential.
    Where is this single family property located?
    The property is located at 448 Bookcliff Dr Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - 7 conforming bedrooms and 5 bathrooms (including several en suites) offer ample space.; - Versatile floorplan suitable for co-housing, a separate basement apartment for additional income, or a main level ADU.; - **Oversized lot includes a lovely pond, large asphalt parking area, RV gate and pad, and a big deck.**
    (970) 270-0805
    Request Owner's contact information
    448 Bookcliff Dr Grand Junction, CO 81501
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    Grand Junction, CO 81501
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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
    448 Bookcliff Dr Grand Junction, CO 81501
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    We can help!
    Listing Contact
    Teri Styers
    Real Estate License ID: ER100068468
    (970) 270-0805
    Learn more
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