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    511 29 Rd Grand Junction, CO 81501

    Pending
    For Sale
    $315,900

    LAND - Grand Junction, CO

    Lot size:
    0.89 Acres
    Days on Market:
    317
    Last Refresh:
    Dec 8 at 3:06 pm

    Property Features for 511 29 Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    2943-074-25-001
    Lot size
    0.89 Acres

    Utilities

    Water source
    Public

    STUDT REALTY, LLC/MB (970) 424-5000

    Listing agent Michelle Renstrom (970) 216-3950

    Listing date Jan 26, 2025

    Overview

    Grand Junction Building Lot Opportunity

    This 0.89-acre building lot is zoned R-8 and includes utilities already on the property, along with 2 shares of irrigation water. The R-8 zoning allows for the construction of up to 4 units or a 3-story apartment building, or a new residential property. The cleared lot offers a multiple housing opportunity in a location that provides easy access around town and is close to amenities. This property is suitable for builders and investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.515609
    Latitude
    39.07891434

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    FAQs

    What type of property is this?
    Land - Cleared lot with utilities, irrigation, and multi-unit potential.
    Where is this land located?
    The property is located at 511 29 Rd Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $315,900.
    What are key features of this property?
    This property features: - Zoned R-8, **allowing for multiple housing options** (up to 4 units or a 3-story apartment building).; - Utilities are already on the property.; - Includes 2 shares of irrigation water.
    (970) 216-3950
    Request Owner's contact information
    511 29 Rd Grand Junction, CO 81501
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    Grand Junction, CO 81501
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    Realmo Value Estimation

    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.

    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.

    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
    511 29 Rd Grand Junction, CO 81501
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