Duplex Property with RM-8
For Sale
$250,000
1102 Santa Clara Avenue, Grand Junction, CO 81503
The existing home offers a renovation option, with RM-8 zoning also noted for multifamily development.
Property Size912 SF
Price / SF$274.12
Days on Market273
Property Features for 1102 Santa Clara Avenue
General Information
Standard status
Active
Size
912 SF
Property subtype
Duplex
Zoning
RM-8
Taxes and HOA fees
Annual Taxes
$991
Building Details
Building Size
912 SF
Year Built
1946
Listing Agency:
BRAY REAL ESTATE
Listed By:
BRIAN DONALDSON
(970) 773-6243
Source:
Thevangundygroup
Added: Feb 3
Changed: Nov 1
Last Checked: Nov 1 at 3:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRAY REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1946, this 912-square-foot home is presented as a renovation candidate. The property is zoned RM-8, and the listing identifies redevelopment for multifamily use as another possibility.
The address is 1102 Santa Clara Avenue in Grand Junction. Downtown, schools, and shopping are cited as accessible destinations.
The address is 1102 Santa Clara Avenue in Grand Junction. Downtown, schools, and shopping are cited as accessible destinations.
Key Highlights
- 912‑square‑foot home built in 1946
- RM‑8 zoning
- Downtown, schools, and shopping are accessible from the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,070
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,400
$181.4K
Cap Rate 7%
$129,571
$129.6K
Cap Rate 9%
$100,778
$100.8K
Market Conditions
NOI Build-Up for 912 SF
Gross rent
$14.0K $15.36/SF
− Vacancy
−$1.1K −$1.15/SF
EGI
$13.0K $14.21/SF
− OpEx
−$3.9K −$4.26/SF
NOI
$9.1K $9.95/SF
Area
Mesa County, CO
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,400
Cap Rate 7%
$129,571
Cap Rate 9%
$100,778
Alternative Uses
Best Use
Multifamily LT 5
$129.6K
$113.4K – $151.2K
NOI $9,070 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$119.0K
$104.1K – $138.8K
NOI $8,329 @ 7.0% cap · market cap 3.33%
Theoretical Best
Healthcare Medical
$1.73M
$1.51M – $2.02M
NOI $121,150 @ 7.0% cap · market cap 48.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 81503, CO
16,121
Population
6,567
Households
2.5
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
22.0 sq mi
ZIP Area
733
Density / Sq Mi
$71,681
Median Household Income
$36,918
Median Earnings
$1,015
Median Rent
$307,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The existing home offers a renovation option, with RM-8 zoning also noted for multifamily development.
Where is this duplex located?
The property is located at 1102 Santa Clara Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 912‑square‑foot home built in 1946; RM‑8 zoning; Downtown, schools, and shopping are accessible from the property
