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    Greenhouse and Office Complex Title is generated by Realmo AI

    3281 C Rd, Palisade, CO 81526

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    For Sale
    $2,000,000

    Large greenhouse facility with office space, individualized growing zones, and temperature monitoring systems for an owner/operator reset.

    Type:Land
    Property size:
    87,000 SF
    Lot size:
    18.00 Acres
    Price / SF:
    $22/SF
    Added:
    Nov 18, 2025
    Days on Market:
    201
    Last Refresh:
    Jun 7 at 1:48 am

    Property Features for 3281 C Rd

    General Information

    Standard status
    Active
    Size
    87,000 SF
    Lot size
    18.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeptha Sheene
    Jeptha Sheene

    Listing agent Jeptha Sheene License #40031464

    Listing office Compass Colorado, LLC - Boulder

    Listing date Nov 18, 2025

    Source Exprealty

    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 Compass Colorado, LLC - Boulder

    HighLights

    • Nexus‑built greenhouse facility established in 1988 with 87,000+ SF of greenhouse space
    • Includes commercial building with office and break room, plus individually controlled greenhouse growing zones
    • Cooling system features water walls throughout the building
    • Temperature monitoring includes an alarm system for high/low temperatures, with a backup generator for power/boiler and water
    • Property includes additional storage buildings and three manufactured homes for employees/owners
    • 18‑acre property in Palisade, Colorado; adjacent 20‑acre parcel (273 33rd Rd, Palisade) available if additional acreage is desired

    Overview

    This property features a greenhouse operation established in 1988, with a Nexus-built greenhouse totaling 87,000+ square feet plus an attached commercial building that includes office space and a break room. The greenhouse includes multiple individually controlled greenhouses, with water walls used throughout the building for cooling. Additional described amenities include an Echo hanging basket watering system (pulley operated), along with a sophisticated alarm system designed to alert for high/low temperatures and a backup generator supporting the power/boiler system and water. The sale is strictly “AS IS,” with the current condition suited to complete renovation or a new build tailored to the buyer’s plans.

    Located in Palisade, Colorado, the property sits on an 18-acre site. The remarks note Palisade’s identification as the Peach and Wine Capital of Colorado, along with a temperate Western Slope climate and views from East Orchard Mesa overlooking the area. The site also includes additional storage buildings and three manufactured homes for employees and/or owners.

    For tenants, buyers, and operators, this setup can support on-site management through the included office and manufactured homes, while the storage buildings can help accommodate tools, supplies, and operations. The combination of individualized greenhouse zones and environmental monitoring equipment may also support businesses seeking a controlled growing environment, subject to renovation or modernization decisions. An adjacent 20-acre parcel at 273 33rd Rd in Palisade is available if additional acreage is desired.
    Location Intelligence

    Current Use by Public Records

    Orchard Mesa Greenhouse Garden Center

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Food Market Grocery & Convenience Store Garden Center Home Appliance Store Plumbing Service Florist Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Palisade
    County
    Mesa
    State
    Colorado
    Longitude
    -108.4448564
    Latitude
    39.0479767

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    FAQs

    What type of property is this?
    Farm - Large greenhouse facility with office space, individualized growing zones, and temperature monitoring systems for an owner/operator reset.
    Where is this farm located?
    The property is located at 3281 C Rd Palisade, CO.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Nexus‑built greenhouse facility established in 1988 with 87,000+ SF of greenhouse space; Includes commercial building with office and break room, plus individually controlled greenhouse growing zones; Cooling system features water walls throughout the building
    (303) 881-4147
    We can help!
    Listing Contact
    Jeptha Sheene
    Jeptha Sheene
    Real Estate License ID: 40031464
    Learn More
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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.

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