Bed & Breakfast with Detached
For Sale
Contact for pricing
3587 G RD, Palisade, CO 81526
Expanded hospitality property with private baths, outdoor gathering areas, and flexible group lodging capacity.
Property Size4,200 SF
Price / SF$285.71
Days on Market92
Property Features for 3587 G RD
General Information
Standard status
Active
Size
4,200 SF
Class
A
Property subtype
Multifamily, Hospitality, Business for Sale
Zoning
AFT
Amenities
private bathrooms
outdoor entertaining areas
fire pit area
piano
detached guest accommodations
Building Details
Year Built
1960
Year Renovated
2020
Buildings
2
Stories
2
Units
2
Listing Agency:
Century 21
(970) 640-6932
Listed By:
Daniel Bishop · License #ER100070244
Source:
Crexi
Added: Jun 1
Changed: Aug 29
Last Checked: Aug 30 at 5:58PM
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 Century 21
Investment Insights
Based on property information with market context.
This Palisade hospitality property offers 4,200 square feet of space, a potential seven- to eight-bedroom layout, and seven bathrooms. Private bathrooms serve nearly every bedroom, while detached guest accommodations add flexibility for guests, management, or separate premium lodging. Outdoor gathering areas, a fire pit, and an in-home piano support both private stays and hosted events. The property was built in 1960 and carries AFT zoning.
Its Palisade setting places the property near Grand Junction, local wineries, Colorado National Monument, and a range of outdoor recreation, including mountain biking, hiking, rafting, and skiing. The configuration is suited to a bed and breakfast, corporate retreat, event venue, or short-term rental use, subject to applicable requirements.
Its Palisade setting places the property near Grand Junction, local wineries, Colorado National Monument, and a range of outdoor recreation, including mountain biking, hiking, rafting, and skiing. The configuration is suited to a bed and breakfast, corporate retreat, event venue, or short-term rental use, subject to applicable requirements.
Key Highlights
- Potential 7‑8 bedroom, 7 bathroom configuration
- 4200 SF property built in 1960
- Private bathrooms for nearly every bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,358
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,160
$767.2K
Cap Rate 7%
$547,971
$548.0K
Cap Rate 9%
$426,200
$426.2K
Market Conditions
NOI Build-Up for 4,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.6K $18.00/SF
− Vacancy
−$5.9K −$1.40/SF
EGI
$69.7K $16.61/SF
− OpEx
−$31.4K −$7.47/SF
NOI
$38.4K $9.13/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,160
Cap Rate 7%
$547,971
Cap Rate 9%
$426,200
Alternative Uses
Best Use
Apartment 5plus
$548.0K
$479.5K – $639.3K
NOI $38,358 @ 7.0% cap · market cap 3.20%
Second Best
Hotel Hospitality
$205.1K
$179.4K – $239.3K
NOI $14,355 @ 7.0% cap · market cap 1.20%
Theoretical Best
Healthcare Medical
$7.97M
$6.97M – $9.30M
NOI $557,928 @ 7.0% cap · market cap 46.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 81526, CO
5,216
Population
2,573
Households
2
Avg Household Size
49
Median Age
35%
College-Educated
91%
High-School Grad
72.4 sq mi
ZIP Area
72
Density / Sq Mi
$83,316
Median Household Income
$44,646
Median Earnings
$1,219
Median Rent
$449,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vistas and Vineyards B&B — 3587 G Rd, Palisade, CO 81526
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Expanded hospitality property with private baths, outdoor gathering areas, and flexible group lodging capacity.
Where is this bed & breakfast located?
The property is located at 3587 G RD Palisade, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Potential 7‑8 bedroom, 7 bathroom configuration; 4200 SF property built in 1960; Private bathrooms for nearly every bedroom
