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Financial
Distress signals
Property profile

1048 Independent Ave Grand Junction, CO 81505

FOR SALE
Office buildings
Property ID
US13-0878599
38,832 SF 4.04 ac lot Built 1982
Last sale Nov 2025 · $5,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This end-cap retail/commercial unit is located in Grand Junction, Colorado, and contains 1,528 square feet. The interior layout includes an open or flex area, two private offices, a break room, and a storage closet with washer/dryer capability. The unit also provides two private restrooms. Interior finishes include LVP flooring throughout, and the space includes ample natural light.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$84k
Tax billed · 2023
Assessed value$1.19M
Assessed land$122k
Assessed improvement$1.06M
Effective rate7.07%

Value estimate

· Oct 2026
$4.68M
$4.21M – $5.15M
AI approach$4.68M
CAP approach$6.02M
Submarket $/SF estimate$3.69M
NOI build-up
Gross scheduled income$807k
Vacancy & credit loss−$48k
Operating expenses−$228k
NOI · 5.58% cap applied$531k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$140/SF
Submarket average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$90 – $199

Cap rate analysis

How does the asset earn?
5.58%
$531k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionMESA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.3
Hotel & Motel10.5
Grocery Store10.1

Location

1048 Independent Ave Grand Junction, CO 81505
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 15 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2464 Patterson, Grand Junction, CO 81505-3601 $1,475,000 Apr 2022 6,821 SF
106 Lorey, Grand Junction, CO 81505-7032 $697,000 Apr 2022 2,838 SF
786 Vly, Grand Junction, CO 81505-9714 $285,000 Jun 2019 5,689 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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