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Financial
Distress signals
Property profile

546 Main St Grand Junction, CO 81501

FOR LEASE
Hotels
Property ID
US13-0750571
19,741 SF 0.14 ac lot Built 1929
Last sale Feb 2019 · $912,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located in downtown Grand Junction, the property is a commercial space within the historic Mercantile Building. The lower level contains a large open floor plan intended to accommodate multiple uses, including office configurations with private conferencing areas, gym or exercise uses, event space for approximately 50 to 75 people, and classroom space for training or testing. Entry is provided from the main lobby via an impressive stairway, and the property allows for outdoor signage with assistance.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$250k
Assessed land$63k
Assessed improvement$187k
Effective rate7.97%

Value estimate

· Oct 2026
$350k
$315k – $385k
CAP approach$1.04M
NOI build-up
Gross scheduled income$302k
Vacancy & credit loss−$91k
Operating expenses−$53k
NOI · 5,287.60% cap applied$159k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$128/SF
Submarket average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$47 – $208

Cap rate analysis

How does the asset earn?
5,287.60%
$159k 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?
B-2
JurisdictionMESA

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service10.2
Food Market9.9
Locksmith9.7

Location

546 Main St Grand Junction, CO 81501
County assessor Recorded deeds · 9 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1005 12th, Grand Junction, CO 81501-3109 $975,000 Apr 2025 11,815 SF
519 Main, Grand Junction, CO 81501-2607 $2,000,000 Aug 2024 23,374 SF
124 22nd, Grand Junction, CO 81501-8055 $550,000 Sep 2023 11,980 SF
336 Main, Grand Junction, CO 81501-2458 $1,725,000 Aug 2022 21,842 SF
1119 1st, Grand Junction, CO 81501-2176 $2,000,000 Apr 2022 23,314 SF
1810 Nn, Grand Junction, CO 81501-6424 $1,293,000 Aug 2021 20,356 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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