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    Property profile & analytics

    1041 River Rd Palisade, CO 81526

    • Warehouses
    • 9,198 SF
    • 3.95 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Last Sale
    May 14, 2024
    $700,000
    Location Intelligence
    Property ID
    US13-2646696
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1041 River Rd

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    3.95 lot acres
    Property size
    9,198 SF
    Zone code
    CB
    Property type
    Warehouses
    APN
    2937-101-04-002
    APU
    293710104002

    Description

    This exceptional 3.95-acre commercial property in Palisade, Colorado, presents a unique investment opportunity. The complex boasts an impressive 109,198 square feet of space, including 100,000 square feet of greenhouse area ideal for large-scale cultivation. Heating is ensured by a primary boiler with a backup system, while cooling is efficiently managed by evaporative coolers. A recent $240,000 electrical upgrade provides reliable 3-phase power, enhancing operational efficiency. Beyond the greenhouses, the property includes a substantial 9,198 square foot warehouse, providing ample storage and processing space. Strategic fencing and a guard house enhance security, while dedicated office space offers administrative convenience. Located in the business-friendly environment of Palisade, this turnkey operation is ready for a new owner to capitalize on its potential. The property's infrastructure is robust and well-maintained, offering immediate operational capabilities. The only missing element is a grower, making this an exceptional opportunity for an experienced cultivator or entrepreneur seeking to establish a significant presence in the thriving Colorado market. The asking price is $1,500,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $590,000
      6.5%
      $695,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $585,000
      Geo Method
      $680,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $685,000
      Retail
      $620,000
      Mixed-Use
      $610,000
      Hospitality
      $585,000
      Educational
      $650,000
      Residential Income
      $720,000
      Energy
      $605,000
      Income-Based Land
      $720,000
      Food Service
      $755,000

    Location Insight

    • Map
    • Local Demand
    City
    Palisade
    County
    Mesa
    State
    Colorado
    Longitude
    -108.328
    Latitude
    39.1145
    CBSA code
    24300
    CBSA name
    GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,951
    $49,590
    $234,280
    $283,870
    -
    $177,750
    $839,720
    $1,017,470

    Comparable in this City

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    • Value Estimation
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      3,844 SF

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      WAREHOUSE, STORAGE • 3,844 SF
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    • Value Estimation
      $230,000
      2,695 SF

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      WAREHOUSE, STORAGE • 2,695 SF
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    • Value Estimation by Request
      1,333 SF

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    • Value Estimation
      $370,000
      3,544 SF

      3813 Hwy 6th And 24

      MINI-WAREHOUSE, STORAGE • 3,544 SF
      3813 Hwy 6th And 24, Palisade, CO 81526-9738
      View Details

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    • $725,000

      1043 River Rd, Palisade, CO 81526

      Commercial real estate
      1043 River Rd, Palisade, CO 81526
      View Details
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    1041 River Rd
    Palisade, CO 81526
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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