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Property profile & analytics
FOR SALE
Warehouses

1041 N River Rd Palisade, CO 81526

9,198 SF 3.95 ac lot Built 1980
Entity Owned 2-yr Hold Free & Clear
Property ID
US13-2646696
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1980
Construction STEEL FRAME
Total area 9,198 SF
Lot 3.95 ac (172,062 SF)
Zoning code CB
APN 2937-101-04-002
UPID US13-2646696
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$700k
CAP Approach CAP
by Request
Comparable Approach Comparable
$929k
Blend (final) Blend
$700k
Owner & transaction history
Meyer Farm LLC · 2 yrs held
Meyer Farm LLC
since 2024
Last sale
$700,000
1 recorded transaction
2024
$700,000
Zoning & alternative use
CB · Palisade, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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