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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1041 River Rd Palisade, CO 81526

    • Warehouses
    • 9,198 SF
    • 3.95 lot acres
    For Sale
    View listing
    $1,500,000
    Last Sale
    May 14, 2024
    $700,000
    Value Estimations
    Cap Rate Potential
    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $929,000
      Market price range: $278k - $1.05M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,045,000

    Get a detailed, property-specific valuation — fast and free

    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

    • Value Estimation
      $265,000
      40.00 Acres

      173 Wilson Blvd

      WAREHOUSE, STORAGE • 40.00 Acres
      173 Wilson Blvd, Palisade, CO 81526-9576
      View Details
    • Value Estimation
      $250,000
      3,844 SF

      952 I 70

      WAREHOUSE, STORAGE • 3,844 SF
      952 I 70, Palisade, CO 81526-7706
      View Details
    • Value Estimation
      $275,000
      2,695 SF

      952 I 70

      WAREHOUSE, STORAGE • 2,695 SF
      952 I 70, Palisade, CO 81526-7706
      View Details
    • Value Estimation
      $205,000
      1,333 SF

      Palisade, CO 81526

      WAREHOUSE, STORAGE • 1,333 SF
      Palisade, CO 81526
      View Details
    • Value Estimation
      $245,000
      3,568 SF

      Palisade, CO 81526

      WAREHOUSE, STORAGE • 3,568 SF
      Palisade, CO 81526
      View Details
    • Value Estimation
      $265,000
      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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      as well being able use the label name \""Champagne\"" and \""Port\"".\u00c3\u0082 Vineyard and Winery For Sale\u00c3\u0082 Strong Financials Offers Great Investment Opportunity\u00c3\u0082 Great property for weddings and event center. Revenue has grown 3 years in a row. Thoroughly recorded financials and high net profit compared to other vineyard & winery businesses. Cap rate is over 18% at current list price. Possible option to have manager run operations with owner being remote. Colorado Cellars has a strong reputation that makes this a unique opportunity and practical investment. Contact broker for NDA prior to viewing financials. Palisade
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    • $249,000
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    • $322,000
      Pending

      Palisade, CO Land Parcel

      4-acre land parcel in Palisade, Colorado, subject to adjustments.
      3339 C Rd, Palisade, CO 81526
      View Details
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    1041 River Rd
    Palisade, CO 81526
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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