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    Property profile & analytics

    114 Spruce St Grand Junction, CO 81501-5808

    • Office buildings
    • 25,860 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $5,560,000
    Last Sale
    Jul 19, 2021
    $6,295,000
    Location Intelligence
    Property ID
    US13-0454036
    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

    • Veritas Injury Lawyers / Personal Injury Attorney / Law Firm
    • Public Defender / Public Defender'S Office
    • Tenhoff Law / Attorney
    • Tucker Adam / Lawyer

    Property Details for 114 Spruce St

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    25,860 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    2945-154-44-001
    APU
    294515444001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,995,000
      6.5%
      $5,835,000
      7%
      $6,625,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,645,000
      Geo Method
      $6,305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,390,000
      Retail
      $6,195,000
      Mixed-Use
      $6,610,000
      Hospitality
      $7,085,000
      Educational
      $6,585,000
      Residential Income
      $5,610,000
      Energy
      $6,500,000
      Income-Based Land
      $5,915,000
      Food Service
      $6,290,000

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.572
    Latitude
    39.0678
    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
    $32,236
    $34,480
    $1,330,150
    $1,364,630
    -
    $123,570
    $4,767,580
    $4,891,150

    Comparable in this City

    • Value Estimation by Request
      20,147 SF

      740 Gunnison Ave

      OFFICE BUILDING • 20,147 SF
      740 Gunnison Ave, Grand Junction, CO 81501-3222
      View Details
    • Value Estimation by Request
      5,000 SF

      636 Ss Ave

      OFFICE BUILDING • 5,000 SF
      636 Ss Ave, Grand Junction, CO 81501-7717
      View Details
    • Value Estimation by Request
      3,840 SF

      535 Grand Ave

      OFFICE BUILDING • 3,840 SF
      535 Grand Ave, Grand Junction, CO 81501-2790
      View Details
    • Value Estimation by Request
      2,572 SF

      301 7th St

      OFFICE BUILDING • 2,572 SF
      301 7th St, Grand Junction, CO 81501
      View Details
    • Value Estimation
      $370,000
      3,344 SF

      1105 Colorado Ave

      OFFICE BUILDING • 3,344 SF
      1105 Colorado Ave, Grand Junction, CO 81501-3522
      View Details
    • Value Estimation by Request
      2,400 SF

      431 Colorado Ave

      OFFICE BUILDING • 2,400 SF
      431 Colorado Ave, Grand Junction, CO 81501-2510
      View Details

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    Similar Nearby for Lease

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      2,299 SF Commercial Building For Lease
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    • $28 SF/Yr
      34,623 SF

      Grand Junction Executive Suites

      Modern Class A Office Space, Downtown CO
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    • $18 SF/Yr
      21,594 SF

      Bonsai Suites: Grand Junction Office

      Class A Office Suites, Grand Junction, CO
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    • $9,662 /Mo
      9,662 SF

      Grand Junction Industrial Condo Available

      Industrial condo with office space, fenced yard, and three doors.
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      View Details
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    114 Spruce St
    Grand Junction, CO 81501-5808
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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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