Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1810 Nn Ave Grand Junction, CO 81501-6424
    Back to Search
    Property profile & analytics

    1810 Nn Ave, Grand Junction, CO 81501-6424

    View on Map
    • Hotels
    • 20,356 SF
    • 1.05 lot acres
    Off-Market
    Last Sale Aug 4, 2021
    $1,293,000
    Property ID
    US13-2461227
    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.
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    7.3%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Piccosports / Home Decor Store / Department Store
    • Wrigley Field / Bar & Pub

    Property Details for 1810 Nn Ave

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.05 lot acres
    Zone code
    C-1
    Property type
    Hotels
    Property subtype
    Motels
    APN
    2945-123-28-002
    APU
    294512328002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 4, 2021 $1,293,000 1810 North Ave LLC Gary L Duke Warranty Deed $1M · Wrigleville LLC
    Jun 5, 2018 — Matthew J Smith Mosty Sammy D Grant Deed · related —
    Feb 5, 2008 $1,150,000 Gary L Duke Gj Applegate LLC Grant Deed —
    May 10, 2007 — Gj Applegate LLC — Trustees Deed · related $75k · Bank Of Colorado
    Jan 4, 2002 $830,000 Gj Applegate LLC Mitchell,paul J Grant Deed $500k · Bank Of Colorado
    — — Gj Applegate LLC — Deed Of Trust · related $35k · Bank Of Colorado
    — — Walter H Jorgensen — Deed Of Trust · related $875k · Wells Fargo Bank
    — — Gary L Duke — Loan Modification · related $658k · Wells Fargo Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $960,000
      ML approach
      $1,065,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,160,000
      6.5%
      $1,070,000
      7%
      $995,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $631,000
      Market price range: $459k - $1.23M

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.543
    Latitude
    39.0779
    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
    $22,589
    $107,570
    $211,930
    $319,500
    -
    $385,560
    $759,600
    $1,145,160

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      Grand Junction, CO 81501

      HOTEL/MOTEL
      Grand Junction, CO 81501
      View Details
    • Value Estimation by Request
      0.17 Acres

      228 Ute Ave

      HOTEL/MOTEL
      228 Ute Ave, Grand Junction, CO 81501
      View Details
    • Value Estimation by Request
      0.21 Acres

      1121 18th St

      HOTEL/MOTEL
      1121 18th St, Grand Junction, CO 81501
      View Details
    • Value Estimation by Request
      0.18 Acres

      230 Ute Ave

      HOTEL/MOTEL
      230 Ute Ave, Grand Junction, CO 81501
      View Details
    • Value Estimation by Request
      2,400 SF

      202 Ute Ave

      HOTEL/MOTEL
      202 Ute Ave, Grand Junction, CO 81501
      View Details
    • Value Estimation
      $2,025,000
      50,154 SF

      205 Main St

      HOTEL/MOTEL
      205 Main St, Grand Junction, CO 81501-7803
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Prime Location Retail Opportunity

      High-traffic location with drive-through potential, ample parking.
      2814 North Ave, Grand Junction, CO 81501
      View Details
    • Contact for pricing
      19,870 SF

      Multi-Tenant Office Building Investment

      Well-maintained office property with long-term tenants and income growth.
      700 Belford Ave, Grand Junction, CO 81501
      View Details
    • $1,095,000

      Grand Junction Commercial Land Opportunity

      2.5-acre lot with high visibility and development potential.
      700 Base Rock St, Grand Junction, CO 81501
      View Details
    • Contact for pricing

      Developing 1.5 Acre Commercial Land

      1.5 acres of RM 12 zoned land for sale.
      379 29 Rd, Grand Junction, CO 81501
      View Details
    • Contact for pricing

      Starbucks NNN Lease Investment Opportunity

      NNN leased Starbucks with corporate guarantee and scheduled rental increases.
      2601 Dos Rios Dr, Grand Junction, CO 81501
      View Details
    • $125,000
      Pending

      Grand Junction Triplex Development Opportunity

      Triplex lots near college and medical facilities in Grand Junction.
      1775 Wellington Ave, Grand Junction, CO 81501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Solarus Square Retail/Office Space

      Multi-tenant building with high visibility and ample parking.
      2829 North Ave, Grand Junction, CO 81501
      View Details
    • $5,000 /Mo
      3,000 SF

      Medical Office Suite with Basement

      Built-out medical office with off-street parking, strong signage visibility, and a large unfinished basement for storage or expansion.
      1660 North Ave, Grand Junction, CO 81501
      View Details
    • $485 /Mo
      2,823 SF

      Historic Second-Floor Office Suite

      Second-floor downtown office with large windows, private lockable entry, and convenient private parking.
      858 Grand Ave, Grand Junction, CO 81501
      View Details
    • $10,417 /Mo
      159,660 SF

      New Construction Industrial Warehouse

      Modern logistics-ready warehouse with dock-high bays, overhead doors, and room for tailored office buildouts.
      2825 Riverside Pkwy, Grand Junction, CO 81501
      View Details
    • $2,523 /Mo
      3,118 SF

      Downtown Office Suite with Conference Room

      Up to seven private offices with a reception area and conference room, plus kitchenette, print room, and utilities included.
      300 Main St, Grand Junction, CO 81501
      View Details
    • $8,750 /Mo
      12,000 SF

      Industrial Office/Shop with Yard

      12,000 SF office and clear-span shop with overhead doors, secure yard, and 3-phase power in an I-1 industrial site.
      2872 I-70 Business Loop, Grand Junction, CO 81501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1810 Nn Ave
    Grand Junction, CO 81501-6424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1810 Nn Ave, Grand Junction, CO, 81501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!