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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Flex space
2030 Hwy 6th And 50 Fruita, CO 81521
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0983202
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Construction
STEEL FRAME
Total area
7,000 SF
Lot
5.6 ac (243,936 SF)
Zoning code
PUD
APN
2697-263-00-084
UPID
US13-0983202
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
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$970k
Owner & transaction history
John H Steed · 12 yrs held
John H Steed
since 2013
7 recorded transactions
Zoning & alternative use
PUD · Fruita, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+91.9%
Commercial (general)
$1.1M
+43.8%
Warehouse, storage
$985,000
+23.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fruita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fruita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$795,000
Current use
RESTAURANT
$1,525,000
Change: +92% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,145,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$985,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$980,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$950,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,336
Tax year 2023
Assessed value
$356,720
Assessed 2023
Previous assessed
$205,410
+73.7% YoY
Effective rate
7.10%
On assessed value
Assessed land
$214,380
Assessed improvement
$142,340
Land market value
$768,400
Improvement market value
$510,170
Total market value
$1,278,570
Applied tax rate
12,205.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Rooms
10
Bathrooms
0
Total area
7,000 SF
Lot
5.6 ac (243,936 SF)
Zoning code
PUD
APN
2697-263-00-084
UPID
US13-0983202
Jurisdiction
MESA
Zoning & alternative use
PUD · Fruita, CO
Zoning PUD · permitted uses
PUD · Fruita, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fruita. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$795,000
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$985,000
OFFICE BUILDING
Est. value
$980,000
RETAIL STORES
Est. value
$950,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
0
Lot
5.6 ac
Current owner
From public records · entity-resolved
John H Steed
Individual
Mailing address
2323 H RD, GRAND JUNCTION, CO 81505-9675
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2013
$1,250,000
John H Steed
Nelson Properties
Warranty Deed
$937,500 · Us Bank NA
Aug 3, 2006
$1,900,000
Nelson Properties
Bogue Properties
Warranty Deed
$1,500,000 · Bogue Properties
—
—
Bogue Properties
—
Deed Of Trust
related
$166,036 · Alpine Bank Illinois
—
—
Bogue Properties
—
Deed Of Trust
related
$50,563 · Alpine Bank
—
—
Bogue Properties
—
Deed Of Trust
related
$517,117 · Alpine Bank
—
—
Bogue Properties Gp
—
Deed Of Trust
related
$72,578 · Alpine Bank
—
—
Bogue Properties
—
Deed Of Trust
related
$100,000 · Alpine Bank
—
—
Bogue Properties
—
Deed Of Trust
related
$200,000 · Alpine Bank Illinois
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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