Property profile

2311 Riv Rd Grand Junction, CO 81505

OFF-MARKET
Manufacturing properties
Property ID
US13-1381653
43,200 SF 12 ac lot Built 2006
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2006
Construction STEEL FRAME
Total area 43,200 SF
Lot 12 ac (522,720 SF)
Zoning code I-2
APN 2945-053-23-002
UPID US13-1381653

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Factory
  • Factory Metal Fabrication Plant

Location

2311 Riv Rd Grand Junction, CO 81505-1321
Grand Junction metro Census 900 GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.12M
Comparable Approach Comparable
$5.14M
Blend (final) Blend
$830k

Owner & transaction history

since 2013
3 recorded transactions
2013
$2.0M
2011
$4.0M
1969
Price N/A

Zoning & alternative use

I-2 · Grand Junction, CO
Zoning description

Industrial General, I-2 § 21.03.070(f) (b) Purpose. The Industrial zone districts are intended to: (1) Promote the retention of existing industrial businesses and strengthen and diversify the future economic base for Gra…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $7.7M +31.9%
Warehouse, storage $6.4M +9.8%
Office building $6.1M +4.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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