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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Hotels
236 Main St Grand Junction, CO 81501-7804
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-2575786
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2010
Construction
WOOD
Total area
66,250 SF
Lot
0.07 ac (3,125 SF)
Zoning code
B-2
APN
2945-143-14-022
UPID
US13-2575786
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
Current use
Occupant on record · Public records
-
SpringHill Suites Grand Junction Downtown/Historic Main Street Hotel & Motel
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Parade of lights Resort
-
Marlo's Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.49M
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$2.57M
Owner & transaction history
Western Hospitality LLC · 18 yrs held
Western Hospitality LLC
since 2008
5 recorded transactions
Zoning & alternative use
B-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Grand Junction submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Junction 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%
$3,775,000
6.5%
$3,485,000
7%
$3,235,000
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±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
$39 / 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
$127,138
Tax year 2023
Assessed value
$1,648,580
Assessed 2023
Previous assessed
$1,405,290
+17.3% YoY
Effective rate
7.71%
On assessed value
Assessed land
$185,510
Assessed improvement
$1,463,070
Land market value
$664,910
Improvement market value
$5,243,970
Total market value
$5,908,880
Applied tax rate
10,107.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
100
Rooms
1
Total area
66,250 SF
Lot
0.07 ac (3,125 SF)
Zoning code
B-2
APN
2945-143-14-022
UPID
US13-2575786
Jurisdiction
MESA
Zoning & alternative use
B-2 · Grand Junction, CO
Zoning B-2 · permitted uses
B-2 · Grand Junction, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Junction. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
100
Rooms
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Western Hospitality LLC
Entity
Free & Clear · 18 yrs held
Mailing address
225 MAIN ST, GRAND JUNCTION, CO 81501-7803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2018
—
Western Hospitality LLC
—
Loan Modification
related
$17,300,000 · Us Bk
Nov 14, 2017
—
Western Hospitality LLC
—
Grant Deed
related
$17,300,000 · Us Bk
Jun 17, 2008
$656,250
Western Hospitality LLC
City Of Grand Junction
Warranty Deed
—
—
—
Western Hospitality LLC
—
Loan Modification
related
$1,887,788 · Us Bk
—
—
Western Hospitality LLC
—
Deed Of Trust
related
$525,000 · Timberline Bank
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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