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    Property profile & analytics

    242 Mulberry St Fruita, CO 81521-2613

    • Warehouses
    • 2,670 SF
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2276003
    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

    • Warehouses

    Property Details for 242 Mulberry St

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.27 lot acres
    Property size
    2,670 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    2697-173-00-091
    APU
    269717300091

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fruita
    County
    Mesa
    State
    Colorado
    Longitude
    -108.732
    Latitude
    39.1564
    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
    $3,919
    $36,310
    $11,740
    $48,050
    -
    $130,160
    $42,090
    $172,250

    Comparable in this City

    • Value Estimation
      $525,000
      3,300 SF

      965 Hwy 6th And 50

      MINI-WAREHOUSE, STORAGE • 3,300 SF
      965 Hwy 6th And 50, Fruita, CO 81521-3151
      View Details
    • Value Estimation
      $780,000
      9,300 SF

      1966 Hwy 6th And 50

      MINI-WAREHOUSE, STORAGE • 9,300 SF
      1966 Hwy 6th And 50, Fruita, CO 81521-9106
      View Details
    • Value Estimation by Request
      3,300 SF

      857 Hwy 6th And 50

      MINI-WAREHOUSE, STORAGE • 3,300 SF
      857 Hwy 6th And 50, Fruita, CO 81521
      View Details
    • Value Estimation by Request
      5,760 SF

      849 Hwy 6th And 50

      MINI-WAREHOUSE, STORAGE • 5,760 SF
      849 Hwy 6th And 50, Fruita, CO 81521
      View Details
    • Value Estimation by Request
      4,320 SF

      836 Grand Ave

      MINI-WAREHOUSE, STORAGE • 4,320 SF
      836 Grand Ave, Fruita, CO 81521-3032
      View Details
    • Value Estimation by Request
      1,600 SF

      620 Grand Ave

      MINI-WAREHOUSE, STORAGE • 1,600 SF
      620 Grand Ave, Fruita, CO 81521
      View Details

    Similar Nearby for Sale

    • $495,000

      New Fruita Home in Korima

      New construction home in wellness community, currently rented.
      1937 Tomochic Dr, Fruita, CO 81521
      View Details
    • $1,200,000
      0.81 Acres

      Fruita Land with Development Potential

      Large lot with multiple taps and mixed-use zoning.
      128 N Coulson St, Fruita, CO 81521
      View Details
    • New
      $195,000
      Pending

      Fruita 1-Acre Building Lot

      One-acre building lot with irrigation near Fruita, Colorado.
      1217 Lazy V Ln, Fruita, CO 81521
      View Details
    • $800,000

      40 Acres Irrigated Land

      40 acres of flat, irrigated land ready for development.
      1895 L Rd, Fruita, CO 81521
      View Details
    • New
      $1,270,000
      8,176 SF

      Fruita Multifamily Investment Opportunity

      Eight-unit multifamily property near schools, shopping, and downtown Fruita.
      804 W Cedar Ct, Fruita, CO 81521
      View Details
    • $520,000
      8.10 Acres

      Fruita Land with Irrigation Water

      8.1 acre Fruita lot with irrigation, ready to build.
      1217 La Mesa Ln, Fruita, CO 81521
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo
      6,051 SF

      Fruita Flex-Industrial Building For Lease

      6,051 SF flex-industrial building with highway exposure in Fruita, CO.
      743 Hwy, Fruita, CO 81521
      View Details
    • $3,500 /Mo
      3,600 SF

      Fruita Office and Warehouse Space

      Move-in-ready office and warehouse space available for lease.
      242 S Mulberry St, Fruita, CO 81521
      View Details
    • $4,100 /Mo
      7,200 SF

      Fruita Commercial Space on Highway

      Versatile commercial space with warehouse and mezzanine on Highway 6&50.
      221 Hwy, Fruita, CO 81521
      View Details
    • $3,083 /Mo
      1,408 SF

      Fruita Retail/Office Space Available

      Customizable retail/office space with high traffic and easy access.
      401 Jurassic Ave, Fruita, CO 81521
      View Details
    • New
      $2,700 /Mo
      1,800 SF

      Historic Retail Space in Fruita

      Charming 1,800 SF building in downtown Fruita for lease.
      210 E Aspen Ave, Fruita, CO 81521
      View Details
    • $2,000 /Mo

      Fruita Land with Rail Spur

      Vacant land with Union Pacific rail spur access.
      218 Hwy, Fruita, CO 81521
      View Details
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    242 Mulberry St
    Fruita, CO 81521-2613
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    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
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