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Property profile & analytics
OFF-MARKET
Hotels
2430 Patterson Rd Grand Junction, CO 81505-1366
Entity Owned
~
Est. High Equity
Property ID
US13-1233335
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,741 SF
Lot
0.62 ac (27,007 SF)
Zoning code
C-1
APN
2945-043-55-002
UPID
US13-1233335
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
-
Costa Vida Take-out & Catering Catering Service
-
La Michoacana GJ Grocery & Convenience Store Specialty Food Shop
-
Sport Clips Haircuts of Grand Junction Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
10 Mile Canyon LLC
10 Mile Canyon LLC
since 2026
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$25,864
Tax year 2023
Assessed value
$365,820
Assessed 2023
Previous assessed
$395,510
-7.5% YoY
Effective rate
7.07%
On assessed value
Assessed land
$120,560
Assessed improvement
$245,260
Land market value
$432,110
Improvement market value
$879,070
Total market value
$1,311,180
Applied tax rate
10,301.0000
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
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Total area
6,741 SF
Lot
0.62 ac (27,007 SF)
Zoning code
C-1
APN
2945-043-55-002
UPID
US13-1233335
Jurisdiction
MESA
Zoning & alternative use
C-1 · Grand Junction, CO
Zoning C-1 · permitted uses
C-1 · 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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
10 Mile Canyon LLC
Entity
Mailing address
1205 RIVERSIDE DR, ASPEN, CO 81611-2230
Ownership since
2026
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
Jan 8, 2026
—
10 Mile Canyon LLC
Hd Op LLC
Quitclaim Deed
related
—
Jan 8, 2026
$2,880,000
Extol LLC
10 Mile Canyon LLC
Special Warranty Deed
—
Nov 1, 2019
—
Hd-op LLC
—
Deed
related
$1,125,000 · Firstbank
Aug 15, 2019
—
Friedman,don Living Trust
Hd Dev Of Maryland INC
Quit Claim Deed
related
—
May 1, 2013
—
Hd-op LLC
K-co LLC
Grant Deed
—
—
—
Hd-op LLC
—
Deed Of Trust
related
$315,000 · Leonard M & Cherie G Oates
—
—
Hd-op LLC
—
Deed Of Trust
related
$339,989 · Oates Family LLC
—
—
Hd-op LLC
—
Deed Of Trust
related
$1,125,000 · Firstbank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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