Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Hotels
2458 I 70th Business Loop Grand Junction, CO 81501-8051
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0679543
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1978
Construction
STEEL FRAME
Total area
6,250 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-2
APN
2945-134-03-050
UPID
US13-0679543
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
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$950k
Owner & transaction history
Serr Re 1708 LLC · 2 yrs held
Serr Re 1708 LLC
since 2024
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
C-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+70.5%
Warehouse, storage
$920,000
+15.3%
Office building
$880,000
+9.7%
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 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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$800,000
Current use
RESTAURANT
$1,365,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$920,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$855,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$815,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Apr 18 2024)
Last sale anchor
$950k
Apr 18 2024
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
$152 / 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
$12,480
Tax year 2023
Assessed value
$176,510
Assessed 2023
Previous assessed
$176,510
+0.0% YoY
Effective rate
7.07%
On assessed value
Assessed land
$75,780
Assessed improvement
$100,730
Land market value
$271,600
Improvement market value
$361,040
Total market value
$632,640
Applied tax rate
10,101.0000
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
1978
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
3
Rooms
10
Bathrooms
3
Total area
6,250 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-2
APN
2945-134-03-050
UPID
US13-0679543
Jurisdiction
MESA
Zoning & alternative use
C-2 · Grand Junction, CO
Zoning C-2 · permitted uses
C-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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$800,000
RESTAURANT
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$920,000
OFFICE BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$815,000
HOTEL/MOTEL Current
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1978
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
3
Rooms
10
Bathrooms
3
Lot
0.86 ac
Current owner
From public records · entity-resolved
Serr Re 1708 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2185 SIEBER CYN AVE, GRAND JUNCTION, CO 81507-7714
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
—
Serr Re 1708 LLC
Serr Re LLC
Quit Claim Deed
related
—
Nov 13, 2023
—
Serr Re 1708 LLC
Serr Re LLC
Intrafamily Transfer
related
—
Sep 26, 2023
$950,000
Serr Re LLC
The David And Vicki Evarts 1997 Tru
Warranty Deed
$750,000 · Oakstar Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2458 I 70th Business Loop?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
