Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2530 Rimrock Ave Grand Junction, CO 81505-8663
    Back to Search
    Property profile & analytics

    2530 Rimrock Ave Grand Junction, CO 81505-8663

    View on Map
    • Turn key restaurants
    • 7,403 SF
    Off-Market
    Property ID
    US13-1229255
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Donatos Pizza / Restaurant
    • Red Robin Gourmet Burgers and Brews / Restaurant
    • Red Robin / Restaurant

    Property Details for 2530 Rimrock Ave

    Year built
    2003
    Construction
    WOOD
    Property size
    7,403 SF
    Property type
    Turn key restaurants
    APN
    2945-103-37-011
    APU
    294510337011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.583
    Latitude
    39.0794
    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
    $23,214
    $0.00
    $328,330
    $328,330
    -
    $0.00
    $1,176,800
    $1,176,800

    Comparable in this City

    • Value Estimation
      $6,095,000
      3,840 SF

      2210 Hwy 6th And 50

      RESTAURANT • 3,840 SF
      2210 Hwy 6th And 50, Grand Junction, CO 81505-9406
      View Details
    • Value Estimation by Request
      6,886 SF

      2432 Hwy 6th And 50

      RESTAURANT • 6,886 SF
      2432 Hwy 6th And 50, Grand Junction, CO 81505-1102
      View Details
    • Value Estimation
      $565,000
      7,273 SF

      2412 Hwy 6th And 50

      RESTAURANT • 7,273 SF
      2412 Hwy 6th And 50, Grand Junction, CO 81505-1102
      View Details
    • Value Estimation by Request
      7,294 SF

      2404 Patterson Rd

      RESTAURANT • 7,294 SF
      2404 Patterson Rd, Grand Junction, CO 81505-1215
      View Details
    • Value Estimation
      $2,950,000
      9,380 SF

      1100 Independent Ave

      RESTAURANT • 9,380 SF
      1100 Independent Ave, Grand Junction, CO 81505-7102
      View Details
    • Value Estimation
      $630,000
      7,142 SF

      2416 Hwy 6th And 50

      RESTAURANT • 7,142 SF
      2416 Hwy 6th And 50, Grand Junction, CO 81505-1102
      View Details

    Similar Nearby for Sale

    • $1,699,000
      2.81 Acres

      Grand Junction Build-Ready Commercial Land

      2.81-acre site in active growth area, versatile potential.
      2376 G Rd, Grand Junction, CO 81505
      View Details
    • $990,000
      0.50 Acres

      Highway 6&50 Commercial Pad Site

      0.5 acre commercial pad site on Highway 6&50.
      2497 Hwy, Grand Junction, CO 81505
      View Details
    • Contact for pricing
      1,500 SF

      Retail/Office Space For Sale

      Retail or office space available for purchase.
      2493 Hwy 6&50, Grand Junction, CO 81505
      View Details
    • Contact for pricing

      Mixed-Use Land Near I-70

      Prime land suitable for medical, multi-family, or retail development.
      2385 G Rd, Grand Junction, CO 81505
      View Details
    • $1,950,000
      1.85 Acres

      Grand Junction Commercial Land Available

      1.85 acre commercial property in downtown Grand Junction, Colorado.
      2823 Grand Ave, Grand Junction, CO 81505
      View Details
    • Contact for pricing
      6,185 SF

      Industrial Warehouse Condo For Sale

      6,185 SF industrial warehouse condo with offices and dock.
      23 1/10 Rd, Grand Junction, CO 81505
      View Details

    Similar Nearby for Lease

    • $5,323 /Mo
      2,366 SF

      New Retail Space on 24 Road

      New construction retail space in developing area off 24 Road.
      683 24 Rd, Grand Junction, CO 81505
      View Details
    • Contact for pricing
      2,670 SF

      Retail Space in High-Density Hub

      Retail space centrally located near Mesa Mall in Grand Junction.
      632 Market St, Grand Junction, CO 81505
      View Details
    • $7,305 /Mo
      18,353 SF

      Retail/Office/Medical Space Available

      4,870 SF space suitable for retail, office, or medical.
      561 25 Rd, Grand Junction, CO 81505
      View Details
    • $4,400 /Mo
      10,775 SF

      Retail/Office Space, New Construction

      New retail or office space in Grand Junction, Colorado.
      2388 Patterson Rd, Grand Junction, CO 81505
      View Details
    • Contact for pricing

      Retail, Office, Medical Space Available

      Versatile space suitable for retail, office, or medical use.
      561 25 Rd, Grand Junction, CO 81505
      View Details
    • Contact for pricing
      9,758 SF

      Retail Space with Pad Sites

      Junior anchor space and pad sites available for ground lease.
      2405 Patterson Rd, Grand Junction, CO 81505
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2530 Rimrock Ave
    Grand Junction, CO 81505-8663
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2530 Rimrock Ave, Grand Junction, CO, 81505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!