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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2692 Highway 50, Unit I Grand Junction, CO 81503

    • Hotels
    • 16,824 SF
    • 2.25 lot acres
    For Lease
    View listing
    $1,450 /Mo
    Value Estimations
    $625,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0746740
    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

    • Hotels

    Property Details for 2692 Highway 50

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.25 lot acres
    Property size
    16,824 SF
    Zone code
    C-1
    Property type
    Hotels
    APN
    2945-261-29-002
    APU
    294526129002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $586,000
      Market price range: $298k - $939k

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.554
    Latitude
    39.0442
    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
    $24,456
    $120,150
    $229,770
    $349,920
    -
    $430,650
    $823,560
    $1,254,210

    Comparable in this City

    • Value Estimation
      $2,725,000
      52,061 SF

      2756 Frontage Rd

      HOTEL • 52,061 SF
      2756 Frontage Rd, Grand Junction, CO 81503
      View Details
    • Value Estimation
      $720,000
      13,860 SF

      2686 Hwy 50

      HOTEL • 13,860 SF
      2686 Hwy 50, Grand Junction, CO 81503-1936
      View Details
    • Value Estimation
      $725,000
      14,388 SF

      176 29th Rd

      HOTEL • 14,388 SF
      176 29th Rd, Grand Junction, CO 81503-2339
      View Details
    • Value Estimation by Request

      Grand Junction, CO 81503

      CHARITABLE ORGANIZATION
      Grand Junction, CO 81503
      View Details
    • Value Estimation by Request
      0.30 Acres

      Grand Junction, CO 81503

      VACANT COMMERCIAL LAND • 0.30 Acres
      Grand Junction, CO 81503
      View Details
    • Value Estimation by Request
      0.28 Acres

      2765 B 12th Rd

      VACANT COMMERCIAL LAND • 0.28 Acres
      2765 B 12th Rd, Grand Junction, CO 81503-2188
      View Details

    Similar Nearby for Sale

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      6.77 Acres

      Aspen Street Development Land

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    • $870,000
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      Grand Junction Commercial Land - $870K

      Prime 1.05-acre retail pad site in Grand Junction, CO.
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    • $168,000
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      Residential Lot with Mountain Views

      Vacant lot in Spyglass Ridge with community amenities.
      192 Gunnison Ridge Ct, Grand Junction, CO 81503
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    • $125,000
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      Residential Lot in Spyglass Ridge

      0.25-acre lot ready for a custom dream home.
      195 River Ridge Dr, Grand Junction, CO 81503
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    • $95,000
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      Residential Land in Grand Junction

      Convenient location with easy access to downtown Grand Junction.
      257 Sasha St, Grand Junction, CO 81503
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    • $950,000
      1 SF

      Highway 50 Visibility Retail Pad

      1.14 acre commercial pad with highway visibility and easy access.
      2658 Tracy Ann Dr, Grand Junction, CO 81503
      View Details

    Similar Nearby for Lease

    • $1,450 /Mo
      16,824 SF

      Furnished Commercial Space in Orchard Mesa

      Versatile commercial space in a high-traffic shopping center.
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      View Details
    • $22,200
      1 SF

      Grand Junction Industrial Lot

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    • $5,100 /Mo
      62,171 SF

      Grand Junction Commercial Space Available

      Commercial/industrial space for lease with high ceilings and drive-in bay.
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      View Details
    • $275 SF/Yr

      Commercial Land on Corner Lot

      Commercial land for lease with security features and easy access.
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    • $1,750 /Mo
      15,970 SF

      Retail Space in Meridian Park

      Retail space with highway visibility in Orchard Mesa.
      230 Lynwood St, Grand Junction, CO 81503
      View Details
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    2692 Highway 50, Unit I
    Grand Junction, CO 81503
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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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