Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2809 Nn Ave Grand Junction, CO 81501-5105

    • Warehouses
    • 90,589 SF
    • 10.34 lot acres
    OFF-MARKET
    Value Estimations
    $940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0855464
    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

    • U-Haul Moving & Storage at Lincoln Park / Used Truck Dealer / Van Rental Agency
    • Self-Storage at U-Haul / Self-Storage Facility / Moving And Storage Service
    • Sears Appliance Repair / Appliance Repair Service / Air Conditioning Repair Service
    • Trailer Hitches at U-Haul / Trailer Supply Store / Truck Accessories Store
    • Truck Rental at U-Haul / Truck Rental Agency / Moving And Storage Service

    Property Details for 2809 Nn Ave

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    10.34 lot acres
    Property size
    90,589 SF
    Zone code
    C-1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    2943-182-00-060
    APU
    294318200060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $940,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.532
    Latitude
    39.0764
    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
    $93,945
    $257,510
    $1,071,240
    $1,328,750
    -
    $922,990
    $3,839,580
    $4,762,570

    Comparable in this City

    • Value Estimation
      $285,000
      3,200 SF

      497 28th 12th Rd

      MINI-WAREHOUSE, STORAGE • 3,200 SF
      497 28th 12th Rd, Grand Junction, CO 81501-5159
      View Details
    • Value Estimation
      $240,000
      2,172 SF

      463 Willow Rd

      MINI-WAREHOUSE, STORAGE • 2,172 SF
      463 Willow Rd, Grand Junction, CO 81501
      View Details
    • Value Estimation
      $230,000
      1,404 SF

      1010 Pitkin Ave

      MINI-WAREHOUSE, STORAGE • 1,404 SF
      1010 Pitkin Ave, Grand Junction, CO 81501-3610
      View Details
    • Value Estimation
      $815,000
      760 SF

      167 17th St

      MINI-WAREHOUSE, STORAGE • 760 SF
      167 17th St, Grand Junction, CO 81501-4673
      View Details
    • Value Estimation
      $295,000
      4,050 SF

      2260 I 70th Business Loop

      MINI-WAREHOUSE, STORAGE • 4,050 SF
      2260 I 70th Business Loop, Grand Junction, CO 81501
      View Details
    • Value Estimation
      $180,000
      1,250 SF

      424 Ss Ave

      MINI-WAREHOUSE, STORAGE • 1,250 SF
      424 Ss Ave, Grand Junction, CO 81501
      View Details

    Similar Nearby for Sale

    • $399,000
      0.22 Acres

      Grand Junction Industrial Flex Space

      Three-unit flex warehouse, high visibility
      260 Ute Ave, Grand Junction, CO 81501
      View Details
    • $319,000
      1,450 SF

      Retail and Warehouse Space

      Retail and warehouse space with overhead door near college.
      752 North Ave, Grand Junction, CO 81501
      View Details
    • $1,100,000
      13,308 SF

      Office/Warehouse Property with Income Potential

      Office/warehouse property with redevelopment or owner/user opportunity.
      2801 Grand Ave, Grand Junction, CO 81501
      View Details
    • $425,000
      1,296 SF

      Downtown Grand Junction Commercial Property

      Versatile Office/Warehouse, Great Location
      1162 Ute Ave, Grand Junction, CO 81501
      View Details
    • $2,500,000
      9,646 SF

      Kimball Ave Warehouse: Grand Junction

      9,646 SF Warehouse, Opportunity Zone
      1101 Kimball Ave, Grand Junction, CO 81501
      View Details
    • $785,000
      6,400 SF

      Warehouse with Office/Retail Storefront

      Commercial warehouse with office/retail space near downtown Grand Junction.
      804 Noland Ave, Grand Junction, CO 81501
      View Details

    Similar Nearby for Lease

    • $20,000 /Mo
      159,660 SF

      New Industrial Facility Near I-70

      New construction industrial facility with easy highway access.
      2825 Riverside Pkwy, Grand Junction, CO 81501
      View Details
    • $38,333
      159,660 SF

      New Industrial Facility Near I-70

      New construction industrial space with easy highway access.
      2825 Riverside Pkwy, Grand Junction, CO 81501
      View Details
    • $4 SF/Yr
      17,276 SF

      Industrial Warehouse with Yard

      17,276 SF industrial warehouse featuring six ground-level doors and yard.
      711 S 6Th St, Grand Junction, CO 81501
      View Details
    • $3,900 /Mo
      2,611 SF

      New Industrial Office Warehouse Units

      New construction industrial units with offices, restrooms, and laundry.
      357 Indian North Or Rd, Grand Junction, CO 81501
      View Details
    • New
      $58,713
      46,970 SF

      Grand Junction Industrial Warehouse Space

      Industrial warehouse with cold storage, office, and retail space.
      2530 High Country Ct, Grand Junction, CO 81501
      View Details
    • $9,662 /Mo
      9,662 SF

      Grand Junction Industrial Condo Available

      Industrial condo with office space, fenced yard, and three doors.
      1199 Winters Ave, Grand Junction, CO 81501
      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.
    2809 Nn Ave
    Grand Junction, CO 81501-5105
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.