Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2811 Riverside Pkwy Grand Junction, CO 81501-4720
    Property profile & analytics

    2811 Riverside Pkwy, Grand Junction, CO 81501-4720

    View on Map
    • Flex space
    • 9,144 SF
    • 1.30 lot acres
    Off-Market
    Property ID
    US13-0656183
    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
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Barnes Electric / Electrical Service / General Contractor

    Property Details for 2811 Riverside Pkwy

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    1.30 lot acres
    Zone code
    PD
    Property type
    Flex space
    APN
    2943-192-10-001
    APU
    294319210001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2005 — Donald E Barnes Barnes,donald E & Cynthia L Quit Claim Deed · related $250k · Alpine Bank
    — — Donald E Barnes — Deed Of Trust · related $151k · Alpine Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $659,000
      Market price range: $637k - $1.06M
      AI Estimate
      $486,000
      Market price range: $371k - $908k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $840,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.532
    Latitude
    39.0623
    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
    $14,077
    $39,180
    $155,400
    $194,580
    -
    $140,440
    $556,990
    $697,430

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      742 White Ave

      LIGHT INDUSTRIAL
      742 White Ave, Grand Junction, CO 81501-5838
      View Details
    • Value Estimation by Request
      4,268 SF

      601 Struthers Ave

      LIGHT INDUSTRIAL
      601 Struthers Ave, Grand Junction, CO 81501-7752
      View Details
    • Value Estimation by Request
      1,128 SF

      2836 Riverside Pkwy

      LIGHT INDUSTRIAL
      2836 Riverside Pkwy, Grand Junction, CO 81501-4721
      View Details
    • Value Estimation by Request
      1,800 SF

      549 Pitkin Ave

      LIGHT INDUSTRIAL
      549 Pitkin Ave, Grand Junction, CO 81501
      View Details
    • Value Estimation by Request
      16,395 SF

      340 North Ave

      Distribution properties
      340 North Ave, Grand Junction, CO 81501
      View Details
    • Value Estimation by Request
      4,000 SF

      361 27 1/2 Rd

      Flex space
      361 27 1/2 Rd, Grand Junction, CO 81501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,200 SF

      Commercial Flex Building with Residence

      Versatile commercial flex building with residential home in downtown.
      321 Pitkin Ave, Grand Junction, CO 81501
      View Details
    • Contact for pricing
      1,296 SF

      Shop with Office and Yard

      Downtown Grand Junction shop with office, yard, and development potential.
      1162 Ute Ave, Grand Junction, CO 81501
      View Details
    • Contact for pricing

      Office and Warehouse on 5 Acres

      31,000 SF office and warehouse on 5 acres.
      2872 I-70 Business Loop, Grand Junction, CO 81501
      View Details
    • $2,300,000
      3.00 Acres

      Commercial Land with Utility Building

      Zoned commercial site with utility building hookups and prominent traffic views, well suited for storage or redevelopment planning.
      435 4Th Ave, Grand Junction, CO 81501
      View Details
    • $3,400,000

      Office Warehouse with Mountain Views

      Office warehouse featuring mountain views, production space, and truck access.
      1675 Las Colonias Dr, Grand Junction, CO 81501
      View Details
    • $450,000
      1.45 Acres

      Grand Junction Storage and Residence

      Versatile storage property with residential home on 1.45 acres.
      2795 Riverside Pkwy, Grand Junction, CO 81501
      View Details

    Similar Nearby for Lease

    • $8,750 /Mo
      12,000 SF

      Industrial Office/Shop with Yard

      12,000 SF office and clear-span shop with overhead doors, secure yard, and 3-phase power in an I-1 industrial site.
      2872 I-70 Business Loop, Grand Junction, CO 81501
      View Details
    • $1,200 /Mo
      1,200 SF

      Flex Space with Overhead Door

      Office space with a back overhead door and bathroom, offering a practical work-and-function setup within a multi-unit offering.
      201 S 15Th St, Grand Junction, CO 81501
      View Details
    • $17,091 /Mo
      23,440 SF

      Flex Space with Drive-Thru Bays

      Industrial flex building with multiple shop areas, office space, and drive-thru bays plus yard storage for flexible operations.
      2872 I-70 Business Loop, Grand Junction, CO 81501
      View Details
    • $3,900 /Mo
      2,611 SF

      Industrial Office Warehouse Units

      Newly constructed units with two-level office space and in-unit restrooms and laundry, available for immediate leasing.
      357 Indian Rd, Grand Junction, CO 81501
      View Details
    • $3,150 /Mo
      3,800 SF

      Industrial Flex Office and Shop

      Updated office-showroom and shop space with overhead doors, power, and shared fenced yard access in an I-1 industrial setting.
      2872 I-70 Business Loop, Grand Junction, CO 81501
      View Details
    • $2,150 /Mo
      1,304 SF

      Office-Warehouse Condo Unit

      Climate-controlled office and warehouse layout with a 12' overhead door for efficient loading and a private work suite.
      802 1St 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.
    2811 Riverside Pkwy
    Grand Junction, CO 81501-4720
    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
    2811 Riverside Pkwy, Grand Junction, CO, 81501
    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!