Property profile

2835 Patterson Rd Grand Junction, CO 81506

OFF-MARKET
Apartment buildings
Property ID
US13-2221037
8,746 SF 1.93 ac lot Built 1993
Entity Owned 23-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1993
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,746 SF
Lot 1.93 ac (84,071 SF)
APN 2943-072-25-003
UPID US13-2221037

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center
  • Nursing Home Retirement Community

Location

2835 Patterson Rd Grand Junction, CO 81506-6066
Grand Junction metro Census 601 GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$755k
Blend (final) Blend
$425k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.3M +225.1%
Industrial (general) $1.1M +176.8%
Restaurant $900,000 +127.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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