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Property profile & analytics
OFF-MARKET
Retail space
2863 Nn Ave Grand Junction, CO 81501-5040
Individually Owned
4-yr Hold
Free & Clear
Property ID
US13-0734340
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,712 SF
Lot
0.33 ac (14,212 SF)
Zoning code
C-1
APN
2943-181-00-003
UPID
US13-0734340
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bliss smoke shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Travis L Lucero · 4 yrs held
Travis L Lucero
since 2022
Last sale
$235,000
7 recorded transactions
Zoning & alternative use
C-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grand Junction submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Junction submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,050
Tax year 2023
Assessed value
$71,420
Assessed 2023
Previous assessed
$78,920
-9.5% YoY
Effective rate
7.07%
On assessed value
Assessed land
$37,110
Assessed improvement
$34,310
Land market value
$133,020
Improvement market value
$122,980
Total market value
$256,000
Applied tax rate
10,301.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
1
Total area
3,712 SF
Lot
0.33 ac (14,212 SF)
Zoning code
C-1
APN
2943-181-00-003
UPID
US13-0734340
Jurisdiction
MESA
Zoning & alternative use
C-1 · Grand Junction, CO
Zoning C-1 · permitted uses
C-1 · Grand Junction, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Junction. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Travis L Lucero
Individual
Free & Clear · 4 yrs held
Mailing address
2863 NN AVE, GRAND JUNCTION, CO 81501-5040
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
—
Travis L Lucero
Travis L Lucero
Intrafamily Transfer
related
—
Dec 4, 2020
$235,000
Travis L Lucero
Paul J Hultgren
Warranty Deed
—
Jan 17, 2014
$124,000
Paul J Hultgren
Hultgren,paul J
Quit Claim Deed
related
—
May 14, 2012
$4,000
Paul J Hultgren
Pettingill,brandon S
Quit Claim Deed
related
—
Apr 4, 2011
$130,000
Brandon S Pettingill
Duckett,ann L
Quit Claim Deed
related
$130,000 · Ann L Duckett
May 18, 2010
—
Ronald G Arellano
Arellano,ronald G
Quit Claim Deed
related
—
Jan 27, 2009
—
Ann L Duckett
Fish,stephen S
Quit Claim Deed
related
—
Mar 3, 2005
$200,000
Arellano,ronald G
Funshares R V Sales & Leasing
Warranty Deed
$160,000 · Wfb NA
Mar 3, 2005
—
R V Sales Funshares
Pollard,ronald B
Quit Claim Deed
related
—
—
—
Ronald G Arellano
—
Loan Modification
related
$199,775 · Wells Fargo Bk
—
—
Brandon S Pettingill
—
Deed Of Trust
related
$4,000 · Paul J Hultgren
—
—
Ronald G Arellano
—
Deed Of Trust
related
$54,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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