Realmo Analytics

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Financial
Distress signals
Property profile

2938 North Ave Grand Junction, CO 81504

FOR LEASE
Commercial real estate
Property ID
US13-1172444
5,846 SF Built 2003
Last sale Mar 2006 · $695,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$172k
Assessed improvement$172k
Effective rate7.07%

Value estimate

· Oct 2026
$275k
$248k – $303k
CAP approach$405k
Submarket $/SF estimate$888k
NOI build-up
Gross scheduled income$105k
Vacancy & credit loss−$32k
Operating expenses−$18k
NOI · 920.75% cap applied$55k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$158/SF
Submarket average, outlier-cleaned · 103 recorded sales of this use type
Observed band · Q1–Q3$110 – $210
Qualifying comparables5

Cap rate analysis

How does the asset earn?
920.75%
$55k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1
JurisdictionMESA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.8
Law Firm21.5
Gym & Fitness11.4

Location

2938 North Ave Grand Junction, CO 81504
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2956 Nn Ave, Grand Junction, CO 81504-3919 $995,000 Sep 2024 3,640 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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