Technical
Financial
Distress signals
Property profile

2992 Patterson Rd Grand Junction, CO 81504

OFF-MARKET
Retail space
Property ID
US13-0908277
13,712 SF 2.11 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction STEEL FRAME
Total area 13,712 SF
Lot 2.11 ac (91,912 SF)
Zoning code PD
APN 2943-054-00-113
UPID US13-0908277

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
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Cafe & Coffee Shop
  • Physician
  • Crypto Atm Atm

Location

2992 Patterson Rd Grand Junction, CO 81504-3105
Grand Junction metro Census 1103 GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.91M
CAP Approach CAP
$2.00M
Comparable Approach Comparable
$2.25M
Blend (final) Blend
$1.96M

Owner & transaction history

since 2022
Last sale
$2.0M
2 recorded transactions
2022
$2.0M
2021
Price N/A

Zoning & alternative use

PD · Grand Junction, CO
Zoning description

PD: Planned Development Planned Development, PD § 21.03.0100 Overlay AE: Airport Environs Overlay Airport Environs Overlay, AE § 21.03.090 H Road/Northwest Area H Road/Northwest Area GJMC Title 22 North Avenue Overlay No…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Restaurant $3.0M +61.5%
Commercial (general) $2.2M +16.8%
Warehouse, storage $2.0M +9.2%

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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