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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Bars & Pubs
2993 Nn Ave Grand Junction, CO 81504-4989
Entity Owned
Free & Clear
Property ID
US13-0271481
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1926
Construction
STEEL FRAME
Total area
8,763 SF
Lot
1.15 ac (50,094 SF)
Zoning code
C-2
APN
2943-171-00-242
UPID
US13-0271481
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
-
Central Station Bar & Pub
-
Lux Ultra Lounge Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$975k
Owner & transaction history
R & R LLC
R & R LLC
since 2026
Last sale
$945,000
7 recorded transactions
Zoning & alternative use
C-2 · 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
Method
Estimation
Statistic approach
$1,000,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $945k (Jun 2 2023)
Last sale anchor
$945k
Jun 2 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
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
$16,513
Tax year 2023
Assessed value
$225,780
Assessed 2023
Previous assessed
$139,420
+61.9% YoY
Effective rate
7.31%
On assessed value
Assessed land
$81,060
Assessed improvement
$144,720
Land market value
$290,550
Improvement market value
$518,710
Total market value
$809,260
Applied tax rate
10,800.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1926
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Bathrooms
4
Total area
8,763 SF
Lot
1.15 ac (50,094 SF)
Zoning code
C-2
APN
2943-171-00-242
UPID
US13-0271481
Jurisdiction
MESA
Zoning & alternative use
C-2 · Grand Junction, COZoning C-2 · permitted uses
C-2 · Grand Junction, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1926
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
4
Lot
1.15 ac
Current owner
From public records · entity-resolved
R & R LLC
Entity
Free & Clear · 0 yrs held
Mailing address
521 N FLT ROCK CIR, AURORA, CO 80018-1587
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2026
$927,109
R & R LLC
20 LLC
Special Warranty Deed
—
Jun 2, 2023
$945,000
20 LLC
Rwn Properties LLC
Special Warranty Deed
$926,300 · Celtic Bank Corporation
Nov 17, 2010
$982,105
Dehaven Property Invs LLC
Public Trustee Of Mesa County
Trustees Deed
—
Nov 1, 2010
$982,105
Rwn Properties LLC
Public Trustee Of Mesa County
Certificate Of Purchase
$900,000
Jan 28, 2009
$1,000,000
Dehaven Property Invs LLC
Rwn Properties LLC
Warranty Deed
$900,000 · Rwn Properties LLC
Sep 26, 2005
—
Rwn Properties LLC
Nunnery,ronald W
Grant Deed
—
Aug 15, 2005
—
Ronald W Nunnery
Rmec Properties LLC
Grant Deed
—
Mar 3, 2005
$700,000
Rmec Properties LLC
Clifford T Henderson LLC
Warranty Deed
$500,000 · Clifford T Henderson LLC
Jul 10, 1998
—
Wilson Propst
Rose Partnership
Quit Claim Deed
related
—
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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