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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Hotels
304 Nn Ave Grand Junction, CO 81501-7507
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-1199763
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,153 SF
Lot
0.81 ac (35,350 SF)
Zoning code
C-2
APN
2945-113-19-001
UPID
US13-1199763
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
-
LO Nails Nail Salon
-
Distinguished Barber Studio Barber Shop
-
Krypt Tattoo Tattoo & Piercing Shop
-
Pollo Asado Restaurant
-
Covet Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$571k
Blend (final)
Blend
$545k
Owner & transaction history
Manchester Family Rentals LLC · 10 yrs held
Manchester Family Rentals LLC
since 2016
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
by Request
ML approach
$365,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
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
$41 / 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
$20,417
Tax year 2023
Assessed value
$288,780
Assessed 2023
Previous assessed
$212,730
+35.7% YoY
Effective rate
7.07%
On assessed value
Assessed land
$100,580
Assessed improvement
$188,200
Land market value
$360,490
Improvement market value
$674,540
Total market value
$1,035,030
Applied tax rate
10,101.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
10
Bathrooms
1
Total area
13,153 SF
Lot
0.81 ac (35,350 SF)
Zoning code
C-2
APN
2945-113-19-001
UPID
US13-1199763
Jurisdiction
MESA
Zoning & alternative use
C-2 · Grand Junction, CO
Zoning 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
Grand Junction. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
10
Bathrooms
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Manchester Family Rentals LLC
Entity
Mailing address
2698 LANAI CT, GRAND JUNCTION, CO 81506-8615
Ownership since
2016
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
Dec 14, 2020
—
Manchester Family Tentals LLC
—
Deed
related
$256,335 · Grand Junction FCU
Jun 27, 2019
—
Manchester Family Rentals LLC
—
Deed
related
$202,963 · Grand Junction FCU
Nov 14, 2017
—
Manchester Family Trust Rentals LLC
—
Deed
related
$150,580 · Grand Junction FCU
Feb 16, 2016
—
Manchester Family Rentals LLC
Manchester,linda
Quit Claim Deed
related
—
Mar 4, 2011
—
City Of Grand Junction
Manchester,linda M
Warranty Deed
related
—
Aug 13, 2010
—
Linda M Manchester
—
Trustees Deed
related
$40,000 · Bank Of Colorado
Feb 23, 2009
—
Linda Manchester
Manchester Richard C
Quit Claim Deed
related
—
Mar 2, 2005
—
Richard Manchester
—
Trustees Deed
related
$159,364 · Bank Of Colorado
—
—
Linda M Manchester
—
Deed Of Trust
related
$40,000 · Bank Of Colorado
—
—
Richard Manchester
—
Deed Of Trust
related
$90,326 · Bank Of Colorado
—
—
Linda Manchester
—
Deed Of Trust
related
$146,578 · Bank Of Colorado
—
—
Richard Manchester
—
Deed Of Trust
related
$75,509 · Bank Of Colorado
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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