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    Property profile & analytics

    317 8th St Palisade, CO 81526-8672

    • Mobile home & RV parks
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0658049
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Winding River / Mobile Home Park

    Property Details for 317 8th St

    Year built
    1899
    Property type
    Mobile home & RV parks
    APN
    2941-031-04-015
    APU
    294103104015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palisade
    County
    Mesa
    State
    Colorado
    Longitude
    -108.354
    Latitude
    39.1055
    CBSA code
    24300
    CBSA name
    GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,192
    $75,310
    $90
    $75,400
    -
    $1,124,010
    $1,350
    $1,125,360

    Comparable in this City

    • Value Estimation
      $280,000
      1,918 SF

      676 Brentwood Dr

      MOBILE HOME PARK, TRAILER PARK • 1,918 SF
      676 Brentwood Dr, Palisade, CO 81526-9685
      View Details
    • Value Estimation
      $310,000
      7.23 Acres

      3781 Granada Dr

      MOBILE HOME PARK, TRAILER PARK • 7.23 Acres
      3781 Granada Dr, Palisade, CO 81526-8653
      View Details
    • Value Estimation
      $320,000
      5,112 SF

      131 Bower Ave

      MOBILE HOME PARK, TRAILER PARK • 5,112 SF
      131 Bower Ave, Palisade, CO 81526-8745
      View Details
    • Value Estimation
      $280,000
      3,744 SF

      126 1st St

      APARTMENT HOUSE (5+ UNITS) • 3,744 SF
      126 1st St, Palisade, CO 81526-9762
      View Details
    • Value Estimation
      $730,000
      26,028 SF

      151 3rd St

      APARTMENT HOUSE (5+ UNITS) • 26,028 SF
      151 3rd St, Palisade, CO 81526-5006
      View Details
    • Value Estimation
      $550,000
      7,749 SF

      3780 Heritage Ln

      APARTMENT HOUSE (5+ UNITS) • 7,749 SF
      3780 Heritage Ln, Palisade, CO 81526-9614
      View Details

    Similar Nearby for Sale

    • $2,995,000
      7,508 SF

      Rocky Mountain Vineyards. A unique fact about their brand is the grandfathered-in law allowing the\u00c3\u0082use of\u00c3\u0082\""Colorado\"" in their brand name

      as well being able use the label name \""Champagne\"" and \""Port\"".\u00c3\u0082 Vineyard and Winery For Sale\u00c3\u0082 Strong Financials Offers Great Investment Opportunity\u00c3\u0082 Great property for weddings and event center. Revenue has grown 3 years in a row. Thoroughly recorded financials and high net profit compared to other vineyard & winery businesses. Cap rate is over 18% at current list price. Possible option to have manager run operations with owner being remote. Colorado Cellars has a strong reputation that makes this a unique opportunity and practical investment. Contact broker for NDA prior to viewing financials. Palisade
      3553 E Rd, Palisade, CO 81526
      View Details
    • $249,000
      0.07 Acres

      Palisade Commercial Land Opportunity

      Cleared lot in Palisade, Colorado, ideal for mixed-use development.
      125 E 1St St, Palisade, CO 81526
      View Details
    • $2,800,000
      2,880 SF

      Palisade Retail Orchard Business

      Turn-key retail business, prime location.
      3376 C Rd, Palisade, CO 81526
      View Details
    • $139,000
      36.88 Acres

      Land in Red Creek Ranch

      36.88-acre parcel in gated Red Creek Ranch community.
      15770 Masters Ranch Dr, Glade Park, CO 81526
      View Details
    • $322,000
      Pending

      Palisade, CO Land Parcel

      4-acre land parcel in Palisade, Colorado, subject to adjustments.
      3339 C Rd, Palisade, CO 81526
      View Details
    • $725,000

      1043 River Rd, Palisade, CO 81526

      Commercial real estate
      1043 River Rd, Palisade, CO 81526
      View Details

    Property Visit Statistics

    • Visits by month
      4.8k
    • Visitors by month
      2.5k
    • Avg Time on site
      6 min
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    317 8th St
    Palisade, CO 81526-8672
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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