Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3203 Hwy 6th 24 Grand Junction, CO 81504

    • Community centers
    • 10,096 SF
    • 1.29 lot acres
    OFF-MARKET
    Last Sale
    Nov 15, 2023
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1325047
    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

    • Community centers

    Property Details for 3203 Hwy 6th 24

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    1.29 lot acres
    Property size
    10,096 SF
    Zone code
    C-2
    Property type
    Community centers
    APN
    2943-112-71-002
    APU
    294311271002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $652,000
      Market price range: $267k - $725k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $405,000
      Current use
      INDUSTRIAL (GENERAL)
      $750,000
      Change: +86% Conversion: Difficult
      MEDICAL BUILDING
      $710,000
      Change: +75% Conversion: Difficult
      OFFICE BUILDING
      $705,000
      Change: +74% Conversion: Moderate
      RETAIL STORES
      $625,000
      Change: +55% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.458
    Latitude
    39.0867
    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
    $44,877
    $177,830
    $425,250
    $603,080
    -
    $637,400
    $1,524,190
    $2,161,590

    Comparable in this City

    • Value Estimation by Request
      10,152 SF

      2913 Patterson Rd

      MINI-MALL • 10,152 SF
      2913 Patterson Rd, Grand Junction, CO 81504-3009
      View Details
    • Value Estimation by Request
      10,152 SF

      2905 Patterson Rd

      MINI-MALL • 10,152 SF
      2905 Patterson Rd, Grand Junction, CO 81504-3005
      View Details
    • Value Estimation
      $655,000
      6,696 SF

      3098 70th Business Loop

      RETAIL STORES (PERSONAL SERVICES) • 6,696 SF
      3098 70th Business Loop, Grand Junction, CO 81504-5783
      View Details
    • Value Estimation by Request
      252 SF

      2915 Patterson Rd

      CONVENIENCE STORE • 252 SF
      2915 Patterson Rd, Grand Junction, CO 81504
      View Details
    • Value Estimation by Request
      2,880 SF

      2902 Patterson Rd

      CONVENIENCE STORE • 2,880 SF
      2902 Patterson Rd, Grand Junction, CO 81504-3000
      View Details
    • Value Estimation by Request
      2,028 SF

      603 29th Rd

      CAR WASH • 2,028 SF
      603 29th Rd, Grand Junction, CO 81504
      View Details

    Similar Nearby for Sale

    • $600,000
      2,635 SF

      Grand Junction Retail Opportunity

      Retail property in Grand Junction with high visibility and parking.
      599 29 1/2 Rd, Grand Junction, CO 81504
      View Details
    • Contact for pricing
      815 SF

      Versatile Patterson Road Retail/Office Space

      7,200 SF retail/office space on bustling Patterson Road.
      3026 Patterson Rd, Grand Junction, CO 81504
      View Details
    • $500,000
      0.60 Acres

      Grand Junction Retail Land Investment

      Prime .6-acre commercial lot, I-70 access.
      3145 1/2 Rd, Grand Junction, CO 81504
      View Details
    • $475,000
      3,000 SF

      Grand Junction Warehouse - $475K

      Versatile warehouse, ideal for various uses. High-visibility location.
      3199 Hall Ave, Grand Junction, CO 81504
      View Details
    • $1,150,000
      8,800 SF

      Fruitvale Court Industrial Property

      Grand Junction, CO industrial investment
      507 Fruitvale Ct, Grand Junction, CO 81504
      View Details
    • $425,000

      Grand Junction Office/Warehouse Investment

      3,600 SF office/warehouse with long-term tenant and secure yard.
      539 32 Rd, Grand Junction, CO 81504
      View Details

    Similar Nearby for Lease

    • $4,233 /Mo

      Renovated Retail Space on North

      Fully renovated retail space with high visibility on North Avenue.
      2923 North Ave, Grand Junction, CO 81504
      View Details
    • $22,000
      22,116 SF

      Retail Building Near CMU Campus

      Retail building with ample parking near Colorado Mesa University.
      1834 N 12Th St, Grand Junction, CO 81504
      View Details
    • $1,080 /Mo
      7,200 SF

      Updated Office Suite on Patterson

      Recently updated office suite with natural light and private offices.
      3026 Patterson Rd, Grand Junction, CO 81504
      View Details
    • $1,050 /Mo
      540 SF

      Updated Apartment with Community Pool

      Updated 1 bed, 1 bath apartment with community amenities.
      2915 Orchard Ave, Grand Junction, CO 81504
      View Details
    • $1,100 /Mo
      540 SF

      Updated Apartment with Community Pool

      Charming 1 bed, 1 bath apartment with updated features.
      2915 Orchard Ave, Grand Junction, CO 81504
      View Details
    • $1,255 /Mo

      Comfortable Apartment with Community Pool

      Spacious 2-bed, 1-bath apartment with patio and community pool.
      2915 Orchard Ave, Grand Junction, CO 81504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3203 Hwy 6th 24
    Grand Junction, CO 81504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.