Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    350 Nn Ave Grand Junction, CO 81501-7541
    Back to Search
    Property profile & analytics

    350 Nn Ave, Grand Junction, CO 81501-7541

    View on Map
    • Hotels
    • 4,208 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Jun 3, 2021
    $135,000
    Property ID
    US13-0446974
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Iron Beard Vape shop / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice

    Property Details for 350 Nn Ave

    Year built
    1941
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Zone code
    C-2
    Property type
    Hotels
    APN
    2945-113-19-005
    APU
    294511319005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 18, 2025 $325,000 340 North LLC Fancy Property LLC Warranty Deed $761k · Timberline Bank
    Jun 3, 2021 $135,000 Fancy Property LLC Carl L Emmerton Personal Representative Deed $205k · Alpine Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.566
    Latitude
    39.0776
    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
    $5,313
    $31,390
    $43,750
    $75,140
    -
    $112,500
    $156,820
    $269,320

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      Grand Junction, CO 81501

      HOTEL/MOTEL
      Grand Junction, CO 81501
      View Details
    • Value Estimation by Request
      128 SF

      443 6th St

      HOTEL
      443 6th St, Grand Junction, CO 81501-2731
      View Details
    • Value Estimation
      $950,000
      6,250 SF

      2458 I 70th Business Loop

      HOTEL
      2458 I 70th Business Loop, Grand Junction, CO 81501-8051
      View Details
    • Value Estimation by Request
      6,200 SF

      150 Main St

      HOTEL
      150 Main St, Grand Junction, CO 81501-5667
      View Details
    • Value Estimation
      $945,000
      11,815 SF

      1005 12th St

      HOTEL
      1005 12th St, Grand Junction, CO 81501-3109
      View Details
    • Value Estimation
      $4,025,000
      125,442 SF

      615 15th St

      HOTEL
      615 15th St, Grand Junction, CO 81501-4629
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,753 SF

      Fully Leased Wells Fargo Building

      Fully leased commercial building for sale in prime location.
      1211 Wellington Ave, Grand Junction, CO 81501
      View Details
    • Contact for pricing
      8,024 SF

      North Avenue Corner Commercial Building

      8,024 SF freestanding building on high-traffic corner with ample parking.
      2825 North Ave, Grand Junction, CO 81501
      View Details
    • Contact for pricing
      3,027 SF

      Downtown Main Street Retail Front

      Retail property with heavy foot traffic and off-street parking.
      549 Main St, Grand Junction, CO 81501
      View Details
    • $1,095,000
      2.50 Acres

      Grand Junction Commercial Land Available

      2.5 acre commercial land for sale in Grand Junction.
      700 Base Rock St, Grand Junction, CO 81501
      View Details
    • New
      $60,000
      1.40 Acres

      Billboard-Adjacent Commercial Land Tract

      Outdoor advertising site generating billboard rental income with rail adjacency and major roadway proximity.
      I-70 I-70 Business Loop, Grand Junction, CO 81501
      View Details
    • $439,000
      2,052 SF

      Two-Unit Property Near CMU

      Charming two-unit property near CMU and downtown Grand Junction.
      936 Teller Ave, Grand Junction, CO 81501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Corner Location on North Avenue

      Rare corner unit in high-traffic area, salon ready.
      2885 North Ave, Grand Junction, CO 81501
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space for lease with patio and lake access.
      1601 Riverfront Dr, Grand Junction, CO 81501
      View Details
    • $6,395 /Mo
      3,070 SF

      Move-In Ready Mixed-Use Space

      Light, bright commercial space with quality finishes, LED lighting, and two separate entrances for flexible front-door access.
      879 Struthers Ave, Grand Junction, CO 81501
      View Details
    • $15,240 /Mo
      11,613 SF

      Medical Office Suite with Exam Rooms

      Lease-ready medical space offers exam rooms, physician offices, and ample waiting area with off-street parking.
      1035 Wellington Ave, Grand Junction, CO 81501
      View Details
    • $6,650 /Mo
      4,434 SF

      Turnkey Restaurant with Outdoor Patio

      Turnkey restaurant space with indoor dining, bar seating, a kitchen, and an outdoor patio for food and beverage concepts.
      1960 N 12Th St, Grand Junction, CO 81501
      View Details
    • $1,200 /Mo
      1,200 SF

      Office Suites with Rear Overhead Door

      Front office space with a rear overhead door and private bathroom, with multiple units available for flexible occupancy.
      201 S 15Th St, Grand Junction, CO 81501
      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.
    350 Nn Ave
    Grand Junction, CO 81501-7541
    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

    Thank You for Inquiry
    350 Nn Ave, Grand Junction, CO, 81501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!