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    Property profile & analytics

    460 32nd Rd Clifton, CO 81520-8301

    • Flex space
    • 5,544 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Jan 17, 2024
    $750,000
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    5.7%
    Flex space
    Location Intelligence
    Property ID
    US13-1049579
    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

    • Mesa Production / Oil And Gas Exploration Service
    • Bruin Waste Management / Waste Management Service

    Property Details for 460 32nd Rd

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    1.59 lot acres
    Property size
    5,544 SF
    Zone code
    C-1
    Property type
    Flex space
    APN
    2943-142-00-022
    APU
    294314200022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
      ML approach
      $750,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $710,000
      6.5%
      $655,000
      7%
      $610,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $848,000
      Market price range: $431k - $849k
      AI Estimate
      $656,000
      Market price range: $248k - $745k

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Mesa
    State
    Colorado
    Longitude
    -108.459
    Latitude
    39.0718
    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
    $16,426
    $73,040
    $147,910
    $220,950
    -
    $261,800
    $530,140
    $791,940

    Comparable in this City

    • Value Estimation
      $370,000
      7,800 SF

      3217 D Rd

      LIGHT INDUSTRIAL • 7,800 SF
      3217 D Rd, Clifton, CO 81520-9101
      View Details
    • Value Estimation
      $270,000
      2,400 SF

      604 32nd 12th Rd

      LIGHT INDUSTRIAL • 2,400 SF
      604 32nd 12th Rd, Clifton, CO 81520-7771
      View Details
    • Value Estimation
      $575,000
      3,664 SF

      3207 F Rd

      LIGHT INDUSTRIAL • 3,664 SF
      3207 F Rd, Clifton, CO 81520-7432
      View Details
    • Value Estimation
      $435,000
      13,093 SF

      328 2nd St

      LIGHT INDUSTRIAL • 13,093 SF
      328 2nd St, Clifton, CO 81520-7772
      View Details
    • Value Estimation
      $1,105,000
      28,577 SF

      510 34th Rd

      LIGHT INDUSTRIAL • 28,577 SF
      510 34th Rd, Clifton, CO 81520-9703
      View Details
    • Value Estimation
      $305,000
      1,372 SF

      550 32nd Rd

      LIGHT INDUSTRIAL • 1,372 SF
      550 32nd Rd, Clifton, CO 81520-7635
      View Details

    Similar Nearby for Sale

    • New
      $500,000
      4.32 Acres

      Land with Irrigation Potential

      Land with irrigation, great investment potential, to be sold with adjacent property.
      3349 E Rd, Clifton, CO 81520
      View Details
    • $550,000
      151.00 Acres

      Clifton, CO Land For Sale

      151-acre land parcel with interstate visibility in Clifton, Colorado.
      3197 N I-70 Frontage Rd, Clifton, CO 81520
      View Details
    • $2,000,000
      7,269 SF

      Turn-Key Restaurant/Retail Space Available

      Restaurant/retail space with full kitchen, bar, and recent upgrades.
      3245 I-70 Business Loop, Clifton, CO 81520
      View Details
    • $4,500,000

      Colorado Riverfront Oasis Opportunity

      28.53-acre property with river frontage, lake, and irrigation rights.
      3521 F Rd, Clifton, CO 81520
      View Details
    • $595,000
      Pending

      Commercial Land in Clifton, CO

      0.50 AC commercial land in Clifton's business corridor.
      3240 F Rd, Clifton, CO 81520
      View Details
    • $110,000
      0.60 Acres

      Grand Junction Land Development Opportunity

      Three lots with potential for multifamily or single-family development.
      32 32 Rd, Grand Junction, CO 81520
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      5,250 SF

      Clifton Commercial Units For Lease

      Two commercial units available in Clifton, ideal for retail/office.
      3258 F Rd, Clifton, CO 81520
      View Details
    • $4,073 /Mo
      1,955 SF

      Customizable Retail/Office Space in Clifton

      1,955 SF customizable space in Clifton's Shopping Center.
      3235 I-70 Business Loop, Clifton, CO 81520
      View Details
    • Contact for pricing
      20,984 SF

      Coronado Plaza Executive Suites

      Prime I-70 Office Space Available
      569 32 Rd, Grand Junction, CO 81520
      View Details
    • $1,845 /Mo
      20,984 SF

      Retail Space in Coronado Plaza

      Retail unit with high visibility and accessibility.
      569 32 Rd, Clifton, CO 81520
      View Details
    • $700 /Mo
      5,250 SF

      Remodeled Commercial Unit in Clifton

      Affordable, remodeled commercial unit suitable for office or service-based business.
      3258 F Rd, Clifton, CO 81520
      View Details
    • $1,000 /Mo
      5,250 SF

      Commercial Units in Clifton, Colorado

      Two commercial units available for lease in Clifton, Colorado.
      3258 F Rd, Clifton, CO 81520
      View Details
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    460 32nd Rd
    Clifton, CO 81520-8301
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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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