Technical
Financial
Distress signals
Property profile

516 28 Rd Grand Junction, CO 81501

FOR SALE
Other apartment buildings
Property ID
US13-0565861
6,788 SF Built 2020
Individually Owned 15-yr Hold
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Property summary

AI-generated overview

The property is a freestanding commercial building configured with a former bank branch layout, featuring a large main-floor customer and office plan designed around secured banking-adjacent operations. Externally, it includes a 3-car drive-thru teller lane and a separate 1-car ATM drive-thru lane, along with 48 on-site parking spaces including two ADA-compliant stalls, and it provides direct access from 28 Road. The interior includes a customer waiting area with five built-in teller stations for simultaneous service, office and work areas totaling 32 private offices, and an additional co-working office with five stations plus two lobby workstations. Supporting spaces include two breakrooms (one with a full kitchen and modern appliances), a training center/conference room, copier and storage room, and supply room with additional storage. The building has four separate ADA-compliant restrooms (two men’s and two women’s) and includes a secure bank vault, with security cameras and a fire alarm system. It is situated in a dense commercial and residential area near North Avenue (approximately 0.15 miles) and within about a mile of multiple retail, service, and institutional destinations, and the existing branch configuration, drive-through teller lines, and secured vault infrastructure support banking-adjacent and other professional uses such as accounting and legal services.

Property profile

Verified
Property type Other apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2020
Construction WOOD
Total area 6,788 SF
Zoning code C-1
APN 2943-074-76-010
UPID US13-0565861

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Credit Union
  • General Contractor
  • General Contractor

Location

516 28 Rd Grand Junction, CO 81501
Grand Junction metro Census 602 GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2011
7 recorded transactions
2020
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2011
$200,000
2011
$192,000

Zoning & alternative use

C-1 · Grand Junction, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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