519 Ligrani Ln Grand Junction, CO 81505-1669
Property profile & analytics
519 Ligrani Ln, Grand Junction, CO 81505-1669
- Flex space
- 4,743 SF
- 0.93 lot acres
Property ID
US13-1261831
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.
Location Intelligence
Current Use by Public Records
- Brakes Plus / Auto Repair Shop
Property Details for 519 Ligrani Ln
- Year built
- 2010
- Construction
- WOOD
- Lot size
- 0.93 lot acres
- Zone code
- C-2
- Property type
- Flex space
- APN
- 2945-103-37-013
- APU
- 294510337013
Description
This exceptional investment opportunity presents a 4,743 square foot, single-tenant, absolute triple-net (NNN) leased auto shop located at 519 Ligrani Ln, Grand Junction, CO 81505. The property, built in 2010 and situated on a 0.93-acre lot, is occupied by Brakes Plus, a brand of Mavis Topco, a large and established company with over 2,000 units. The current lease, commenced October 1, 2017, has a remaining term of 13.1 years, expiring December 31, 2037, and includes four 5-year renewal options. The lease features rent bumps and a corporate guarantee, providing significant security for the investor. The property boasts a strong net operating income (NOI) of $141,006, resulting in a 5.80% cap rate and a price per square foot of $512.54. The asking price is $2,431,000. This outparcel is strategically located within Rimrock Marketplace, a high-performing shopping center anchored by major retailers like Walmart, Lowe's, Sprouts, and Hobby Lobby, and benefits from excellent visibility on the I-70 Business Loop, experiencing 33,440 vehicles per day. The property's proximity to Mesa Mall and Grand Mesa Center, both high-performing shopping centers, further enhances its desirability. Future developments, including a new Costco entrance and Grand Junction Regional Airport expansion, promise continued growth in the area. This is a rare opportunity to acquire a well-positioned, high-performing retail investment with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.582
- Latitude
- 39.0788
- 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
$30,398
$226,050
$203,900
$429,950
-
$810,220
$730,840
$1,541,060
