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Property profile & analytics
FOR LEASE
Individual retail properties
529 E Grand Ave Fruita, CO 81521
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1265577
For Lease
$13 SF/Yr
529 E Grand Ave, Fruita, CO 81521
View Listing →
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1971
Construction
STEEL FRAME
Total area
4,536 SF
Lot
0.3 ac (13,199 SF)
Zoning code
DCRD
APN
2697-174-16-020
UPID
US13-1265577
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Soeng & Oeng LLC · 1 yrs held
Soeng & Oeng LLC
since 2024
Last sale
$639,000
7 recorded transactions
Zoning & alternative use
DCRD · Fruita, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fruita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fruita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$640,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $639k (Sep 17 2024)
Last sale anchor
$639k
Sep 17 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,885
Tax year 2023
Assessed value
$121,190
Assessed 2023
Previous assessed
$121,190
+0.0% YoY
Effective rate
8.16%
On assessed value
Assessed land
$21,140
Assessed improvement
$100,050
Land market value
$75,760
Improvement market value
$358,610
Total market value
$434,370
Applied tax rate
11,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Status
For Lease
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Total area
4,536 SF
Lot
0.3 ac (13,199 SF)
Zoning code
DCRD
APN
2697-174-16-020
UPID
US13-1265577
Jurisdiction
MESA
Zoning & alternative use
DCRD · Fruita, CO
Zoning DCRD · permitted uses
DCRD · Fruita, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fruita. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$610,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Soeng & Oeng LLC
Entity
Mailing address
209 VIS HLS DR, GRAND JUNCTION, CO 81503-3293
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
—
Soeng & Oeng LLC
Kimsuann Soeng
Quit Claim Deed
related
—
Aug 11, 2022
$639,000
Kimsuann Soeng
Rochell Hedgecoke
Special Warranty Deed
$427,000 · Alpine Bank
Aug 29, 2019
$370,000
Rochell Hedgecoke
Faith Bible Church Of Fruita
Warranty Deed
$295,000 · Grand Valley Bank
May 10, 2017
—
Faith Bible Church Of Fruita
—
Deed
related
$162,908 · Anb Bk
May 20, 2009
$440,000
Faith Bible Church Of Fruita
Heilig & Kucel INC
Warranty Deed
$265,000 · Heilig & Kucel INC
Sep 16, 2008
$275,000
Heilig & Kucel INC
Lao,lay
Warranty Deed
—
Sep 22, 2005
$310,000
Lao,lay
Heilig & Kucel INC
Warranty Deed
—
Aug 4, 2005
$215,000
Heilig & Kucel INC
Smith,kevin R
Warranty Deed
—
—
—
Faith Bible Church Of Fruita
—
Loan Modification
related
$162,908 · Anb Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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