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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Flex space
540 Hoover Dr Grand Junction, CO 81504-5700
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2635715
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Construction
STEEL FRAME
Total area
7,500 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C-1
APN
2943-094-77-009
UPID
US13-2635715
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
Current use
Occupant on record · Public records
-
Accelerated Torque Converters Auto Repair Shop Insurance Agency
-
Drive Line Service Auto Repair Shop Big Box & Wholesale Store
-
Bakers Transmission Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$950k
Owner & transaction history
Avocado Bros LLC · 2 yrs held
Avocado Bros LLC
since 2024
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
C-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+41.2%
Warehouse, storage
$1.1M
+31.9%
Office building
$1.1M
+25.7%
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 Grand Junction submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Junction 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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$840,000
Current use
COMMERCIAL (GENERAL)
$1,185,000
Change: +41% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,105,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$1,055,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$1,015,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Feb 13 2024)
Last sale anchor
$950k
Feb 13 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
$127 / 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
$20,599
Tax year 2023
Assessed value
$290,290
Assessed 2023
Previous assessed
$245,040
+18.5% YoY
Effective rate
7.10%
On assessed value
Assessed land
$129,800
Assessed improvement
$160,490
Land market value
$465,220
Improvement market value
$575,220
Total market value
$1,040,440
Applied tax rate
16,109.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
9
Total area
7,500 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C-1
APN
2943-094-77-009
UPID
US13-2635715
Jurisdiction
MESA
Zoning & alternative use
C-1 · Grand Junction, CO
Zoning C-1 · permitted uses
C-1 · Grand Junction, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Junction. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
9
Lot
1.78 ac
Current owner
From public records · entity-resolved
Avocado Bros LLC
Entity
Mailing address
540 HOOVER DR, GRAND JUNCTION, CO 81504-5700
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2024
$950,000
Avocado Bros LLC
SR Medical Enterprises LLC
Special Warranty Deed
$482,655 · Zb NA
Sep 22, 2023
—
Srmedical Enterprises LLC
Family Entertainment Holdings LLC
Warranty Deed
—
Oct 29, 2008
$1,150,000
James P Wells
Leeds Foyil
Special Warranty Deed
$1,035,000 · Timberline Bank
Aug 27, 2007
$1,095,100
Leeds Foyil
Regan Partners LLC
Warranty Deed
$400,000 · Tom Geist
Jun 22, 2005
$1,035,000
Regan Partners LLC
Herwick,larry J & Kathy
Warranty Deed
$700,000 · Larry J & Kathy J Herwick
Nov 16, 2004
$49,000
Damien Loy
Disraeli Dev INC
Warranty Deed
$168,000 · Bank Of Colorado
Jul 16, 2004
$45,900
Disrasli Development INC
Native Development INC
Grant Deed
—
Jul 15, 2004
$48,000
Advanced Const Contractors INC
Native Development INC
Grant Deed
—
—
—
James P Wells
—
Loan Modification
related
—
—
—
Leeds J Foyil
—
Deed Of Trust
related
$650,000 · Wells Fargo Bank
—
—
James P Wells
—
Loan Modification
related
—
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.
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