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    613 Grand Ave Fruita, CO 81521-3029

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    613 Grand Ave Fruita, CO 81521-3029

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    • Industrial properties
    • 7,328 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US13-0796261
    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.
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 613 Grand Ave

    Year built
    1982
    Lot size
    0.14 lot acres
    Property size
    7,328 SF
    Zone code
    DMU
    Property type
    Industrial properties
    APN
    2697-174-17-005
    APU
    269717417005

    Description

    This exceptional 7,328 sq ft industrial property in Fruita, CO, presents a unique investment opportunity. Located on E Grand Ave, this mixed-use building boasts high visibility and easy I-70 access. The property includes a 2-story building constructed in 1982, extensively renovated between 1996 and 2021, featuring two 14-foot overhead doors, 3-phase power, and a 20-foot ceiling height. The 0.4-acre lot includes a fenced yard. The building also offers a convenient 2-bedroom, 1-bathroom apartment with a separate entrance, ideal for live/work scenarios. This Class C property is currently 100% occupied and zoned DMU, offering multiple development options. The asking price is $1,075,275, with creative financing options available, including sale-leaseback possibilities. The property consists of two parcels, 2697-174-005 and 2697-174-17-020. This versatile space is perfect for owner-users, investors, or those seeking a unique live/work arrangement. The property's prime location and flexible options make it a highly desirable investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $569,000
      Market price range: $570k - $1.12M
      AI Estimate
      $351,000
      Market price range: $351k - $1.14M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $835,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fruita
    County
    Mesa
    State
    Colorado
    Longitude
    -108.727
    Latitude
    39.1538
    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
    $901
    $10,030
    $1,010
    $11,040
    -
    $35,940
    $3,630
    $39,570

    Comparable in this City

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    • Value Estimation by Request
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      743 Hwy

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    • Value Estimation by Request
      2.03 Acres

      1107 16th Rd

      CONSTRUCTION/CONTRACTING SERVICES • 2.03 Acres
      1107 16th Rd, Fruita, CO 81521-2030
      View Details
    • Value Estimation
      $515,000
      6,960 SF

      2098 Hwy 6th And 50

      CONSTRUCTION/CONTRACTING SERVICES • 6,960 SF
      2098 Hwy 6th And 50, Fruita, CO 81521-9329
      View Details
    • Value Estimation by Request
      5.37 Acres

      1571 Cipolla Rd

      Land • 5.37 Acres
      1571 Cipolla Rd, Fruita, CO 81521
      View Details
    • Value Estimation by Request
      5,568 SF

      816 Grand Ave

      LIGHT INDUSTRIAL • 5,568 SF
      816 Grand Ave, Fruita, CO 81521-3016
      View Details

    Similar Nearby for Sale

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      Fruita Mixed-Use Development Opportunity

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    Similar Nearby for Lease

    • $7,000 /Mo
      Pending

      Fruita Flex-Industrial Building For Lease

      6,051 SF flex-industrial building with highway exposure in Fruita, CO.
      743 Hwy, Fruita, CO 81521
      View Details
    • $3,084 /Mo
      7,200 SF

      Versatile Commercial Space on Highway

      Commercial space with warehouse, mezzanine, and highway visibility.
      221 Hwy, Fruita, CO 81521
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    • Contact for pricing

      Fruita Commercial Space For Rent

      Premium commercial space in Fruita with flexible layout and parking.
      529 E Grand Ave, Fruita, CO 81521
      View Details
    • $3,500 /Mo
      3,600 SF

      Fruita Office and Warehouse Space

      Move-in-ready office and warehouse space available for lease.
      242 S Mulberry St, Fruita, CO 81521
      View Details
    • $3,083 /Mo
      1,408 SF

      Fruita Retail/Office Space Available

      Customizable retail/office space with high traffic and easy access.
      401 Jurassic Ave, Fruita, CO 81521
      View Details
    • $3,054 /Mo
      1,666 SF

      Fruita Medical Office Condo

      1,666 SF medical office condo in Fruita, Colorado.
      455 Kokopelli Blvd, Fruita, CO 81521
      View Details
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    Fruita, CO 81521-3029
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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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