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    620 Grand Ave Fruita, CO 81521
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    Property profile & analytics

    620 Grand Ave, Fruita, CO 81521

    View on Map
    • Warehouses
    • 1,600 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Jan 5, 2021
    Property ID
    US13-0046048
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 620 Grand Ave

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    0.34 lot acres
    Zone code
    2235
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    2697-174-00-027
    APU
    269717400027

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 5, 2021 $830,000 Edwards Real Estate Group LLC Edward A Cherry Warranty Deed —
    Feb 17, 2010 $245,000 Edward A Cherry Cornerstone Mini Storage LLC Warranty Deed $230k · Bank Of Co
    Jan 4, 2007 — Cornerstone Mini Storage LLC Charis Elizabeth R Trust Grant Deed · related —
    Sep 28, 2006 $350,000 Charis Elizabeth R Trust Johnston,thomas W & Shelly J Warranty Deed $220k · Bank Of Colorado
    Sep 1, 2006 $250,000 Charis Elizabeth R Trust Johnston,thomas W & Shelly J Warranty Deed —
    Aug 5, 2005 $75,000 Thomas W Johnston Robert G Wilson Warranty Deed $66k · Grand Valley National Bank
    — — Edward A Cherry — Loan Modification · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative 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
    39.1533
    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
    $5,534
    $24,060
    $43,780
    $67,840
    -
    $86,250
    $156,900
    $243,150

    Comparable in this City

    • Value Estimation
      $525,000
      3,300 SF

      965 Hwy 6th And 50

      MINI-WAREHOUSE, STORAGE
      965 Hwy 6th And 50, Fruita, CO 81521-3151
      View Details
    • Value Estimation by Request
      4,320 SF

      836 Grand Ave

      MINI-WAREHOUSE, STORAGE
      836 Grand Ave, Fruita, CO 81521-3032
      View Details
    • Value Estimation by Request
      5,760 SF

      849 Hwy 6th And 50

      MINI-WAREHOUSE, STORAGE
      849 Hwy 6th And 50, Fruita, CO 81521
      View Details
    • Value Estimation
      $780,000
      9,300 SF

      1966 Hwy 6th And 50

      MINI-WAREHOUSE, STORAGE
      1966 Hwy 6th And 50, Fruita, CO 81521-9106
      View Details
    • Value Estimation by Request
      3,300 SF

      857 Hwy 6th And 50

      MINI-WAREHOUSE, STORAGE
      857 Hwy 6th And 50, Fruita, CO 81521
      View Details
    • Value Estimation by Request
      2,670 SF

      242 Mulberry St

      MINI-WAREHOUSE, STORAGE
      242 Mulberry St, Fruita, CO 81521-2613
      View Details

    Similar Nearby for Sale

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      Fruita Mixed-Use Development Opportunity

      Classic bungalow on 0.55 acres with development potential.
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      6,051 SF

      Fruita Warehouse and Office Space

      Warehouse and office space for lease in Fruita, Colorado.
      743 Hwy, Fruita, CO 81521
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    • $220,000
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      Residential Land in Fruita, Colorado

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      1113 Hatchet Cyn Cir, Fruita, CO 81521
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    • $132,500
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      Residential Land in Fruita, Colorado

      Land in Fruita, Colorado with mountain views and recreation.
      326 Hatchet Cyn Cir, Fruita, CO 81521
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    • $220,000
      0.16 Acres

      Land in Fruita, Colorado

      Land in Fruita, Colorado with mountain views and recreation.
      335 Toms Cyn Dr, Fruita, CO 81521
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    • $325,000
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      Fruita, CO Development Opportunity

      Development land with irrigation shares in Fruita, Colorado.
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    Similar Nearby for Lease

    • $1,900 /Mo
      11,250 SF

      Industrial Warehouse with Office

      Functional warehouse setup with an overhead door and attached office, ideal for small industrial and light commercial operations.
      864 20 Rd, Fruita, CO 81521
      View Details
    • $3,084 /Mo
      7,200 SF

      Insulated Warehouse with Mezzanine

      Climate-controlled warehouse with multiple overhead doors and dedicated office-ready mezzanine for efficient operations and administration.
      221 Hwy, Fruita, CO 81521
      View Details
    • 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
    • $3,054 /Mo
      1,666 SF

      Medical Office Condo Suite

      Well-designed medical condo with waiting area, exam rooms, and nurse stations for efficient outpatient care.
      455 Kokopelli Blvd, Fruita, CO 81521
      View Details
    • Contact for pricing

      Fruita Roundabout Upstairs Office Space

      720 SF office space in Fruita's vibrant Roundabout.
      156 S Park Sq, Fruita, CO 81521
      View Details
    • $775 /Mo
      3,840 SF

      Upstairs Office Suite on Roundabout

      Turnkey, wide-open upstairs office suite with secure shared entry and strong access to Fruita’s dining and retail.
      156 Park Sq, Fruita, CO 81521
      View Details
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    Fruita, CO 81521
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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.

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