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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Hotels
650 Market St Grand Junction, CO 81505-4300
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-1235348
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Construction
WOOD
Total area
55,931 SF
Lot
3.24 ac (140,960 SF)
Zoning code
MU
APN
2945-042-52-001
UPID
US13-1235348
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
-
Home2 Suites by Hilton Grand Junction Northwest Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.59M
Owner & transaction history
City Of Grand Junction · 3 yrs held
City Of Grand Junction
since 2023
Last sale
$1,000
7 recorded transactions
Zoning & alternative use
MU · Grand Junction, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1k (Mar 3 2023)
Last sale anchor
$1k
Mar 3 2023
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
$28 / 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
$86,350
Tax year 2023
Assessed value
$1,221,320
Assessed 2023
Previous assessed
$988,730
+23.5% YoY
Effective rate
7.07%
On assessed value
Assessed land
$288,050
Assessed improvement
$933,270
Land market value
$1,142,580
Improvement market value
$3,705,400
Total market value
$4,847,980
Applied tax rate
10,301.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
4
Units
1
Total area
55,931 SF
Lot
3.24 ac (140,960 SF)
Zoning code
MU
APN
2945-042-52-001
UPID
US13-1235348
Jurisdiction
MESA
Zoning & alternative use
MU · Grand Junction, CO
Zoning MU · permitted uses
MU · 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.
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
2
Units
1
Lot
3.24 ac
Current owner
From public records · entity-resolved
City Of Grand Junction
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 15, ABERDEEN, SD 57402-0015
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2023
$1,000
City Of Grand Junction
Jpk Tr Grand Junction II LLC
Warranty Deed
—
Nov 1, 2017
—
Jpk Trust Grand Junction II LLC
—
Grant Deed
related
$8,250,000 · Bank Of Co
Jul 3, 2017
—
Jpk Trust Grand Junction II LLC
Koehler,james P
Quit Claim Deed
—
Mar 30, 2016
$592,761
Jim Koehler
Wtn Coex IV LLC
Warranty Deed
—
Feb 6, 2014
—
Vp Grd Jct LLC
Wtn Coex IV LLC
Grant Deed
related
—
Jun 8, 2012
—
Wtn Coex IV LLC
—
Grant Deed
related
$3,140,000 · Alliance Bank
—
—
Jpk Trust Grand Junction II LLC
—
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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