Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    666 23rd Rd Grand Junction, CO 81505-9440

    • Manufacturing properties
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Oct 04, 2021
    $2,700,000
    Value Estimations
    $2,680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1030241
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 666 23rd Rd

    Lot size
    1.00 lot acres
    Zone code
    I-1
    Property type
    Manufacturing properties
    APN
    2945-052-00-006
    APU
    294505200006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,680,000
      ML approach
      $2,595,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.626
    Latitude
    39.1015
    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
    $2,945
    $39,500
    $2,160
    $41,660
    -
    $141,570
    $7,740
    $149,310

    Comparable in this City

    • Value Estimation
      $225,000
      1,430 SF

      711 Independent Ave

      MANUFACTURING (LIGHT) • 1,430 SF
      711 Independent Ave, Grand Junction, CO 81505-7126
      View Details
    • Value Estimation
      $3,390,000
      2.00 Acres

      Grand Junction, CO 81505

      MANUFACTURING (LIGHT) • 2.00 Acres
      Grand Junction, CO 81505
      View Details
    • Value Estimation
      $2,865,000
      22,084 SF

      2202 12th H Rd

      MANUFACTURING (LIGHT) • 22,084 SF
      2202 12th H Rd, Grand Junction, CO 81505-9701
      View Details
    • Value Estimation
      $350,000
      4,000 SF

      580 25th Rd

      MANUFACTURING (LIGHT) • 4,000 SF
      580 25th Rd, Grand Junction, CO 81505-1230
      View Details
    • Value Estimation
      $2,850,000
      50,896 SF

      630 Hollingsworth St

      MANUFACTURING (LIGHT) • 50,896 SF
      630 Hollingsworth St, Grand Junction, CO 81505-1000
      View Details
    • Value Estimation
      $280,000
      1.02 Acres

      2136 Bond St

      MANUFACTURING (LIGHT) • 1.02 Acres
      2136 Bond St, Grand Junction, CO 81505-8410
      View Details

    Similar Nearby for Sale

    • $1,950,000
      15,160 SF

      Grand Junction Industrial Property

      15,160 SF Manufacturing Building, $1.95M
      599 Northgate Dr, Grand Junction, CO 81505
      View Details
    • $950,000
      7,052 SF

      Grand Junction Industrial Property

      Versatile Warehouse, Excellent Location
      2520 Weslo Ct, Grand Junction, CO 81505
      View Details
    • $3,850,000
      12.00 Acres

      Grand Junction Industrial Land Sale

      12-Acre Commercial/Industrial Lot, I-70 Visibility
      2211 Hallco Dr, Grand Junction, CO 81505
      View Details
    • $375,000

      Industrial Warehouse Condo For Sale

      6,185 SF industrial warehouse condo with tenant in place.
      702 23 1/10 Rd, Grand Junction, CO 81505
      View Details
    • $550,000
      1.64 Acres

      Grand Junction Commercial Opportunity

      Located in Foresight Park, suitable for various commercial uses.
      625 Hollingsworth St, Grand Junction, CO 81505
      View Details
    • $1,350,000
      7,400 SF

      7,400 SF Office/Shop/Warehouse

      7,400 SF office/shop/warehouse on 3.83 acre lot.
      789 Valley Ct, Grand Junction, CO 81505
      View Details

    Similar Nearby for Lease

    • $53,640
      35,760 SF

      New Industrial Space Available

      Modern industrial suites for lease in Grand Junction, Colorado.
      1600 Las Colonias Dr, Grand Junction, CO 81505
      View Details
    • $2,520 /Mo
      12,250 SF

      Grand Junction Commercial Flex Space

      Versatile flex space in Grand Junction, suitable for various businesses.
      2487 Industrial Blvd, Grand Junction, CO 81505
      View Details
    • $1,331 /Mo
      12,250 SF

      Grand Junction Commercial Flex Space

      Versatile flex space suitable for various commercial or industrial uses.
      2487 Industrial Blvd, Grand Junction, CO 81505
      View Details
    • $1,850 /Mo
      1,644 SF

      Commercial Condo with Warehouse Space

      Office/retail condo with warehouse, ideal for storage/distribution.
      598 N Commercial Dr, Grand Junction, CO 81505
      View Details
    • $7,280 /Mo
      6,720 SF

      Warehouse with Fenced Yard

      6,000 SF warehouse with office space and fenced yard.
      596 N Commercial Dr, Grand Junction, CO 81505
      View Details
    • $8,900 /Mo
      Pending

      Grand Junction Commercial Opportunity

      Versatile commercial property with office, lab, and industrial features.
      787 Valley Ct, Grand Junction, CO 81505
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    666 23rd Rd
    Grand Junction, CO 81505-9440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.