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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Hotels
708 Horizon Dr Grand Junction, CO 81506-3907
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0454475
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Construction
WOOD
Total area
32,563 SF
Lot
1.51 ac (65,776 SF)
Zoning code
C-1
APN
2701-364-00-074
UPID
US13-0454475
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
-
Days Inn by Wyndham Grand Junction Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.24M
Owner & transaction history
Bhullar Family Trust · 6 yrs held
Bhullar Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
C-1 · 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
$860,000
CAP Approach
CAP Return
Estimation
6%
$1,855,000
6.5%
$1,710,000
7%
$1,590,000
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10%
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
$38 / 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
$73,402
Tax year 2023
Assessed value
$991,780
Assessed 2023
Previous assessed
$585,650
+69.3% YoY
Effective rate
7.40%
On assessed value
Assessed land
$146,810
Assessed improvement
$844,970
Land market value
$526,210
Improvement market value
$3,028,570
Total market value
$3,554,780
Applied tax rate
14,102.0000
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
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
2
Units
80
Rooms
3
Bathrooms
1
Total area
32,563 SF
Lot
1.51 ac (65,776 SF)
Zoning code
C-1
APN
2701-364-00-074
UPID
US13-0454475
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.
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
80
Rooms
3
Bathrooms
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Bhullar Family Trust
Trust
Mailing address
708 HORIZON DR, GRAND JUNCTION, CO 81506-3907
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
$3,550,000
Bhullar Family Trust
David Mathis
Grant Deed
$3,075,000 · Bank Of George
Mar 21, 2017
$3,600,000
David Mathis
Grand Valley Hotel Group LLC
Special Warranty Deed
$2,700,000 · Timberline Bank
Feb 10, 2014
$2,100,000
Grand Valley Hotel Group LLC
Sarti Sandman Grand Junction
Grant Deed
$1,540,000 · Sarti Sandman Grand Junction
Dec 24, 2008
—
Sandman Grand Junction L Sarti
—
Trustees Deed
related
$250,000 · Alpine Bank
Aug 28, 2008
—
Sandman Grand Junction L Sarti
—
Trustees Deed
related
$202,573 · Alpine Bank
Apr 28, 2008
—
Sarti Sandman Grand Jct LLC
Sarti A & E Fam Trust
Quit Claim Deed
—
—
—
Grand Valley Hotel Group LLC
—
Deed Of Trust
related
$1,544,262 · First St Bk/co Spgs
—
—
Grand Valley Hotel Group LLC
—
Deed Of Trust
related
$300,000 · First St Bk/co Spgs
—
—
Sandman Grand Junction L Sarti
—
Deed Of Trust
related
$235,006 · Alpine Bank
—
—
Sandman Grand Junction L Sarti
—
Deed Of Trust
related
$202,659 · Alpine Bank
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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