Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    722 Horizon Dr Grand Junction, CO 81506-3907
    Property profile & analytics

    722 Horizon Dr, Grand Junction, CO 81506-3907

    View on Map
    • Grocery and convenience stores
    • 5,710 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US13-0718450
    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
    $1,405,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Exxon / Gas Station
    • Loco Food Store / Grocery & Convenience Store
    • alta convenience / Grocery & Convenience Store
    • Conoco / Gas Station

    Property Details for 722 Horizon Dr

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    0.50 lot acres
    Zone code
    C-1
    Property type
    Grocery and convenience stores
    APN
    2701-364-00-114
    APU
    270136400114

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,400,000
      6.5%
      $1,290,000
      7%
      $1,200,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,518,000
      Market price range: $794k - $1.52M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.542
    Latitude
    39.1091
    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
    $13,872
    $54,690
    $132,750
    $187,440
    -
    $196,020
    $475,800
    $671,820

    Comparable in this City

    • Value Estimation by Request
      1,020 SF

      2860 Navigators Way, Unit 12

      CONVENIENCE STORE
      2860 Navigators Way, Grand Junction, CO 81506-3957
      View Details
    • Value Estimation by Request
      695 SF

      2860 Aviators Wayb14

      CONVENIENCE STORE
      2860 Aviators Wayb14, Grand Junction, CO 81506
      View Details
    • Value Estimation by Request
      1,259 SF

      2860 Aviators Wayb11

      CONVENIENCE STORE
      2860 Aviators Wayb11, Grand Junction, CO 81506
      View Details
    • Value Estimation by Request
      927 SF

      2860 Aviators Waya2

      CONVENIENCE STORE
      2860 Aviators Waya2, Grand Junction, CO 81506
      View Details
    • Value Estimation by Request
      884 SF

      2860 Aviators Waya1

      CONVENIENCE STORE
      2860 Aviators Waya1, Grand Junction, CO 81506
      View Details
    • Value Estimation by Request
      2,072 SF

      2860 Aviators Wayc1

      CONVENIENCE STORE
      2860 Aviators Wayc1, Grand Junction, CO 81506
      View Details

    Similar Nearby for Sale

    • $599,000
      1,842 SF

      Profitable Liquor Store Opportunity

      Established liquor store for sale in Grand Junction, Colorado.
      715 Horizon Dr, Grand Junction, CO 81506
      View Details
    • Contact for pricing
      1,842 SF

      Profitable Liquor Store in Grand Junction

      Established liquor store with strong financials and prime location.
      715 Horizon Dr, Grand Junction, CO 81506
      View Details
    • Contact for pricing
      4,395 SF

      Restaurant Building on Horizon Court

      Restaurant and real estate for sale in excellent location.
      753 Horizon Ct, Grand Junction, CO 81506
      View Details
    • $595,000

      Industrial Land For Sale

      16-acre commercial building lot in developed industrial location.
      00 Bond St, Grand Junction, CO 81506
      View Details
    • $140,000
      0.22 Acres

      Premier Lot in Grand Junction

      Desirable lot to build your dream home in Grand Junction.
      658 Horizon Glen Dr, Grand Junction, CO 81506
      View Details
    • $250,000
      0.59 Acres

      Unique Lot with Stunning Views

      0.59 acre lot with panoramic views, no HOA.
      Cascade Dr, Grand Junction, CO 81506
      View Details

    Similar Nearby for Lease

    • $1,341 /Mo
      18,559 SF

      Prime Retail/Office Suite

      Front-and-rear access with massive retail windows, ample parking, and tenant improvements available.
      759 Horizon Dr, Grand Junction, CO 81506
      View Details
    • $2,340 /Mo
      18,559 SF

      Retail/Office Corner Suite with Parking

      A horizon-facing corner unit with expansive windows, private restroom, and front and rear entry for flexible retail or office use.
      759 Horizon Dr, Grand Junction, CO 81506
      View Details
    • Contact for pricing

      Horizon Drive Retail/Office Space

      Prime retail/office space with high visibility and easy access.
      F-759 Horizon Dr, Grand Junction, CO 81506
      View Details
    • $1,700 /Mo
      9,418 SF

      Retail or Office Sublet Suite

      Suite in Village Square Shopping Center with dedicated access and strong visibility, suited for office or service use with minor build-out.
      2695 Patterson Rd, Grand Junction, CO 81506
      View Details
    • $2,025 /Mo
      18,559 SF

      Corner Retail/Office Suite

      Main-level corner space with private office, conference room, and large retail windows plus front and rear entry.
      759 Horizon Dr, Grand Junction, CO 81506
      View Details
    • $3,540 /Mo
      2,469 SF

      Upgraded Medical Office Suite

      Move-in ready suite with eight offices, conference and break room, plus upgraded reception and ample off-street parking.
      2646 Patterson Rd, Grand Junction, CO 81506
      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.
    722 Horizon Dr
    Grand Junction, CO 81506-3907
    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

    Thank You for Inquiry
    722 Horizon Dr, Grand Junction, CO, 81506
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!