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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Hotels
728 Horizon Dr Grand Junction, CO 81506-3907
Entity Owned
4-yr Hold
Property ID
US13-0652031
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1981
Total area
92,988 SF
Lot
1.82 ac (79,279 SF)
Zoning code
C-1
APN
2701-364-00-106
UPID
US13-0652031
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
-
ATM - Us ATM Network Atm, Inc. Atm
-
Super 8 by Wyndham Grand Junction Colorado Hotel & Motel
-
Banana Amusement Park Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.56M
CAP Approach
CAP
$4.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.87M
Owner & transaction history
V&j Hospitality LLC · 4 yrs held
V&j Hospitality LLC
since 2022
Last sale
$4.0M
3 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
$3,925,000
ML approach
$3,555,000
CAP Approach
CAP Return
Estimation
6%
$5,295,000
6.5%
$4,890,000
7%
$4,540,000
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $4.00M (Jun 30 2022)
Last sale anchor
$4.00M
Jun 30 2022
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
$42 / 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
$85,700
Tax year 2023
Assessed value
$919,600
Assessed 2023
Previous assessed
$731,850
+25.7% YoY
Effective rate
9.32%
On assessed value
Assessed land
$176,950
Assessed improvement
$742,650
Land market value
$634,230
Improvement market value
$2,661,840
Total market value
$3,296,070
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
1981
Heating
FORCED AIR
Cooling
WALL UNIT
Buildings
2
Stories
3
Units
1
Rooms
3
Bathrooms
1
Total area
92,988 SF
Lot
1.82 ac (79,279 SF)
Zoning code
C-1
APN
2701-364-00-106
UPID
US13-0652031
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
1981
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
1
Rooms
3
Bathrooms
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
V&j Hospitality LLC
Entity
Mailing address
728 HORIZON DR, GRAND JUNCTION, CO 81506-3907
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
$4,000,000
V&j Hospitality LLC
Feeley Family Lllp
Special Warranty Deed
$2,190,000 · The Bank Of Hemet
—
—
Feeley Family LP
—
Deed Of Trust
related
$2,800,000 · Mesa National Bank
—
—
Feeley Family LP
—
Deed Of Trust
related
$200,000 · Mesa National 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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