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Property profile & analytics
OFF-MARKET Estimated value $770,000
Warehouses

739 3rd Ave Grand Junction, CO 81501-3717

18,228 SF 0.43 ac lot Built 1962
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US13-1226322
Property summary
AI-generated overview

This exceptional Grand Junction, CO property, located at 739 3rd Ave, 81501, offers 18,228 square feet of versatile industrial space, ideal for manufacturing, flex, warehouse, or distribution uses. The single-story, 1962-built building sits on a 0.43-acre lot and features a 14-foot ceiling height. Currently, 6,076 square feet of contiguous space is immediately available, divisible down to 3,000 square feet. The property boasts one drive-in door and six total parking spaces. Improvements were made in 1995. The building is classified as Class B and is zoned CG. The property tax rate is $0.60 per square foot. Its convenient location in a south city light industrial area provides easy access to both the downtown business district and the burgeoning Las Colonias River Park. Potential tenants should note that restroom addition is included in tenant finish. A comparable tenant finish example is available for viewing at a neighboring property. The property's 75-foot frontage and ample space make it a prime opportunity for businesses seeking a well-located and functional industrial space in a growing area. The APN is 2945-231-41-002.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,228 SF
Lot 0.43 ac (18,731 SF)
Zoning code I-2
APN 2945-231-41-002
UPID US13-1226322
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
  • Wet Dreams River Supply - Grand Junction Rafting Canoe & Kayak Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$815k
CAP Approach CAP
by Request
Comparable Approach Comparable
$538k
Blend (final) Blend
$770k
Owner & transaction history
Nak Property 2 LLC · 2 yrs held
Nak Property 2 LLC
since 2023
Last sale
$895,000
4 recorded transactions
2023
$895,000
2021
Price N/A
2011
$400,000
1969
Price N/A
Zoning & alternative use
I-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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