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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    743 Horizon Dr Grand Junction, CO 81506-3906

    • Hotels
    • 177,880 SF
    • 10.03 lot acres
    OFF-MARKET
    Value Estimations
    $8,550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0671229
    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

    • DoubleTree by Hilton Hotel Grand Junction / Hotel
    • Natural Resources Conservation / Conservation Department
    • LibertyX Bitcoin ATM / Atm
    • Bistro 743 / American Restaurant

    Property Details for 743 Horizon Dr

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.03 lot acres
    Property size
    177,880 SF
    Zone code
    C-1
    Property type
    Hotels
    APN
    2701-364-28-008
    APU
    270136428008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,135,000
      6.5%
      $9,355,000
      7%
      $8,685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.542
    Latitude
    39.1127
    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
    $240,506
    $487,630
    $2,762,010
    $3,249,640
    -
    $1,747,780
    $9,899,680
    $11,647,460

    Comparable in this City

    • Value Estimation
      $4,060,000
      109,008 SF

      755 Horizon Dr

      HOTEL/MOTEL • 109,008 SF
      755 Horizon Dr, Grand Junction, CO 81506-3935
      View Details
    • Value Estimation
      $3,870,000
      92,988 SF

      728 Horizon Dr

      HOTEL/MOTEL • 92,988 SF
      728 Horizon Dr, Grand Junction, CO 81506-3907
      View Details
    • Value Estimation
      $6,160,000
      27,865 SF

      750 34th Horizon Dr

      HOTEL/MOTEL • 27,865 SF
      750 34th Horizon Dr, Grand Junction, CO 81506-8709
      View Details
    • Value Estimation
      $3,275,000
      80,484 SF

      790 Aviators Way

      HOTEL • 80,484 SF
      790 Aviators Way, Grand Junction, CO 81506
      View Details
    • Value Estimation by Request
      6,060 SF

      800 Heritage Way

      HOTEL • 6,060 SF
      800 Heritage Way, Grand Junction, CO 81506-8640
      View Details
    • Value Estimation
      $1,795,000
      34,560 SF

      754 Horizon Dr

      HOTEL/MOTEL • 34,560 SF
      754 Horizon Dr, Grand Junction, CO 81506-3932
      View Details

    Similar Nearby for Sale

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      Three parcels totaling 3.65 acres ready for development.
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    • $1,397,000
      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
    • $1,997,000
      6.24 Acres

      Grand Junction Commercial Land Available

      Two commercial lots totaling 6.24 acres near I-70.
      2785 Printers Ct, Grand Junction, CO 81506
      View Details

    Similar Nearby for Lease

    • $2,250 /Mo
      43,109 SF

      Grand Junction Office Space Available

      Remodeled office space near the airport with gym access.
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      View Details
    • $1,380 /Mo
      71,410 SF

      Grand Junction Office Space Available

      Office space in professional campus, convenient location, move-in ready.
      715 Horizon Dr, Grand Junction, CO 81506
      View Details
    • $1,910 /Mo
      Pending

      Retail/Office Space on Patterson Road

      Corner unit with high visibility, suitable for retail or office.
      2695 Patterson Rd, Grand Junction, CO 81506
      View Details
    • $900 /Mo
      6,704 SF

      Grand Junction Retail/Office Space

      Retail/office space available in a prime traffic location.
      2683 N Patterson F Rd, Grand Junction, CO 81506
      View Details
    • $1,100 /Mo
      43,129 SF

      Grand Junction Office Space For Rent

      Second floor office space in multi-tenant professional building.
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      View Details
    • Contact for pricing
      162,478 SF

      Grand Junction Office Space for Lease

      Flexible Office Suites in Prime Location
      2764 Compass Dr, Grand Junction, CO 81506
      View Details
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    743 Horizon Dr
    Grand Junction, CO 81506-3906
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    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
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