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    Fruita, CO 81521
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    Property profile & analytics

    , Fruita, CO 81521

    View on Map
    • Office Spaces
    • 0.16 lot acres
    Off-Market
    Property ID
    US13-1607634
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details

    Lot size
    0.16 lot acres
    Property type
    Office Spaces
    APN
    2697-172-21-006
    APU
    269717221006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 15, 2003 — Efi Development Atkinson,clark Quit Claim Deed · related —
    May 14, 2003 — Clark Atkinson Skarvan,erik Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fruita
    County
    Mesa
    State
    Colorado
    Longitude
    -108.734
    Latitude
    39.158
    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
    $2,306
    $27,270
    $1,000
    $28,270
    -
    $97,730
    $3,590
    $101,320

    Comparable in this City

    • Value Estimation by Request
      1,569 SF

      851 21st Rd

      OFFICE (GENERAL)
      851 21st Rd, Fruita, CO 81521-9316
      View Details
    • Value Estimation by Request
      758 SF

      151 Peach St

      OFFICE (GENERAL)
      151 Peach St, Fruita, CO 81521-2230
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    • Value Estimation by Request
      737 SF

      432 Aspen Ave

      OFFICE (GENERAL)
      432 Aspen Ave, Fruita, CO 81521-2202
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    • Value Estimation by Request
      720 SF

      873 Hwy 6th And 50

      OFFICE (GENERAL)
      873 Hwy 6th And 50, Fruita, CO 81521-3137
      View Details
    • Value Estimation by Request
      1,250 SF

      130 Aspen Ave

      OFFICE (GENERAL)
      130 Aspen Ave, Fruita, CO 81521-2542
      View Details
    • Value Estimation
      $700,000
      7,880 SF

      157 Mesa St

      OFFICE (GENERAL)
      157 Mesa St, Fruita, CO 81521-2500
      View Details

    Similar Nearby for Sale

    • $500,000

      Fruita Mixed-Use Development Opportunity

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      Fruita Warehouse and Office Space

      Warehouse and office space for lease in Fruita, Colorado.
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      40 Acres Irrigated Land

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      Land in Picturesque Fruita, Colorado

      Land with mountain views and vibrant lifestyle in Fruita, Colorado.
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      Fruita Land with Development Potential

      Large lot with multiple taps and mixed-use zoning.
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    Similar Nearby for Lease

    • $3,054 /Mo
      1,666 SF

      Medical Office Condo Suite

      Well-designed medical condo with waiting area, exam rooms, and nurse stations for efficient outpatient care.
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    • $1,900 /Mo
      11,250 SF

      Industrial Warehouse with Office

      Functional warehouse setup with an overhead door and attached office, ideal for small industrial and light commercial operations.
      864 20 Rd, Fruita, CO 81521
      View Details
    • Contact for pricing

      Fruita Roundabout Upstairs Office Space

      720 SF office space in Fruita's vibrant Roundabout.
      156 S Park Sq, Fruita, CO 81521
      View Details
    • $3,084 /Mo
      7,200 SF

      Insulated Warehouse with Mezzanine

      Climate-controlled warehouse with multiple overhead doors and dedicated office-ready mezzanine for efficient operations and administration.
      221 Hwy, Fruita, CO 81521
      View Details
    • $775 /Mo
      3,840 SF

      Upstairs Office Suite on Roundabout

      Turnkey, wide-open upstairs office suite with secure shared entry and strong access to Fruita’s dining and retail.
      156 Park Sq, Fruita, CO 81521
      View Details
    • $3,083 /Mo
      1,408 SF

      Fruita Retail/Office Space For Lease

      Customizable retail/office space with high traffic and easy I-70 access.
      401 Jurassic Ave, Fruita, CO 81521
      View Details
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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.

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