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    Grand Junction, CO 81501
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    Property profile & analytics

    Grand Junction, CO 81501

    View on Map
    • Warehouses
    • 21,504 SF
    • 1.93 lot acres
    Off-Market
    Property ID
    US13-1642778
    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
    $2,240,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details

    Year built
    1910
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.93 lot acres
    Property size
    21,504 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    2945-232-06-001
    APU
    294523206001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,350,000
      6.5%
      $3,095,000
      7%
      $2,870,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,170,000
      Current use
      OFFICE BUILDING
      $3,020,000
      Change: -5% Conversion: Difficult
      RETAIL STORES
      $2,940,000
      Change: -7% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,805,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.565
    Latitude
    39.0625
    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
    $26,547
    $139,560
    $211,120
    $350,680
    -
    $500,220
    $756,710
    $1,256,930

    Comparable in this City

    • Value Estimation
      $690,000
      7,140 SF

      620 4th St

      WAREHOUSE, STORAGE • 7,140 SF
      620 4th St, Grand Junction, CO 81501-2518
      View Details
    • Value Estimation by Request
      9,000 SF

      1915 I-70Bl

      Distribution properties • 9,000 SF
      1915 I-70Bl, Grand Junction, CO 81501
      View Details
    • Value Estimation by Request
      31,296 SF

      2872 I-70Bl

      Distribution properties • 31,296 SF
      2872 I-70Bl, Grand Junction, CO 81501
      View Details
    • Value Estimation
      $735,000
      760 SF

      167 17th St

      MINI-WAREHOUSE, STORAGE • 760 SF
      167 17th St, Grand Junction, CO 81501-4673
      View Details
    • Value Estimation by Request
      1.24 Acres

      631 9th St

      WAREHOUSE, STORAGE • 1.24 Acres
      631 9th St, Grand Junction, CO 81501-3733
      View Details
    • Value Estimation by Request
      1,210 SF

      1236 Kennedy Ave

      WAREHOUSE, STORAGE • 1,210 SF
      1236 Kennedy Ave, Grand Junction, CO 81501
      View Details

    Similar Nearby for Sale

    • $2,850,000

      Office and Warehouse on 5 Acres

      31,000 SF office and warehouse on 5 acres.
      2872 I-70 Business Loop, Grand Junction, CO 81501
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    • $3,400,000

      Office Warehouse with Mountain Views

      Office warehouse featuring mountain views, production space, and truck access.
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    • $319,000
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      Retail and Warehouse Space Available

      Mixed-use property with retail and warehouse space in prime location.
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    • Contact for pricing
      13,308 SF

      Office/Warehouse Property with Income Potential

      Office/warehouse property with redevelopment or owner/user opportunity.
      2801 Grand Ave, Grand Junction, CO 81501
      View Details
    • $649,000
      4,200 SF

      Commercial Flex Building with Residence

      Versatile commercial flex building with residential home in downtown.
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    • $785,000
      6,400 SF

      Warehouse with Office/Retail Storefront

      Commercial warehouse with office/retail space near downtown Grand Junction.
      804 Noland Ave, Grand Junction, CO 81501
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    Similar Nearby for Lease

    • $3,300 /Mo
      8,832 SF

      Grand Junction Warehouse/Manufacturing Space

      Warehouse/manufacturing space available off Riverside Parkway in Grand Junction, CO.
      744 Noland Ave, Grand Junction, CO 81501
      View Details
    • $4,200 /Mo
      42,840 SF

      Grand Junction Office/Warehouse Unit

      Office/warehouse unit with fenced yard in Grand Junction, Colorado.
      685 W Gunnison Ave, Grand Junction, CO 81501
      View Details
    • $4,500 /Mo
      4,704 SF

      Grand Junction Office/Warehouse Space

      Office and warehouse space with garage and yard.
      914 South Ave, Grand Junction, CO 81501
      View Details
    • $1,300 /Mo
      5,976 SF

      Warehouse/Office Space in Grand Junction

      1,178 sq ft warehouse/office space in prime location.
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      View Details
    • New
      $2,421 /Mo
      4,842 SF

      Versatile Industrial/Flex Space Available

      Functional commercial unit near Riverside Parkway with flexible use potential.
      395 Indian Rd, Grand Junction, CO 81501
      View Details
    • $3,600 /Mo
      3,600 SF

      Grand Junction Commercial Flex Space

      Flex space with office, bathroom, and overhead door.
      201 207 & 209, Grand Junction, CO 81501
      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.

    More about this property
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