754 Horizon DrGrand Junction, CO 81506

Property Details for 754 Horizon Dr

Year built

1977

Construction

WOOD

Lot size

1.78 AC

Property size (Sq ft)

34,560 SF

Zone code

C-1

Property type

Hotels

Property subtype

Motels

APN

2701-361-26-026

APU

270136126026

Description

This 90-key Baymont by Wyndham hotel in Grand Junction, Colorado, presents a compelling investment opportunity. Ideally situated near Grand Junction Regional Airport and Grand Junction Speedway, with easy access from Interstate-70 and Horizon Drive, this property offers excellent visibility and convenient access for guests. Originally built in 1978 and extensively renovated in 2022 with a $1.1 million investment, the hotel benefits from the recent conversion to the Baymont brand. This upgrade provides a strong foundation for increased revenue and the ability to meet current market demands. The property is offered fee-simple and is unencumbered by management agreements, providing owners with complete control and operational flexibility. Leveraging the established Wyndham brand and its loyal customer base, this asset promises consistent cash flow and significant potential for appreciation. The hotel's location in Mesa County, at 754 Horizon Dr, Grand Junction, CO 81506 (39.1138008, -108.5343324), ensures strong occupancy rates. This is a rare chance to acquire a well-positioned, recently renovated hotel with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $5,326,420

  6.5%

  $4,916,690

  7%

  $4,565,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,978,180

  Geo Method

  $2,427,040

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,926,200

  Retail / Commercial

  $6,658,850

  Mixed-Use / Specialty

  $6,659,040

  Office

  $6,644,420

  Institutional / Educational

  $6,931,280

  Residential Income

  $8,109,590

  Multifamily

  $9,593,510

  Automotive / Energy

  $5,941,090

  Parking / Income-Based Land

  $2,026,550

  Restaurant / Food Service

  $3,514,510

  Healthcare / Senior Housing

  $6,804,180

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.1141

Longitude

-108.534

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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