Mesa County Q4 2024 Market Update Report
PUBLIC POLICY CHANGES
Mesa County Valley School District 41 Board of Education voted to close three elementary schools, citing low enrollment and poor building conditions and safety concerns: Nisley, Scenic, and Clifton Elementary Schools.
Mesa County Valley School District 51 Ballot Issue 4A: Shall District debt be increased to renovate Fruita Monument High School and Central High School, and make upgrades to other schools across the District? 60.55% Yes, 39.5% No
Mesa County Valley School District 51 Issue 4B: Shall the District be authorized to extend annual taxes to extend instructional days and update materials? 58.6% Yes, 41.36% No
Mesa County Ballot Issue 1A: Using the debt from revenue bonds payable from County sales tax, shall an interstate interchange connecting 29 Road to I-70 be constructed? 43.4% Yes, 56.6% No
Mesa County Ballot Issue 1B: Shall the County retain and spend revenue excess of the current TABOR limit for county roads? 43.4% Yes, 56.6% No
DEVELOPMENTS
Resource Center (2851½ North Avenue) (under contract): The unhoused resource center is currently located in downtown Grand Junction and opened last January. It was constructed with the backing of nearly $1 million in city funds to provide support for the city’s unhoused residents. Less than a year after its opening, however, some downtown residents and business owners called for the shelter’s immediate closure.
Emerson Skate Park (301 S. 10th Street) (now open): 2.5-acre concrete skate park the skating community has waited decades for. The city council approved a guaranteed max price for the redesign of nearly $3 million dollars.
Dutch Bros. Coffee (498 Sparn Street) (now open): 950 sq.ft. drive-thru coffee shop.
Dickey’s BBQ Pit (115 W. Grand Avenue) (now open): Conversion of 4,732 sq.ft. former Subway.
Lululemon (now open): Athleisure retailer in Mesa Mall (2424 Hwy 6&50).
Wingstop (2835½ North Avenue) (now open): 2,310 sq.ft. chicken wing franchise.
Del Taco (closed) – Jack in the Box (coming soon!) (2513 Hwy 6&50) – 2,983 sq.ft. QSR with drive-thru.
| 2023 YTD | 2024 YTD | %+- | |
| VELOCITY (Source – Mesa County Assessor) | |||
| Commercial Sales Volume |
$210.8M |
$263.5M |
+25% |
| Commercial Transactions | 207 | 218 |
+5% |
| VACANCY RATE | |||
| CAP RATE |
7.5% |
7.5% |
0% |
| SALES TAX INDICATORS (Source – Mesa County) | |||
| All Sales Tax |
$53.5M |
$54.7M |
+2.2% |
| Lodging Taxes |
Unavailable |
Unavailable |
