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Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Medical Office Space
1000 Wellington Ave, Grand Junction, CO 81501-8180
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0836829
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
WOOD
Total area
13,495 SF
Lot
1.51 ac (65,775 SF)
Zoning code
B-1
APN
2945-111-20-007
UPID
US13-0836829
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ICON Eyecare Physician
-
Dr. Jerry O. Bush, MD Ophthalmologist
-
ICON Eyecare - Wellington Optometrist Eye Care Center
-
Ryan Gerbing, OD Physician
-
Day Surgery of Grand Junction Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.25M
Owner & transaction history
Situs Cfc One LLC · 3 yrs held
Situs Cfc One LLC
since 2022
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
B-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+95.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grand Junction submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Junction submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,570,000
ML approach
$3,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,120,000
Change: +95% · Conversion: Difficult
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±10% · vs last sale $3.65M (Nov 18 2022)
Last sale anchor
$3.65M
Nov 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$241 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$54,243
Tax year 2023
Assessed value
$767,210
Assessed 2023
Previous assessed
$547,620
+40.1% YoY
Effective rate
7.07%
On assessed value
Assessed land
$112,490
Assessed improvement
$654,720
Land market value
$403,200
Improvement market value
$2,346,650
Total market value
$2,749,850
Applied tax rate
10,101.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Bathrooms
5
Total area
13,495 SF
Lot
1.51 ac (65,775 SF)
Zoning code
B-1
APN
2945-111-20-007
UPID
US13-0836829
Jurisdiction
MESA
Zoning & alternative use
B-1 · Grand Junction, CO
Zoning B-1 · permitted uses
B-1 · Grand Junction, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Junction. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.1M
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
5
Lot
1.51 ac
Current owner
From public records · entity-resolved
Situs Cfc One LLC
Entity
Mailing address
3333 S BANNOCK ST STE #300, ENGLEWOOD, CO 80110-2423
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2022
$3,650,000
Situs Cfc One LLC
Western Rockies Investment Group Ll
Special Warranty Deed
$3,028,000 · Alpine Bank
Jul 28, 2016
—
Western Rockies Investment Group Ll
—
Deed
related
$683,397 · Bank Of The San Juans
—
—
Western Rockies Inv Group
—
Deed Of Trust
related
$99,765 · Alpine Bank
—
—
Western Rockies Inv Group
—
Deed Of Trust
related
$194,446 · Individual
—
—
Western Rockies Investment
—
Deed Of Trust
related
$990,960 · Heritage Bank
—
—
Western Rockies Inv Group LLC
—
Deed Of Trust
related
$487,795 · Timberline Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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