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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Medical Office Space
1001 Wellington Ave, Grand Junction, CO 81501-8122
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1188274
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,329 SF
Lot
0.81 ac (35,284 SF)
Zoning code
B-1
APN
2945-111-21-001
UPID
US13-1188274
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
-
Western Colorado Health Network Charitable Organization Social Service Agency
-
Dr. Stuart Ackley Physician
-
Dr. Arline H. Burnell, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Colorado Health Network INC · 4 yrs held
Colorado Health Network INC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
B-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$835,000
+95.1%
Commercial (general)
$720,000
+67.5%
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
$705,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$835,000
Change: +95% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: +67% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $1.00M (Jun 2 2022)
Last sale anchor
$1.00M
Jun 2 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
$164 / 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
$20,787
Tax year 2023
Assessed value
$294,010
Assessed 2023
Previous assessed
$216,650
+35.7% YoY
Effective rate
7.07%
On assessed value
Assessed land
$68,910
Assessed improvement
$225,100
Land market value
$246,990
Improvement market value
$806,820
Total market value
$1,053,810
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
1
Rooms
10
Bathrooms
0
Total area
5,329 SF
Lot
0.81 ac (35,284 SF)
Zoning code
B-1
APN
2945-111-21-001
UPID
US13-1188274
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
$835,000
COMMERCIAL (GENERAL)
Est. value
$720,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Rooms
10
Bathrooms
0
Lot
0.81 ac
Current owner
From public records · entity-resolved
Colorado Health Network INC
Entity
Mailing address
6260 E COLFAX AVE, DENVER, CO 80220-1515
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$1,000,000
Colorado Health Network INC
Corbin Coloraiod Gj Ltd
Special Warranty Deed
$960,000 · Bokf NA
Apr 9, 2014
$649,635
Corbin Colorado Gj Ltd
Gs Investments LLC
Warranty Deed
—
Jun 16, 2000
—
Gs Investments LLC
Kempers,glenn R
Quit Claim Deed
related
—
—
—
Gs Investments LLC
—
Loan Modification
related
$599,250 · Wells Fargo Bank
—
—
Gs Investments LLC
—
Deed Of Trust
related
$175,232 · George
—
—
Gs Investments LLC
—
Deed Of Trust
related
$176,363 · Individual
—
—
Gs Investments LLC
—
Deed Of Trust
related
$600,000 · Wells Fargo Bank West NA
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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