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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Office Spaces
101 3rd St Grand Junction, CO 81501-2455
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0846209
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1905
Construction
STEEL FRAME
Total area
27,418 SF
Lot
0.22 ac (9,375 SF)
Zoning code
B-2
APN
2945-143-23-009
UPID
US13-0846209
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
-
The Goodbody Law Firm Law Firm
-
Withers Seidman Rice Mueller Goodbody P.C. Law Firm Insurance Agency
-
Tin Cup Realty Real Estate Agency
-
Art On The Corner Sculptor
-
Natural Resources Department State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.55M
Owner & transaction history
H R Adventures LLC · 1 yrs held
H R Adventures LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
B-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.0M
+13.0%
Office building
$3.9M
+7.6%
Retail stores
$3.8M
+4.7%
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
$2,550,000
ML approach
$2,550,000
CAP Approach
CAP Return
Estimation
6%
$2,055,000
6.5%
$1,895,000
7%
$1,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,580,000
Current use
WAREHOUSE, STORAGE
$4,045,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$3,850,000
Change: +8% · Conversion: Easy
RETAIL STORES
$3,750,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $2.55M (Nov 18 2024)
Last sale anchor
$2.55M
Nov 18 2024
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
$93 / 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
$38,838
Tax year 2023
Assessed value
$546,750
Assessed 2023
Previous assessed
$377,600
+44.8% YoY
Effective rate
7.10%
On assessed value
Assessed land
$94,160
Assessed improvement
$452,590
Land market value
$337,500
Improvement market value
$1,622,170
Total market value
$1,959,670
Applied tax rate
10,107.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1905
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
3
Units
1
Rooms
10
Bathrooms
2
Total area
27,418 SF
Lot
0.22 ac (9,375 SF)
Zoning code
B-2
APN
2945-143-23-009
UPID
US13-0846209
Jurisdiction
MESA
Zoning & alternative use
B-2 · Grand Junction, CO
Zoning B-2 · permitted uses
B-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.9M
RETAIL STORES
Est. value
$3.8M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
1905
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
2
Units
1
Rooms
10
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
H R Adventures LLC
Entity
Mailing address
101 S 3RD ST STE #360, GRAND JUNCTION, CO 81501-2477
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
$2,550,000
H R Adventures LLC
P & L Properties LLC
Special Warranty Deed
$1,000,000 · Timberline Bank
Jan 3, 2005
—
P & L Properties LLC
—
Deed Of Trust
related
$8,551,662 · Alpine Bank
—
—
P & L Properties LLC
—
Deed Of Trust
related
$1,105,544 · Alpine Bank
—
—
P & L Properties LLC
—
Deed Of Trust
related
$1,105,544 · Alpine Bank
—
—
P & L Properties LLC
—
Deed Of Trust
related
—
—
—
P & L Properties LLC
—
Deed Of Trust
related
—
—
—
P & L Properties LLC
—
Deed Of Trust
related
$251,586 · Alpine Bank
—
—
P & L Properties LLC
—
Deed Of Trust
related
$7,245,627 · Alpine 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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