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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Office buildings
106 Lorey Dr Grand Junction, CO 81505-7032
Individually Owned
4-yr Hold
Property ID
US13-1012088
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
WOOD
Total area
2,838 SF
Lot
0.36 ac (15,682 SF)
Zoning code
1212
APN
2945-101-16-001
UPID
US13-1012088
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
-
Bruce A. Bishop, PhD Medical Clinic
-
Associates in Behavioral Counseling, LLC Crisis Center Medical Clinic
-
MIMI's Clinic Medical Clinic
-
Kelly Duncombe Physician Medical Clinic
-
Matthew Pettit Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$650k
Owner & transaction history
Paula J Marchionda · 4 yrs held
Paula J Marchionda
since 2022
Last sale
$697,000
7 recorded transactions
Zoning & alternative use
1212 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$505,000
+26.1%
Warehouse, storage
$420,000
+5.0%
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
$685,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$400,000
Current use
COMMERCIAL (GENERAL)
$505,000
Change: +26% · Conversion: Easy
WAREHOUSE, STORAGE
$420,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $697k (Apr 1 2022)
Last sale anchor
$697k
Apr 1 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
$229 / 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
$12,970
Tax year 2023
Assessed value
$183,440
Assessed 2023
Previous assessed
$179,670
+2.1% YoY
Effective rate
7.07%
On assessed value
Assessed land
$34,480
Assessed improvement
$148,960
Land market value
$123,570
Improvement market value
$533,920
Total market value
$657,490
Applied tax rate
10,301.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
2,838 SF
Lot
0.36 ac (15,682 SF)
Zoning code
1212
APN
2945-101-16-001
UPID
US13-1012088
Jurisdiction
MESA
Zoning & alternative use
1212 · Grand Junction, CO
Zoning 1212 · permitted uses
1212 · 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
OFFICE BUILDING Current
Est. value
$400,000
COMMERCIAL (GENERAL)
Est. value
$505,000
WAREHOUSE, STORAGE
Est. value
$420,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Paula J Marchionda
Individual
Mailing address
106 LOREY DR, GRAND JUNCTION, CO 81505-7032
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$697,000
Paula J Marchionda
Associats In Behavioral Counseling
Warranty Deed
$500,000 · Grand Valley Bank
Aug 2, 2018
—
Associates In Behavioral Couns
—
Deed
related
$450,187 · Anb Bk
Aug 16, 2017
—
Associates Of Behavioral Counseli
—
Trustees Deed
related
$487,500 · Anb Bk
Dec 20, 2013
$135,000
Associates Of Behavioral Counseli
Hers & Company LLC
Warranty Deed
$75,000 · Anb Bank
Jun 15, 2004
—
Hers & Co LLC
Nock,david L & Sherryl C
Grant Deed
related
—
Jul 20, 2001
$125,000
Sherryl C Nock
Mary L Manning Estate
Grant Deed
$75,000 · Community First National Bank
—
—
David L Nock
—
Deed Of Trust
related
$106,250 · Capital Commerce Mortgage Co
—
—
Associates In Behavioral Couns
—
Loan Modification
related
$450,187 · Anb Bk
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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