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Property profile & analytics
OFF-MARKET
Office Spaces
117 Main St Palisade, CO 81526-5046
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2783843
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1905
Construction
WOOD
Total area
1,240 SF
Lot
0.11 ac (4,792 SF)
Zoning code
MU
APN
2937-091-00-035
UPID
US13-2783843
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
-
Two Blondes Cafe & Coffee Shop
-
Unification, LLC Social Service Agency Community Center
-
The Palisade Trolley Tour Operator (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hummel Land Co Rph Series 2 LLC · 4 yrs held
Hummel Land Co Rph Series 2 LLC
since 2022
Last sale
$340,000
7 recorded transactions
Zoning & alternative use
MU · Palisade, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of MU zone is to facilitate adaptive re use and preservation of older residential structures and compatible new nonresidential development
Zone name
Mixed Use
General category
MIXED_USE
Zone area
47.59 ac
Source
Realmo
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 Palisade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palisade 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,536
Tax year 2023
Assessed value
$80,470
Assessed 2023
Previous assessed
$33,590
+139.6% YoY
Effective rate
8.12%
On assessed value
Assessed land
$19,720
Assessed improvement
$60,750
Land market value
$70,680
Improvement market value
$217,750
Total market value
$288,430
Applied tax rate
14,500.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Bathrooms
7
Total area
1,240 SF
Lot
0.11 ac (4,792 SF)
Zoning code
MU
APN
2937-091-00-035
UPID
US13-2783843
Jurisdiction
MESA
Zoning & alternative use
MU · Palisade, COZoning MU · permitted uses
MU · Palisade, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of MU zone is to facilitate adaptive re use and preservation of older residential structures and compatible new nonresidential development
Zone name
Mixed Use
General category
MIXED_USE
Zone area
47.59 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1905
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
7
Lot
0.11 ac
Current owner
From public records · entity-resolved
Hummel Land Co Rph Series 2 LLC
Entity
Mailing address
598 PRESERVE LN, GRAND JUNCTION, CO 81507-8758
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 6, 2022
$340,000
Hummel Land Co Rph Series 2 LLC
Tammy Tallant
Warranty Deed
$162,850 · Grand Valley Bank
May 30, 2019
—
Tammy Tallant
—
Deed
related
$161,250 · Alpine Bank
Jul 29, 2016
$115,000
Tammy Tallant
Robert F Sweeney
Warranty Deed
$103,500 · Alpine Bank
Oct 5, 2007
$159,900
Robert F Sweeney
Schutz,patrick F & Diane E
Warranty Deed
$119,250 · First American State Bank
May 11, 2006
$120,000
Patrick F Schutz
Alpine Bank
Grant Deed
$90,615 · Alpine Bank
Dec 13, 2005
$113,519
Alpine Bank
Public Trustee Of Mesa County
Trustees Deed
related
—
—
—
Robert F Sweeney
—
Deed Of Trust
related
$95,059 · First American State Bank
—
—
Betty E Brown
—
Deed Of Trust
related
$100,726 · 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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