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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Flex space
119 Pitkin Ave Grand Junction, CO 81501-7846
Entity Owned
Free & Clear
Property ID
US13-0049111
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,506 SF
Lot
22956.84 ac (999,999,999 SF)
Zoning code
B-2
APN
2945-143-48-001
UPID
US13-0049111
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
-
Friends of GJ Union Depot Charitable Organization Social Service Agency
-
Union Depot Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$505k
Owner & transaction history
Gj Union Deport LLC
Gj Union Deport LLC
since 2025
7 recorded transactions
Zoning & alternative use
B-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$690,000
Current use
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$67 / 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
$9,985
Tax year 2023
Assessed value
$111,880
Assessed 2023
Previous assessed
$99,600
+12.3% YoY
Effective rate
8.92%
On assessed value
Assessed land
$40,100
Assessed improvement
$71,780
Land market value
$143,740
Improvement market value
$257,280
Total market value
$401,020
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
2
Units
1
Rooms
10
Bathrooms
0
Total area
7,506 SF
Lot
22956.84 ac (999,999,999 SF)
Zoning code
B-2
APN
2945-143-48-001
UPID
US13-0049111
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
INDUSTRIAL (GENERAL) Current
Est. value
$690,000
INDUSTRIAL (GENERAL) Current
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Rooms
10
Bathrooms
0
Lot
22956.84 ac
Current owner
From public records · entity-resolved
Gj Union Deport LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 3612, GRAND JUNCTION, CO 81502-3612
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
Gj Union Deport LLC
Revolution Investments LLC
Quitclaim Deed
related
—
Jun 25, 2025
—
Revolution Ivestments LLC
—
Deed
related
$280,000 · Grand Juction Railroad Depot INC
Mar 30, 2016
$350,000
Revolution Investments LLC
Grand Jct Railroad Depot INC
Warranty Deed
$280,000 · Grand Jct Railroad Depot INC
Oct 13, 2011
$188,378
Grand Junction Railroad Depot
Alpine Bk
Grant Deed
—
Jan 14, 2010
$165,840
All Aboard LLC
Public Trustee Of Mesa County
Trustees Deed
—
Dec 21, 2009
$165,840
Alpine Bk
Public Trustee Of Mesa County
Certificate Of Purchase
related
$111,000
Dec 9, 2009
$165,840
Alpine Bk
Public Trustee Of Mesa County
Certificate Of Purchase
related
$111,000
Jul 25, 2006
—
All Aboard LLC
—
Trustees Deed
related
$111,000 · Alpine Bank
Nov 3, 2004
$740,000
All Aboard LLC
Depot Preservation & Restorati
Warranty Deed
$561,363 · Alpine Bank
Dec 29, 1993
$930,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
All Aboard LLC
—
Deed Of Trust
related
$51,326 · Alpine Bank
—
—
Preservation Depot
—
Deed Of Trust
related
$250,000 · David W & Darlene G Haile
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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