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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Flex space
121 Bower Ave Palisade, CO 81526-8715
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2516948
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1951
Construction
WOOD
Total area
8,280 SF
Lot
0.36 ac (15,473 SF)
Zoning code
B-2
APN
2937-091-00-094
UPID
US13-2516948
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
-
Mountainside Production Services, Inc. Tech Support Center Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$590k
Owner & transaction history
Riddell-brosig LLC · 12 yrs held
Riddell-brosig LLC
since 2013
6 recorded transactions
Zoning & alternative use
B-2 · Palisade, 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 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
Method
Estimation
Statistic approach
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$940,000
Current use
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$71 / 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
$13,274
Tax year 2023
Assessed value
$164,390
Assessed 2023
Previous assessed
$108,710
+51.2% YoY
Effective rate
8.07%
On assessed value
Assessed land
$22,850
Assessed improvement
$141,540
Land market value
$81,890
Improvement market value
$507,310
Total market value
$589,200
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1951
Construction
WOOD
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
8,280 SF
Lot
0.36 ac (15,473 SF)
Zoning code
B-2
APN
2937-091-00-094
UPID
US13-2516948
Jurisdiction
MESA
Zoning & alternative use
B-2 · Palisade, CO
Zoning B-2 · permitted uses
B-2 · Palisade, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palisade. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$940,000
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
1951
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Riddell-brosig LLC
Entity
Mailing address
3684 G 410TH RD, PALISADE, CO 81526-9750
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2013
$270,000
Riddell-brosig LLC
Meens,laurence K
Warranty Deed
$210,000 · Laurence K Meens
Mar 14, 2013
$260,000
Laurence K Meens
Palisade Land Company LLC
Warranty Deed
—
Feb 13, 2008
$483,600
Palisade Land Co LLC
Eberhardt,steve A
Warranty Deed
$386,880 · Timberline Bank
Apr 4, 2006
—
Staley Rentals LLC
Staley E A & D D Trust
Quit Claim Deed
related
—
Apr 4, 2006
$240,000
Steve A Eberhardt
Staley Rentals LLC
Warranty Deed
$180,000 · First National Bank Of The Rockies
Jan 3, 2005
—
Staley Rentals LLC
Stanley E A & D D Trust
Quit Claim Deed
related
—
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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