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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
1227 23rd St Grand Junction, CO 81501-6565
Entity Owned
~
Est. High Equity
Property ID
US13-0515043
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD
Total area
7,728 SF
Lot
0.69 ac (30,056 SF)
Zoning code
C-1
APN
2945-124-26-002
UPID
US13-0515043
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
-
Mettā Yoga Gym & Fitness Center
-
Orange Door Community Wellness Gym & Fitness Center
-
MC Republican Party Advocacy Group Volunteer Organization
-
Spoke + Blossom magazine Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$347k
Blend (final)
Blend
$500k
Owner & transaction history
1227 N 23rd St LLC
1227 N 23rd St LLC
since 2025
Last sale
$570,000
7 recorded transactions
Zoning & alternative use
C-1 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $570k (Jun 16 2025)
Last sale anchor
$570k
Jun 16 2025
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
$65 / 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
$12,658
Tax year 2023
Assessed value
$179,040
Assessed 2023
Previous assessed
$124,000
+44.4% YoY
Effective rate
7.07%
On assessed value
Assessed land
$58,700
Assessed improvement
$120,340
Land market value
$210,390
Improvement market value
$431,340
Total market value
$641,730
Applied tax rate
10,101.0000
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
1978
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
8
Rooms
10
Bathrooms
2
Total area
7,728 SF
Lot
0.69 ac (30,056 SF)
Zoning code
C-1
APN
2945-124-26-002
UPID
US13-0515043
Jurisdiction
MESA
Zoning & alternative use
C-1 · Grand Junction, CO
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
8
Rooms
10
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
1227 N 23rd St LLC
Entity
Mailing address
PO BOX 1059, PALISADE, CO 81526-1059
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
Becky S Quinn
—
Deed
related
$530,000 · Becky S Quinn Etal
Feb 26, 2026
—
1227 N 23rd St LLC
—
Deed
related
$250,000 · Becky S Quinn
Nov 4, 2025
—
1227 N 23rd St LLC
—
Deed
related
$100,000 · April A Patten
Sep 16, 2025
$570,000
1227 N 23rd St LLC
23rd Street Plaza Properties LLC
Special Warranty Deed
$530,000 · Becky S Quinn Etal
Apr 6, 2011
—
23rd St Plaza Properties LLC
Suny Associates INC
Grant Deed
—
Dec 22, 2010
$300,000
Suny Associates INC
Carville,royce J & Janice A
Warranty Deed
—
Sep 16, 2003
$260,000
Royce J Carville
Sidney,stuart K & Millie E
Grant Deed
—
—
—
Stuart K Sidney
—
Deed Of Trust
related
$177,480 · Grand Valley National 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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