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Property profile & analytics
OFF-MARKET
Flex space
128 3rd St Palisade, CO 81526-5006
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US13-0499630
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1921
Construction
WOOD
Total area
5,650 SF
Lot
0.14 ac (6,250 SF)
Zoning code
2235
APN
2937-091-03-019
UPID
US13-0499630
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
-
Fruit & Wine Real Estate Real Estate Agency
-
Manual Therapy and Massage, Inc. Alternative Medicine Practice Spa & Massage Center
-
Craig Gallery Art Gallery
-
Twisted Break Studios Art Gallery
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
David Tredway · 17 yrs held
David Tredway
since 2009
2 recorded transactions
Zoning & alternative use
2235 · 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
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
$12,844
Tax year 2023
Assessed value
$159,030
Assessed 2023
Previous assessed
$95,970
+65.7% YoY
Effective rate
8.08%
On assessed value
Assessed land
$25,720
Assessed improvement
$133,310
Land market value
$92,190
Improvement market value
$477,810
Total market value
$570,000
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
1921
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
0
Total area
5,650 SF
Lot
0.14 ac (6,250 SF)
Zoning code
2235
APN
2937-091-03-019
UPID
US13-0499630
Jurisdiction
MESA
Zoning & alternative use
2235 · Palisade, COZoning 2235 · permitted uses
2235 · Palisade, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1921
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
0
Lot
0.14 ac
Current owner
From public records · entity-resolved
David Tredway
Individual
Mailing address
3864 G 14TH RD, PALISADE, CO 81526-9752
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2009
$300,000
David Tredway
Law,robert I
Warranty Deed
$227,883 · Alpine Bank
Oct 2, 1998
$115,000
Robert I Law
Alire,walter J & Mary E
Grant Deed
$75,000 · Mesa 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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