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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Apartment buildings
1303 15th St Grand Junction, CO 81501-4366
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0660760
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
WOOD
Total area
11,170 SF
Lot
1.5 ac (65,340 SF)
Zoning code
9241
APN
2945-123-00-095
UPID
US13-0660760
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Situs Headwaters Lincoln LLC · 4 yrs held
Situs Headwaters Lincoln LLC
since 2022
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
9241 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+196.8%
Commercial (general)
$1.5M
+154.7%
Restaurant
$1.0M
+75.6%
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
$790,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,755,000
Change: +197% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,505,000
Change: +155% · Conversion: Moderate
RESTAURANT
$1,035,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$900,000
Change: +52% · Conversion: Moderate
RETAIL STORES
$825,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$760,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.12M (May 5 2022)
Last sale anchor
$1.12M
May 5 2022
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
$99 / 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
$5,735
Tax year 2023
Assessed value
$81,120
Assessed 2023
Previous assessed
$138,560
-41.5% YoY
Effective rate
7.07%
On assessed value
Assessed land
$7,370
Assessed improvement
$73,750
Land market value
$110,000
Improvement market value
$1,100,710
Total market value
$1,210,710
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
HOT WATER
Cooling
YES
Stories
2
Units
12
Rooms
48
Total area
11,170 SF
Lot
1.5 ac (65,340 SF)
Zoning code
9241
APN
2945-123-00-095
UPID
US13-0660760
Jurisdiction
MESA
Zoning & alternative use
9241 · Grand Junction, CO
Zoning 9241 · permitted uses
9241 · 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
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$900,000
RETAIL STORES
Est. value
$825,000
INDUSTRIAL (GENERAL)
Est. value
$760,000
OFFICE BUILDING
Est. value
$740,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1970
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
12
Rooms
48
Lot
1.5 ac
Current owner
From public records · entity-resolved
Situs Headwaters Lincoln LLC
Entity
Mailing address
3333 S BANNOCK ST STE #300, ENGLEWOOD, CO 80110-2423
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
$1,122,799
Situs Headwaters Lincoln LLC
Housing Authority Of City Of Grand
Special Warranty Deed
$2,551,250 · Firstbank
May 5, 2022
—
Situs Headwaters Lincoln LLC
Housing Authority Of City Of Grand
Quit Claim Deed
related
$500,000 · Colorrado Housing & Finance Authori
—
—
Grand Junction Hsng Authority
—
Deed Of Trust
related
$600,000 · Bank Of Co
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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