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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office Units
1401 1st St Grand Junction, CO 81501-2115
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-0274449
Property summary
AI-generated overview
This property is an upstairs-level office space with frontage on N. 1st Street in Grand Junction, CO. It features ample off-street, paved parking. The location provides proximity to Sherwood Park and access to the North Ave Business Corridor. The office space includes 11 or more offices, a reception area, a conference room, and an employee breakroom and kitchen. The offices contain furniture. The zoning is C-1.
Property profile
Verified
Property type
Office Units
Use group
OFFICE BUILDING
Year built
1981
Construction
WOOD
Total area
6,410 SF
Lot
0.44 ac (19,166 SF)
Zoning code
PD
APN
2945-104-13-031
UPID
US13-0274449
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$755k
Blend (final)
Blend
$600k
Owner & transaction history
All Aboard Wyoming LLC · 7 yrs held
All Aboard Wyoming LLC
since 2019
4 recorded transactions
Zoning & alternative use
PD · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$945,000
+5.0%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$900,000
Current use
WAREHOUSE, STORAGE
$945,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$875,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$835,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$94 / 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
$13,035
Tax year 2023
Assessed value
$184,370
Assessed 2023
Previous assessed
$154,770
+19.1% YoY
Effective rate
7.07%
On assessed value
Assessed land
$42,100
Assessed improvement
$142,270
Land market value
$150,880
Improvement market value
$509,930
Total market value
$660,810
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 Units
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
2
Total area
6,410 SF
Lot
0.44 ac (19,166 SF)
Zoning code
PD
APN
2945-104-13-031
UPID
US13-0274449
Jurisdiction
MESA
Zoning & alternative use
PD · Grand Junction, CO
Zoning PD · permitted uses
PD · 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
OFFICE BUILDING Current
Est. value
$900,000
WAREHOUSE, STORAGE
Est. value
$945,000
RETAIL STORES
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$835,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1981
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
All Aboard Wyoming LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 773455, STEAMBOAT SPRINGS, CO 80477-3455
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2019
$888,000
All Aboard Wyoming LLC
Comine LLC
Warranty Deed
—
May 15, 2009
$832,000
Comine LLC
1401 North First LLC
Warranty Deed
$665,600 · Bank Of The West
Jun 14, 2006
—
1401 North First LLC
Djlka Holding
Warranty Deed
—
—
—
David M Durham
—
Deed Of Trust
related
$26,000 · 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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