Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1460 12th St Grand Junction, CO 81501-7676

    • Office buildings
    • 6,912 SF
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2311169
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1460 12th St

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    6,912 SF
    Zone code
    CSR
    Property type
    Office buildings
    APN
    2945-123-15-025
    APU
    294512315025

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $458,000
      Market price range: $213k - $693k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $970,000
      Current use
      WAREHOUSE, STORAGE
      $1,020,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $945,000
      Change: -3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $900,000
      Change: -7% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.552
    Latitude
    39.0808
    CBSA code
    24300
    CBSA name
    GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $50,880
    $185,910
    $236,790
    -
    $182,350
    $666,330
    $848,680

    Comparable in this City

    • Value Estimation
      $525,000
      6,008 SF

      201 Ss Ave

      OFFICE BUILDING • 6,008 SF
      201 Ss Ave, Grand Junction, CO 81501
      View Details
    • Value Estimation
      $5,405,000
      58,394 SF

      555 Ute Ave

      OFFICE BUILDING (MULTI-STORY) • 58,394 SF
      555 Ute Ave, Grand Junction, CO 81501-7718
      View Details
    • Value Estimation by Request
      3,375 SF

      562 White Ave

      OFFICE BUILDING • 3,375 SF
      562 White Ave, Grand Junction, CO 81501-2644
      View Details
    • Value Estimation
      $5,885,000
      64,464 SF

      544 Rood Ave

      OFFICE BUILDING (MULTI-STORY) • 64,464 SF
      544 Rood Ave, Grand Junction, CO 81501-2642
      View Details
    • Value Estimation
      $5,905,000
      50,491 SF

      200 Spruce St

      OFFICE BUILDING (MULTI-STORY) • 50,491 SF
      200 Spruce St, Grand Junction, CO 81501-5800
      View Details
    • Value Estimation
      $18,130,000
      127,269 SF

      125 Spruce St

      OFFICE BUILDING (MULTI-STORY) • 127,269 SF
      125 Spruce St, Grand Junction, CO 81501-5841
      View Details

    Similar Nearby for Sale

    • New
      $4,050,000

      Multi-Tenant Office Investment Opportunity

      Well-maintained office property with stable occupancy in Grand Junction, CO.
      700 Belford Ave, Grand Junction, CO 81501
      View Details
    • $1,050,000
      Pending

      Grand Junction Executive Office Building

      Well-maintained office building in central Grand Junction, fully leased.
      800 Belford Ave, Grand Junction, CO 81501
      View Details
    • $625,000

      Downtown Grand Junction Office Space

      2,501 sq.ft. office in Grand Junction's vibrant downtown.
      300 Main St, Grand Junction, CO 81501
      View Details
    • $3,200,000
      12,360 SF

      Freestanding Building on 1.45 Acres

      Highly visible 12,360 SF building with ample parking.
      516 28 Rd, Grand Junction, CO 81501
      View Details
    • $359,000
      1,476 SF

      Grand Junction Executive Office Space

      Prime Office/Retail, 1,476 SF, $359,000
      752 North Ave, Grand Junction, CO 81501
      View Details
    • $2,300,000
      3.00 Acres

      Grand Junction Commercial Land Opportunity

      3+/- acre commercial land with utility building in Grand Junction.
      435 4Th Ave, Grand Junction, CO 81501
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      6,620 SF

      Historic Office Space, Grand Junction

      Renovated office space in historic Victorian building near Main Street.
      861 Grand Ave, Grand Junction, CO 81501
      View Details
    • $4,000 /Mo
      2,299 SF

      2,299 SF Commercial Building For Lease

      2,299 SF Commercial Building For Lease
      2478 Patterson Road, Grand Junction, CO 81501
      View Details
    • $3,430 /Mo
      2,940 SF

      Grand Junction Office Building For Rent

      2940 SF office building with high visibility and parking.
      637 North Ave, Grand Junction, CO 81501
      View Details
    • $10,087 /Mo
      5,502 SF

      Historic Grand Junction Creative Space

      Architecturally significant building remodeled for artists and creative endeavors.
      535 N 7Th St, Grand Junction, CO 81501
      View Details
    • $2,000 /Mo
      1,475 SF

      Modern Office Condo For Rent

      1,475 sq ft office condo with modern finishes.
      2139 N 12Th St, Grand Junction, CO 81501
      View Details
    • $22 SF/Yr
      10,303 SF

      Grand Junction Office Suite for Lease

      Recently renovated, private entrance & bath.
      1000 9Th St, Grand Junction, CO 81501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1460 12th St
    Grand Junction, CO 81501-7676
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!