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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
1625 15th St Grand Junction, CO 81501-6303
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0821549
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
STEEL FRAME
Total area
5,613 SF
Lot
0.22 ac (9,450 SF)
Zoning code
RMF-8
APN
2945-123-11-002
UPID
US13-0821549
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
-
GVA Management Property Management Company
-
Hilltop Property Services Warehouse - GVA Management Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Hilltop Health Services Corporation · 11 yrs held
Hilltop Health Services Corporation
since 2014
7 recorded transactions
Zoning & alternative use
RMF-8 · 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$830,000
Current use
OFFICE BUILDING
$790,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$765,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$735,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$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
Assessed value
$79,890
Assessed 2023
Previous assessed
$62,570
+27.7% YoY
Assessed land
$23,070
Assessed improvement
$56,820
Land market value
$82,690
Improvement market value
$203,660
Total market value
$286,350
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
10
Bathrooms
0
Total area
5,613 SF
Lot
0.22 ac (9,450 SF)
Zoning code
RMF-8
APN
2945-123-11-002
UPID
US13-0821549
Jurisdiction
MESA
Zoning & alternative use
RMF-8 · Grand Junction, CO
Zoning RMF-8 · permitted uses
RMF-8 · 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
WAREHOUSE, STORAGE Current
Est. value
$830,000
OFFICE BUILDING
Est. value
$790,000
RETAIL STORES
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$735,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1979
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
0
Lot
0.22 ac
Current owner
From public records · entity-resolved
Hilltop Health Services Corporation
Entity
Mailing address
1331 HERMOSA AVE, GRAND JUNCTION, CO 81506-4099
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Oct 2, 2014
$475,000
Hilltop Health Services Corporation
Grand Valley Foods LLC
Warranty Deed
$300,000 · Us Bank NA
Feb 4, 2008
—
Grand Valley Foods LLC
Farny,michael D
Grant Deed
related
—
Mar 15, 2007
—
Michael D Farny
—
Deed Of Trust
related
$1,150,000 · Community Banks Of Colorado
Jan 13, 2005
$3,500,000
Michael D Farny
Grand Valley Foods
Warranty Deed
$655,000 · Weststar Bank
Sep 13, 1999
—
Grand Valley Foods
—
Deed Of Trust
related
$1,000,000 · Alpine Bank
Aug 3, 1998
—
Grand Valley Foods
Leany,arvan J
Grant Deed
$25,000 · Alpine Bank
—
—
Michael D Farny
—
Deed Of Trust
related
$200,000 · Community Banks Of Colorado
—
—
Michael D Farny
—
Deed Of Trust
related
$900,000 · Weststar 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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