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Property profile & analytics
OFF-MARKET
Office Spaces
2102 Hwy 6th And 50 Grand Junction, CO 81505-9404
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0702571
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1953
Construction
WOOD
Total area
1,301 SF
Lot
0.52 ac (22,651 SF)
Zoning code
I-1
APN
2697-362-00-012
UPID
US13-0702571
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Texbey LLC · 7 yrs held
Texbey LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-1 · 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
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
$5,373
Tax year 2023
Assessed value
$67,990
Assessed 2023
Previous assessed
$43,980
+54.6% YoY
Effective rate
7.90%
On assessed value
Assessed land
$22,120
Assessed improvement
$45,870
Land market value
$79,280
Improvement market value
$164,410
Total market value
$243,690
Applied tax rate
12,206.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Bathrooms
4
Total area
1,301 SF
Lot
0.52 ac (22,651 SF)
Zoning code
I-1
APN
2697-362-00-012
UPID
US13-0702571
Jurisdiction
MESA
Zoning & alternative use
I-1 · Grand Junction, CO
Zoning I-1 · permitted uses
I-1 · 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.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
4
Lot
0.52 ac
Current owner
From public records · entity-resolved
Texbey LLC
Entity
Mailing address
2108 HWY 6TH AND 50, GRAND JUNCTION, CO 81505-9404
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
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2020
—
Sixbey Investments LLC
—
Deed
related
$500,000 · Bank Of Co
May 14, 2019
—
Texbey LLC
Sixbey Investments LLC
Quit Claim Deed
related
—
Mar 15, 2018
—
Sixbery Investments LLC
—
Deed
related
—
Jan 16, 2018
—
Sixbey Investments LLC
—
Deed
related
—
Dec 21, 2016
—
Sixbey Investments LLC
—
Deed
related
—
Dec 20, 2016
—
Sixbey Investments LLC
—
Deed
related
—
Apr 1, 2013
—
Sixbey Investments LLC
Sixbey,merritt L JR
Quit Claim Deed
related
$401,516 · Bank Of Colorado
Nov 6, 2009
—
Merritt L Sixbey JR.
—
Trustees Deed
related
$350,000 · Vectra Bank Colorado NA
Dec 30, 2008
—
Merrit L Sixbey JR.
—
Trustees Deed
related
$75,000 · Vectra Bank Colorado NA
Jan 22, 2008
$125,000
Merritt L Sixbey JR.
Baldwin,samuel J
Quit Claim Deed
related
—
Aug 9, 2006
—
Samuel J Baldwin
Mars LLC
Quit Claim Deed
related
—
Oct 31, 2005
$75,000
Mars LLC
Grand Central Plaza LLC
Quit Claim Deed
related
—
—
—
Merritt L Sixbey JR.
—
Deed Of Trust
related
$417,855 · Vectra Bank Colorado NA
—
—
Sixbery Investments LLC
—
Loan Modification
related
—
—
—
Sixbey Investments LLC
—
Loan Modification
related
—
—
—
Sixbey Investments LLC
—
Loan Modification
related
—
—
—
Sixbey Investments LLC
—
Loan Modification
related
—
—
—
Sixbey Investments LLC
—
Loan Modification
related
$500,000 · Bank Of Co
—
—
Sixbey Investments LLC
—
Deed Of Trust
related
$401,516 · Bank Of Colorado
—
—
Sixbey Investments LLC
—
Deed Of Trust
related
$250,000 · Bank Of Colorado
—
—
Sixbey Investments LLC
—
Deed Of Trust
related
$250,000 · Bank Of Colorado
—
—
Sixbey Investments LLC
—
Deed Of Trust
related
$250,000 · Bank Of Co
—
—
Merritt L Sixbey JR.
—
Deed Of Trust
related
$225,000 · Vectra Bank Colorado NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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