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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Flex space
2140 12th St Grand Junction, CO 81501-2916
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2821214
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,252 SF
Lot
0.27 ac (11,761 SF)
Zoning code
RMF-24
APN
2945-122-00-074
UPID
US13-2821214
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
-
First Aid Occupational Health Occupational Health Service
-
Carrie Shahbahrami, PMHNP Physician
-
COOR Wellness Alternative Medicine Practice
-
Lifespan Psychiatry of Colorado Medical Clinic
-
Columbine Massage & Bodywork Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$376k
Blend (final)
Blend
$570k
Owner & transaction history
Lpc Holdings LLC · 2 yrs held
Lpc Holdings LLC
since 2024
Last sale
$570,000
6 recorded transactions
Zoning & alternative use
RMF-24 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$480,000
+60.6%
Office building
$455,000
+52.9%
Retail stores
$445,000
+48.8%
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
$570,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$415,000
6.5%
$385,000
7%
$360,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$480,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$455,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +49% · Conversion: Moderate
COMMERCIAL (GENERAL)
$425,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $570k (Mar 29 2024)
Last sale anchor
$570k
Mar 29 2024
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
$175 / 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
$8,100
Tax year 2023
Assessed value
$114,560
Assessed 2023
Previous assessed
$94,850
+20.8% YoY
Effective rate
7.07%
On assessed value
Assessed land
$30,710
Assessed improvement
$83,850
Land market value
$110,080
Improvement market value
$300,520
Total market value
$410,600
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
4
Total area
3,252 SF
Lot
0.27 ac (11,761 SF)
Zoning code
RMF-24
APN
2945-122-00-074
UPID
US13-2821214
Jurisdiction
MESA
Zoning & alternative use
RMF-24 · Grand Junction, CO
Zoning RMF-24 · permitted uses
RMF-24 · 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
Est. value
$480,000
OFFICE BUILDING
Est. value
$455,000
RETAIL STORES
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$425,000
WAREHOUSE, STORAGE
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Lpc Holdings LLC
Entity
Mailing address
2140 N 12TH ST, GRAND JUNCTION, CO 81501-2916
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$570,000
Lpc Holdings LLC
Zig Properties LLC
Special Warranty Deed
$456,000 · Timberline Bank
Jan 13, 2017
—
Zig Properties LLC
—
Deed
related
$272,000 · Us Bank NA
Sep 16, 2016
$230,000
Zig Properties LLC
Kojo LLC
Warranty Deed
—
Dec 24, 2008
—
Kojo LLC
Oneal,kim C
Quit Claim Deed
related
—
Sep 16, 2005
$292,000
Kim C Oneal
Karsten,brian F
Warranty Deed
—
Oct 12, 2000
$180,000
Brian F Karsten
Karsten Trust
Grant Deed
related
$179,000 · Seller
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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