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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Apartment buildings
2194 Mckinley Dr Grand Junction, CO 81507-1139
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2662186
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
4,012 SF
Lot
0.5 ac (21,934 SF)
Zoning code
1212
APN
2947-264-01-009
UPID
US13-2662186
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
-
Monument Assisted Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
2194 Mckinley Investments LLC · 2 yrs held
2194 Mckinley Investments LLC
since 2024
Last sale
$615,000
7 recorded transactions
Zoning & alternative use
1212 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$630,000
+175.0%
Commercial (general)
$590,000
+157.8%
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
$615,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$630,000
Change: +175% · Conversion: Difficult
COMMERCIAL (GENERAL)
$590,000
Change: +158% · Conversion: Moderate
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $615k (Jan 17 2024)
Last sale anchor
$615k
Jan 17 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
$153 / 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
$2,693
Tax year 2023
Assessed value
$38,110
Assessed 2023
Previous assessed
$30,400
+25.4% YoY
Effective rate
7.07%
On assessed value
Assessed land
$9,550
Assessed improvement
$28,560
Land market value
$142,600
Improvement market value
$426,340
Total market value
$568,940
Applied tax rate
11,275.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
8
Rooms
8
Bathrooms
4
Total area
4,012 SF
Lot
0.5 ac (21,934 SF)
Zoning code
1212
APN
2947-264-01-009
UPID
US13-2662186
Jurisdiction
MESA
Zoning & alternative use
1212 · Grand Junction, CO
Zoning 1212 · permitted uses
1212 · 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
AUTO REPAIR, GARAGE
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$590,000
AUTO REPAIR, GARAGE
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
1972
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Rooms
8
Bathrooms
4
Lot
0.5 ac
Current owner
From public records · entity-resolved
2194 Mckinley Investments LLC
Entity
Mailing address
4013 FAWN TRL, LOVELAND, CO 80537-9606
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
$615,000
2194 Mckinley Investments LLC
M & B Enterprises LLC
Special Warranty Deed
—
Mar 29, 2018
$425,000
M & B Ents LLC
2194 Mckinley Drive LLC
Warranty Deed
—
Jun 26, 2015
$321,195
2194 Mckinley Drive LLC
Ward Studt
Warranty Deed
$251,250 · Bank Of The San Juans
Jun 19, 2008
$400,000
Ward Studt
Hanes,lori L
Warranty Deed
—
Aug 14, 2002
$272,500
Lori L Hanes
Jackson,lindsey S & Shauna B
Grant Deed
$218,000 · Long Beach Mortgage Co
—
—
Lindsey S Jackson
—
Deed Of Trust
related
$84,000 · Us Bank NA Nd
—
—
Valerie Siler
—
Deed Of Trust
related
$69,945 · Ward B & Priscilla M Studt
—
—
Lori L Hanes
—
Deed Of Trust
related
$16,546 · Great American Community Cu
—
—
Lori L Hanes
—
Deed Of Trust
related
$335,350 · Argent Mortgage Co LLC
—
—
Lori L Hanes
—
Deed Of Trust
related
$36,015 · Great American Community Cu
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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