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Property profile & analytics
OFF-MARKET
Estimated value
$2,855,000
Manufacturing properties
2202 12th H Rd Grand Junction, CO 81505-9701
Individually Owned
2-yr Hold
Free & Clear
Property ID
US13-0843582
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2019
Construction
STEEL FRAME
Total area
22,084 SF
Lot
3.6 ac (156,816 SF)
APN
2701-303-12-001
UPID
US13-0843582
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
$2.90M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.86M
Owner & transaction history
Bioriginal Mareting Ltd · 2 yrs held
Bioriginal Mareting Ltd
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+31.9%
Warehouse, storage
$3.3M
+9.8%
Office building
$3.1M
+4.6%
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
$3,180,000
ML approach
$2,895,000
CAP Approach
CAP Return
Estimation
6%
$2,835,000
6.5%
$2,615,000
7%
$2,430,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,965,000
Current use
COMMERCIAL (GENERAL)
$3,910,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,255,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$3,100,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$2,985,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±10% · vs last sale $3.00M (Nov 16 2023)
Last sale anchor
$3.00M
Nov 16 2023
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
$129 / 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
$37,281
Tax year 2023
Assessed value
$527,300
Assessed 2023
Previous assessed
$497,200
+6.1% YoY
Effective rate
7.07%
On assessed value
Assessed land
$85,750
Assessed improvement
$441,550
Land market value
$307,360
Improvement market value
$1,582,630
Total market value
$1,889,990
Applied tax rate
10,301.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
22,084 SF
Lot
3.6 ac (156,816 SF)
APN
2701-303-12-001
UPID
US13-0843582
Jurisdiction
MESA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.6 ac
Current owner
From public records · entity-resolved
Bioriginal Mareting Ltd
Individual
Free & Clear · 2 yrs held
Mailing address
1209 N ORANGE ST, WILMINGTON, DE 19801-1120
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
$3,000,000
Bioriginal Mareting Ltd
Sittner Construction LLC
Special Warranty Deed
—
Mar 24, 2020
—
Sittner Construction LLC
Cooney Properties 23 LLC
Quit Claim Deed
related
—
Aug 13, 2019
—
Sittner Construction LLC
—
Trustees Deed
related
$600,000 · Bendavid Corp
Jul 1, 2019
—
Sittner Construction LLC
Sitter Construction Co
Quit Claim Deed
related
—
Feb 25, 2019
—
Sittner Construction Co
Cooney Properties 23 LLC
Grant Deed
—
Mar 21, 2018
$290,000
Cooney Properties 23 LLC
Tek Leasing LLC
Warranty Deed
—
—
—
Tek Leasing LLC
—
Deed Of Trust
related
$140,628 · Bank Of Colorado
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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