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Property profile & analytics
FOR LEASE
Strip malls
230 Lynwood St Grand Junction, CO 81503
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0382544
For Lease
$1,750/Mo
230 Lynwood St, Grand Junction, CO 81503
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
STEEL FRAME
Total area
15,970 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C-1
APN
2945-254-40-007
UPID
US13-0382544
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
-
Daylight Donuts Bakery Discount Store
-
Mary's Restaurant Restaurant
-
U Top It Frozen Yogurt & Deli Cafe & Coffee Shop Take-out & Catering
-
Horn Dumpster Rental Waste Management Facility Hazardous Waste Disposal
-
A Couple of Stitches Embroidery Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
Happy Investment LLC · 5 yrs held
Happy Investment LLC
since 2021
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
C-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+156.7%
Industrial (general)
$1.5M
+139.5%
Retail stores
$1.2M
+86.9%
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
$1,230,000
ML approach
$1,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,640,000
Change: +157% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,530,000
Change: +139% · Conversion: Difficult
RETAIL STORES
$1,195,000
Change: +87% · Conversion: Easy
MEDICAL BUILDING
$1,120,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$1,115,000
Change: +74% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.24M (Mar 10 2021)
Last sale anchor
$1.24M
Mar 10 2021
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
$77 / 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
$20,578
Tax year 2023
Assessed value
$366,250
Assessed 2023
Previous assessed
$492,590
-25.6% YoY
Effective rate
5.62%
On assessed value
Assessed land
$59,830
Assessed improvement
$306,420
Land market value
$214,420
Improvement market value
$1,098,280
Total market value
$1,312,700
Applied tax rate
14,100.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
10
Total area
15,970 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C-1
APN
2945-254-40-007
UPID
US13-0382544
Jurisdiction
MESA
Zoning & alternative use
C-1 · Grand Junction, CO
Zoning C-1 · permitted uses
C-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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
10
Lot
1.79 ac
Current owner
From public records · entity-resolved
Happy Investment LLC
Entity
Mailing address
2219 DA VINCI PL, GRAND JUNCTION, CO 81507-4526
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
Happy Investments LLC
—
Deed
related
$589,200 · Bank Of Colorado
Jan 31, 2025
—
Ln Investments LLC
—
Deed
related
$2,226,000 · Bank Of Colorado
Mar 10, 2021
$1,240,000
Happy Investment LLC
Peregien Weller LLC
Special Warranty Deed
$930,000 · Bank Of Colorado
Feb 26, 2010
$1,220,000
Paregien Of Weller LLC
Bowles Mary J Trust
Warranty Deed
—
May 26, 2005
$2,544,000
Thomas C Bowles
Best Buy Homes Colorado INC
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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