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Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Flex space
2326 Grand Park Dr Grand Junction, CO 81505-8400
Entity Owned
~
Est. High Equity
Property ID
US13-0621849
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2001
Construction
STEEL FRAME
Total area
22,675 SF
Lot
10.77 ac (469,141 SF)
Zoning code
I-2
APN
2701-323-14-002
UPID
US13-0621849
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
-
Låda Cube Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.69M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.72M
Owner & transaction history
Department Of Transportation
Department Of Transportation
since 2025
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
I-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+31.9%
Warehouse, storage
$3.3M
+9.8%
Office building
$3.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,910,000
6.5%
$2,685,000
7%
$2,495,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,045,000
Current use
COMMERCIAL (GENERAL)
$4,015,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,345,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$3,185,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$3,065,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±10% · vs last sale $2.90M (Jul 27 2025)
Last sale anchor
$2.90M
Jul 27 2025
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
$120 / 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
$36,537
Tax year 2023
Assessed value
$516,770
Assessed 2023
Previous assessed
$443,240
+16.6% YoY
Effective rate
7.07%
On assessed value
Assessed land
$149,210
Assessed improvement
$367,560
Land market value
$534,820
Improvement market value
$1,317,410
Total market value
$1,852,230
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
22,675 SF
Lot
10.77 ac (469,141 SF)
Zoning code
I-2
APN
2701-323-14-002
UPID
US13-0621849
Jurisdiction
MESA
Zoning & alternative use
I-2 · Grand Junction, CO
Zoning I-2 · permitted uses
I-2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
10.77 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Mailing address
707 ARROWEST RD STE A, GRAND JUNCTION, CO 81505-9738
Ownership since
2025
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
Oct 27, 2025
$2,900,000
Department Of Transportation
Extol LLC
Warranty Deed
—
Feb 11, 2019
$1,350,000
Extol LLC
Baxter G & M F/tr
Warranty Deed
—
Mar 8, 2010
—
Baxter Glenn & M Family Trust
Baxter,glenn L & Maurine D
Quit Claim Deed
related
—
Feb 7, 2006
$1,501,796
Glenn L Baxter
Public Trustee Of Mesa County
Trustees Deed
—
Jan 25, 2006
$1,501,796
Glenn L Baxter
Public Trustee Of Mesa County
Trustees Deed
—
—
—
Glenn L Baxter
—
Deed Of Trust
related
$310,518 · Grand Valley National Bank
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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