Entity Owned Property summary
AI-generated overview
The property is a commercial building in Grand Junction, Colorado, zoned I-1, featuring a custom reception area, multiple offices, a kitchen, a bathroom, and a large conference or planning room. It includes heated warehouse space with two large overhead doors, along with designated paved parking for 16 vehicles. Additional storage is provided via a partially finished large attic area and a large storage room on the main level. The site also contains a fenced and gated gravel yard on nearly one acre.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Construction
STEEL FRAME
Total area
5,697 SF
Lot
0.98 ac (42,689 SF)
Zoning code
I-1
APN
2701-323-04-006
UPID
US13-0569033
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$913k
Blend (final)
Blend
$370k
Owner & transaction history
since 2025
Last sale
$835,000
7 recorded transactions
Zoning & alternative use
I-1 · Grand Junction, CO
Zoning description
Industrial Light, I-1 § 21.03.070(e) I-2: General Industrial Industrial General, I-2 § 21.03.070(f) (b) Purpose. The Industrial zone districts are intended to: (1) Promote the retention of existing industrial businesses…
General category
INDUSTRIAL
Top alternative use upside
Restaurant
$1.2M
+62.5%
Commercial (general)
$1.0M
+31.9%
Warehouse, storage
$840,000
+9.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$370k
Value range
$333k – $407k
±10% around blend
Estimated value / SF
$65 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$333k
blend $370k
$407k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,697 SF
Lot area
0.98 ac
Year built
1997
Stories
1
APN
2701-323-04-006
Zoning
I-1
Assessed value
$197,790
Annual tax
$13,984
3
Income approach: direct capitalization
Partial preview
Income approach indication
$675k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$730k
@ 6.5% CAP return
$675k
@ 7% CAP return
$625k
4
Sales comparison
Partial preview
Sales approach indication
$594k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.5 mi away · 6,012 SF
5.1 mi away · 5,935 SF
5.2 mi away · 5,732 SF
5.5 mi away · 5,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$370k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 81 sales
$134
-52%
Submarket 147 sales
$112
-42%
County 165 sales
$114
-43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $65/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+62%
vs current-use indication
Commercial (general)
Warehouse, Storage
Office Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$835k
Move the market yield to see immediate price impact.
Value / SF
$147
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$53k
$1.05M
$751k
$585k
$58k
$1.17M
$835k
$649k
$64k
$1.29M
$918k
$714k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.29M
1.8 mi · Feb 2026 · $174/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,984
Tax year 2023
Assessed value
$197,790
Assessed 2023
Previous assessed
$150,950
+31.0% YoY
Effective rate
7.07%
On assessed value
Assessed land
$59,550
Assessed improvement
$138,240
Land market value
$213,450
Improvement market value
$495,470
Total market value
$708,920
Applied tax rate
10,301.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
3
Total area
5,697 SF
Lot
0.98 ac (42,689 SF)
Zoning code
I-1
APN
2701-323-04-006
UPID
US13-0569033
Jurisdiction
MESA
Zoning & alternative use
I-1 · Grand Junction, COZoning I-1 · permitted uses
I-1 · Grand Junction, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Industrial Light, I-1 § 21.03.070(e) I-2: General Industrial Industrial General, I-2 § 21.03.070(f) (b) Purpose. The Industrial zone districts are intended to: (1) Promote the retention of existing industrial businesses…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
3
Lot
0.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I-1
INDUSTRIAL
Jurisdiction
Grand Junction, CO
Recorded code
I-1
Official district
I-1
Official district profile
What the municipal code says about I-1
Zoning description
Industrial Light, I-1 § 21.03.070(e) I-2: General Industrial Industrial General, I-2 § 21.03.070(f) (b) Purpose. The Industrial zone districts are intended to: (1) Promote the retention of existing industrial businesses…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Grand Junction, CO.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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