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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Flex space
2387 Riv Rd Grand Junction, CO 81505-1348
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0985645
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,197 SF
Lot
1.58 ac (68,825 SF)
Zoning code
I-1
APN
2945-054-00-044
UPID
US13-0985645
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
-
Trane Supply Big Box & Wholesale Store Building Supply
-
Legacy Communications Radio Station Telecommunications Service
-
National Seating & Mobility Mobility Equipment Supplier Motor Scooter Dealer
-
Sky Canyon Veterinary Hospital Veterinary Clinic
-
Respet Thad DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.57M
Owner & transaction history
H R Adventures LLC · 3 yrs held
H R Adventures LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
I-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,605,000
ML approach
$1,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.64M (Nov 22 2022)
Last sale anchor
$1.64M
Nov 22 2022
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
$68 / 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
$32,312
Tax year 2023
Assessed value
$457,020
Assessed 2023
Previous assessed
$379,880
+20.3% YoY
Effective rate
7.07%
On assessed value
Assessed land
$95,050
Assessed improvement
$361,970
Land market value
$340,680
Improvement market value
$1,297,370
Total market value
$1,638,050
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Rooms
10
Bathrooms
8
Total area
23,197 SF
Lot
1.58 ac (68,825 SF)
Zoning code
I-1
APN
2945-054-00-044
UPID
US13-0985645
Jurisdiction
MESA
Zoning & alternative use
I-1 · Grand Junction, CO
Zoning I-1 · permitted uses
I-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.
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Rooms
10
Bathrooms
8
Lot
1.58 ac
Current owner
From public records · entity-resolved
H R Adventures LLC
Entity
Mailing address
101 S 3RD ST STE #360, GRAND JUNCTION, CO 81501-2477
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
—
H R Adventures LLC
—
Deed
related
$1,000,000 · Timberline Bank
Nov 22, 2022
$1,638,660
H R Adventures LLC
P & L Properties LLC
Warranty Deed
—
Dec 30, 2016
—
P & L Properties LLC
—
Deed
related
$1,017,516 · Alpine Bank
Aug 19, 2016
—
P & L Properties LLC
—
Deed
related
—
Mar 8, 2001
—
River Road Business Center LLC
Mays,clifton L & Trula A
Quit Claim Deed
related
—
Dec 28, 2000
—
Clifton L Mays
—
Grant Deed
related
$525,000 · Bank Of Grand Junction
—
—
P & L Properties LLC
—
Deed Of Trust
related
$7,245,627 · Alpine Bk Steamboat Springs
—
—
P & L Properties LLC
—
Loan Modification
related
—
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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