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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Commercial real estate
240 Palmer St ABC, Delta, CO 81416-1781
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-2094863
Property summary
AI-generated overview
This 13,800 square foot retail center, built in 1994, is located at 240 N Palmer Street in Delta, Colorado (zip code 81416, APN 3457-134-40-002, Delta County). The property is zoned C-1 and offers multiple tenancy options. Currently, 3,000 square feet of space is immediately available, with individual units ranging from 600 to 1,200 contiguous square feet. The center boasts excellent co-tenancy with established businesses such as Subway, Dairy Queen, Little Caesars, and Homestead Meats, and enjoys a highly visible location next to City Market and McDonald's, at the gateway to Gunnison River Country. The property is well-maintained and professionally managed, ensuring responsiveness to tenant needs. Lease terms are available for 3-5 years, with an asking rent of $15.00 per square foot per year, plus NNN charges of $4.50 per square foot per year. This presents a unique opportunity for businesses seeking high-traffic visibility and a strong tenant mix in a desirable location. Contact for additional information and showing instructions.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Construction
FRAME
Total area
6,696 SF
Lot
1.88 ac (82,023 SF)
APN
345713440002
UPID
US13-2094863
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
-
In Motion Therapy Occupational and Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$770k
Owner & transaction history
Drk Investing LLC · 2 yrs held
Drk Investing LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$745,000
+48.4%
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 Delta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delta 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$505,000
Current use
OFFICE BUILDING
$745,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$770k
Range $693k – $847k · ±10%
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
$115 / 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
$22,889
Tax year 2023
Assessed value
$359,536
Assessed 2023
Previous assessed
$359,536
+0.0% YoY
Effective rate
6.37%
On assessed value
Assessed land
$63,117
Assessed improvement
$296,419
Land market value
$226,224
Improvement market value
$1,062,433
Total market value
$1,288,657
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
WOOD FURNACE
Cooling
YES
Buildings
3
Stories
1
Units
5
Rooms
5
Bathrooms
4
Total area
6,696 SF
Lot
1.88 ac (82,023 SF)
APN
345713440002
UPID
US13-2094863
Jurisdiction
DELTA
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
COMMERCIAL (GENERAL) Current
Est. value
$505,000
OFFICE BUILDING
Est. value
$745,000
COMMERCIAL (GENERAL) Current
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
1994
Construction
FRAME
Heating
WOOD FURNACE
Cooling
Yes
Stories
1
Buildings
3
Units
5
Rooms
5
Bathrooms
4
Lot
1.88 ac
Current owner
From public records · entity-resolved
Drk Investing LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1440 MT LARSON RD, AUSTIN, TX 78746-2936
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2023
—
Drk Investing LLC
Family Yentertainment Holdings LLC
Warranty 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.
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