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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Medical Office Space
2440 11th St, Grand Junction, CO 81501-8102
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US13-1430069
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
STEEL FRAME
Total area
10,753 SF
Lot
1.8 ac (78,408 SF)
Zoning code
B-1
APN
2945-111-25-023
UPID
US13-1430069
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
-
Dallin Davies Physician
-
Dr. Caleb Van Essen Medical Clinic
-
Megan Schiers Physician
-
Breanna Sanders Physician
-
Leonard Welsh Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Gs Investments LLC · 13 yrs held
Gs Investments LLC
since 2013
3 recorded transactions
Zoning & alternative use
B-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+15.4%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$865,000
Current use
RESTAURANT
$1,000,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$790,000
Change: -8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$730,000
Change: -16% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$78 / 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
$72,304
Tax year 2023
Assessed value
$1,022,660
Assessed 2023
Previous assessed
$822,450
+24.3% YoY
Effective rate
7.07%
On assessed value
Assessed land
$134,100
Assessed improvement
$888,560
Land market value
$480,640
Improvement market value
$3,184,820
Total market value
$3,665,460
Applied tax rate
10,101.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
10,753 SF
Lot
1.8 ac (78,408 SF)
Zoning code
B-1
APN
2945-111-25-023
UPID
US13-1430069
Jurisdiction
MESA
Zoning & alternative use
B-1 · Grand Junction, CO
Zoning B-1 · permitted uses
B-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
MEDICAL BUILDING Current
Est. value
$865,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$790,000
INDUSTRIAL (GENERAL)
Est. value
$730,000
OFFICE BUILDING
Est. value
$715,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2013
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Gs Investments LLC
Entity
Mailing address
2440 N 11TH ST, GRAND JUNCTION, CO 81501-8102
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
—
Gs Investments LLC
—
Deed
related
$430,500 · Grand Junction FCU
Sep 10, 2020
—
Gs Investments LLC
—
Deed
related
$2,365,309 · Timberline Bank
May 9, 2013
$530,000
Gs Investments LLC
Sisters Of Charity/leavenworth
Warranty Deed
$2,975,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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