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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Flex space
2457 Industrial Blvd Grand Junction, CO 81505-1307
Entity Owned
1-yr Hold
Free & Clear
Property ID
US13-0843501
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1977
Construction
STEEL FRAME
Total area
13,309 SF
Lot
2.17 ac (94,525 SF)
Zoning code
C-2
APN
2945-091-03-018
UPID
US13-0843501
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
-
23 Diesel Auto Repair Shop
-
Print & Stitch LLC (Bike/Boat/Book/etc) Store Printing Service
-
23 Diesel and Offroad Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.09M
Owner & transaction history
Elsie Elsie LLC · 1 yrs held
Elsie Elsie LLC
since 2024
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
C-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+0.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,785,000
Current use
RETAIL STORES
$1,800,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $900k (Sep 12 2024)
Last sale anchor
$900k
Sep 12 2024
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
$82 / 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
$23,216
Tax year 2023
Assessed value
$328,360
Assessed 2023
Previous assessed
$243,710
+34.7% YoY
Effective rate
7.07%
On assessed value
Assessed land
$118,680
Assessed improvement
$209,680
Land market value
$425,360
Improvement market value
$751,550
Total market value
$1,176,910
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
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
8
Total area
13,309 SF
Lot
2.17 ac (94,525 SF)
Zoning code
C-2
APN
2945-091-03-018
UPID
US13-0843501
Jurisdiction
MESA
Zoning & alternative use
C-2 · Grand Junction, CO
Zoning C-2 · permitted uses
C-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
$1.8M
RETAIL STORES
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
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
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
8
Lot
2.17 ac
Current owner
From public records · entity-resolved
Elsie Elsie LLC
Entity
Free & Clear · 1 yrs held
Mailing address
10829 ZINFANDEL ST, RANCHO CUCAMONGA, CA 91737-3892
Ownership since
2024
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
Dec 12, 2024
$900,000
Elsie Elsie LLC
Tdlogos LLC
Special Warranty Deed
—
Oct 4, 2017
—
Tdlogos LLC
Folkestad,thomas E & Deborah A
Quit Claim Deed
related
—
Dec 27, 2001
—
Thomas E Folkestad
—
Trustees Deed
related
$438,903 · Bank Of Grand Junction
Jun 4, 1998
—
Deborah A Folkestad
—
Grant Deed
related
$300,000 · Bank Of Grand Junction
—
—
Deborah A Folkestad
—
Deed Of Trust
related
$124,114 · Bank Of Grand Junction
—
—
Deborah A Folkestad
—
Deed Of Trust
related
$235,397 · Bank Of Grand Junction
—
—
Thomas E Folkestad
—
Deed Of Trust
related
$196,276 · Bank Of Grand Junction
—
—
Deborah A Folkestad
—
Deed Of Trust
related
$400,000 · Bank Of Grand Junction
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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