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Property profile & analytics
OFF-MARKET
Estimated value
$19,030,000
Investment properties
2464 Hwy 6th And 50 Grand Junction, CO 81505-1138
Entity Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1098768
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
206,585 SF
Lot
18.98 ac (826,769 SF)
Zoning code
C-2
APN
2945-091-23-001
UPID
US13-1098768
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
-
Grand Mesa Center Shopping Center & Mall
-
Old Navy Clothing Store Baby Clothing Store
-
Ross Dress for Less Clothing Store Men'S Clothing Store
-
Honey Baked Ham Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.03M
Owner & transaction history
Aig Baker Grand Junction LLC · 25 yrs held
Aig Baker Grand Junction LLC
since 2001
3 recorded transactions
Zoning & alternative use
C-2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,485,000
6.5%
$14,295,000
7%
$13,270,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$30,470,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$19.03M
Range $17.13M – $20.93M · ±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
$92 / 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
$550,510
Tax year 2023
Assessed value
$7,786,340
Assessed 2023
Previous assessed
$6,374,990
+22.1% YoY
Effective rate
7.07%
On assessed value
Assessed land
$1,660,810
Assessed improvement
$6,125,530
Land market value
$5,952,740
Improvement market value
$21,955,290
Total market value
$27,908,030
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Bathrooms
9
Total area
206,585 SF
Lot
18.98 ac (826,769 SF)
Zoning code
C-2
APN
2945-091-23-001
UPID
US13-1098768
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
WAREHOUSE, STORAGE
Est. value
$30.5M
WAREHOUSE, STORAGE
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
9
Lot
18.98 ac
Current owner
From public records · entity-resolved
Aig Baker Grand Junction LLC
Entity
Mailing address
211 N STADIUM BLVD STE #201, COLUMBIA, MO 65203-1161
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
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
Jun 18, 2024
—
Grand Mesa Center LLC
—
Deed
related
$21,000,000 · Lmf Commercial LLC
Jul 12, 2001
$1,000,000
Aig Baker Grand Junction LLC
Kenwood Grove Properties LLC
Grant Deed
—
—
—
Grand Mesa Center LLC
—
Loan Modification
related
$20,000,000 · Us Bk
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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