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Property profile & analytics
FOR LEASE
Warehouses
2479 12th Riverside Pkwy Grand Junction, CO 81505-1319
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0958222
For Lease
1 / 9
$2,250/Mo
2479 12th Riverside Pkwy, Grand Junction, CO 81505-1319
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
STEEL FRAME
Total area
4,070 SF
Lot
0.25 ac (10,890 SF)
Zoning code
I-1
APN
2945-094-12-017
UPID
US13-0958222
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
-
Black Ridge Woodworks General Contractor Renovation Specialist
-
Blevins Harps (Bike/Boat/Book/etc) Store
-
Repair Shop Auto Repair Shop
-
Lizard Analytical Laboratories Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jamin Wright · 2 yrs held
Jamin Wright
since 2024
Last sale
$325,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,943
Tax year 2023
Assessed value
$41,630
Assessed 2023
Previous assessed
$34,780
+19.7% YoY
Effective rate
7.07%
On assessed value
Assessed land
$16,710
Assessed improvement
$24,920
Land market value
$59,900
Improvement market value
$89,330
Total market value
$149,230
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
18
Rooms
10
Bathrooms
3
Total area
4,070 SF
Lot
0.25 ac (10,890 SF)
Zoning code
I-1
APN
2945-094-12-017
UPID
US13-0958222
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
1981
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
18
Rooms
10
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Jamin Wright
Individual
Mailing address
2481 RIVERSIDE PKWY STE H, GRAND JUNCTION, CO 81505-1332
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
Jamin Wright
Dale Wright
Deed
related
$90,000 · Grand Valley Bank
May 10, 2024
$90,000
Jamin Wright
Dale Wright
Warranty Deed
related
$90,000 · Grand Valley Bank
Jul 28, 2021
$325,000
Riverside Storage LLC
Riverside Vetures Co
Special Warranty Deed
$220,000 · Warren Walcher
Sep 26, 2019
—
Riverside Ventures Co
Paul Clement
Quit Claim Deed
related
—
Feb 4, 2019
$175,000
Bottlepro LLC
Larry D Story
Warranty Deed
$131,250 · Colorado Housing & Finance Authorit
Jan 7, 2019
$290,100
Paul Clement
Walcher,warren P
Warranty Deed
$250,000 · Warren P Walcher
Dec 18, 2018
$122,500
Dale Wright
Cole,dale G
Warranty Deed
—
Jan 5, 2018
—
Dale G Cole
—
Deed
related
$315,000 · Marilyn Rabideau
Mar 14, 2017
—
Dale G Cole
—
Trust Deed
related
$250,000 · Marilyn S Rabideau
Aug 2, 2016
$81,500
Dale G Cole
Story,larry D & Nancy R
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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