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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Flex space
2482 Commerce Blvd Grand Junction, CO 81505-1214
Entity Owned
Free & Clear
Property ID
US13-0073177
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,520 SF
Lot
0.86 ac (37,658 SF)
Zoning code
C-2
APN
2945-091-04-011
UPID
US13-0073177
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
-
Liquidlogic & Sales Oilfield
-
De performance LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$635k
Owner & transaction history
2482 Commerce Blvd LLC
2482 Commerce Blvd LLC
since 2025
Last sale
$625,000
5 recorded transactions
Zoning & alternative use
C-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$980,000
+31.9%
Warehouse, storage
$815,000
+9.8%
Office building
$775,000
+4.6%
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%
$710,000
6.5%
$655,000
7%
$605,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$740,000
Current use
COMMERCIAL (GENERAL)
$980,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$815,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$775,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$745,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $625k (Oct 2 2024)
Last sale anchor
$625k
Oct 2 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
$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
$14,111
Tax year 2023
Assessed value
$199,590
Assessed 2023
Previous assessed
$137,640
+45.0% YoY
Effective rate
7.07%
On assessed value
Assessed land
$52,530
Assessed improvement
$147,060
Land market value
$188,290
Improvement market value
$527,100
Total market value
$715,390
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Stories
2
Units
1
Rooms
10
Bathrooms
2
Total area
5,520 SF
Lot
0.86 ac (37,658 SF)
Zoning code
C-2
APN
2945-091-04-011
UPID
US13-0073177
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
$740,000
COMMERCIAL (GENERAL)
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$815,000
OFFICE BUILDING
Est. value
$775,000
RETAIL STORES
Est. value
$745,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Rooms
10
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
2482 Commerce Blvd LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2259 LOGOS CT, GRAND JUNCTION, CO 81505-9731
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
—
2482 Commerce Blvd LLC
B&cg Properties LLC
Deed
related
—
Jan 2, 2025
$625,000
2482 Commerce Blvd LLC
B And Cg Properties LLC
Warranty Deed
—
Mar 28, 2019
$500,000
B&cg Properties LLC
Jarvis Propertis LLC
Warranty Deed
$400,000 · Timberline Bank
Aug 24, 2006
—
Jarvis Properties LLC
Jarvis W R JR Trust
Quit Claim Deed
—
Sep 1, 2005
$498,000
Betty L Jarvis
Jarvis Judith A Trust
Warranty Deed
$275,000 · George E & Wilda E Fortune
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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