Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Apartment buildings
2594 Patterson Rd Grand Junction, CO 81505-1443
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1203751
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2016
Construction
WOOD
Total area
34,804 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PD
APN
2945-034-06-009
UPID
US13-1203751
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
-
Western Slope Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.01M
Owner & transaction history
Western Slope Property Holdings LLC · 1 yrs held
Western Slope Property Holdings LLC
since 2024
7 recorded transactions
Zoning & alternative use
PD · 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
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$29 / 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
$19,367
Tax year 2023
Assessed value
$273,930
Assessed 2023
Previous assessed
$231,320
+18.4% YoY
Effective rate
7.07%
On assessed value
Assessed land
$55,210
Assessed improvement
$218,720
Land market value
$823,960
Improvement market value
$3,264,520
Total market value
$4,088,480
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
50
Rooms
50
Total area
34,804 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PD
APN
2945-034-06-009
UPID
US13-1203751
Jurisdiction
MESA
Zoning & alternative use
PD · Grand Junction, CO
Zoning PD · permitted uses
PD · 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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
50
Rooms
50
Lot
2.84 ac
Current owner
From public records · entity-resolved
Western Slope Property Holdings LLC
Entity
Mailing address
450 S 400TH RD E STE #200, BOUNTIFUL, UT 84010-5094
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
$5,350,000
Western Slope Property Holdings LLC
Ugi Grand Junction LLC
Warranty Deed
$5,000,000 · Pacific Capital Investment Partners
Dec 9, 2019
$5,900,000
Ugi Grand Junction LLC
Chp Grand Junction Co Senior L
Grant Deed
$4,000,000 · Kezar Capital INC
Sep 9, 2015
$1,050,000
Chp Grand Jct Co Senior Living
Ws-grand Junction Co-1-ut LLC
Warranty Deed
—
Jun 17, 2015
—
City Of Grand Junction
Ws-grand Junction Co-1-ut LLC
Warranty Deed
related
—
Apr 1, 2015
$1,050,000
Ws-grand Junction Co-1-ut LLC
Colorado West Health Care Syst
Warranty Deed
—
—
—
Colorado West Healthcare Syste
—
Deed Of Trust
related
$1,000,000 · Alpine Bank
—
—
Colorado West Healthcare Sys
—
Deed Of Trust
related
—
—
—
Colorado W Healthcare System
—
Deed Of Trust
related
$59,229,063 · Ventas Cw Finance LLC
—
—
Community Hospital Corp
—
Deed Of Trust
related
$1,713,058 · Alpine 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2594 Patterson Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
