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Property profile & analytics
FOR LEASE
Medical Office Space
2646 Patterson Rd, Grand Junction, CO 81506
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-2835327
For Lease
1 / 11
$3,540/Mo
2646 Patterson Rd, Grand Junction, CO 81506
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,138 SF
Lot
1.34 ac (58,370 SF)
Zoning code
B-1
APN
2945-023-14-006
UPID
US13-2835327
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
-
Tms Solutions / Colo Neuro Health Medical Clinic
-
Herrera Erica S Employment Agency
-
Christopher Angello Alternative Medicine Practice
-
QC Kinetix (Grand Junction) Physician
-
Jake Piispanen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$555k
Owner & transaction history
Ripaky LLC · 7 yrs held
Ripaky LLC
since 2018
5 recorded transactions
Zoning & alternative use
B-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$760,000
+6.6%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$710,000
Current use
RETAIL STORES
$760,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$575,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$55 / 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
$42,722
Tax year 2023
Assessed value
$604,260
Assessed 2023
Previous assessed
$389,200
+55.3% YoY
Effective rate
7.07%
On assessed value
Assessed land
$195,420
Assessed improvement
$408,840
Land market value
$700,440
Improvement market value
$1,465,360
Total market value
$2,165,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
3
Rooms
10
Bathrooms
5
Total area
10,138 SF
Lot
1.34 ac (58,370 SF)
Zoning code
B-1
APN
2945-023-14-006
UPID
US13-2835327
Jurisdiction
MESA
Zoning & alternative use
B-1 · Grand Junction, CO
Zoning B-1 · permitted uses
B-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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$710,000
RETAIL STORES
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$575,000
MEDICAL BUILDING Current
RETAIL STORES
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
3
Rooms
10
Bathrooms
5
Lot
1.34 ac
Current owner
From public records · entity-resolved
Ripaky LLC
Entity
Mailing address
3616 E 14TH RD, PALISADE, CO 81526-9360
Ownership since
2018
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
Jul 3, 2018
$1,500,000
Ripaky LLC
Bc Family Ptshp Lllp
Warranty Deed
$6,602 · Bc Family Ptshp Lllp
Jun 19, 2014
—
Bc Family Partnership Lllp
Carnes,ben E
Quit Claim Deed
related
—
Dec 30, 2004
—
Ben E Carnes
Carnes,velva V
Quit Claim Deed
related
—
Nov 1, 2004
$590,000
Velva V Carnes
Rmo Land Co LLC
Warranty Deed
—
Jun 2, 1998
$1,000,000
Rmo Land Co
Patterson,william R
Grant Deed
$858,500 · Norwest Bank Colorado
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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