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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Hotels
2648 Patterson Rd Grand Junction, CO 81506-1929
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0597175
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1977
Construction
WOOD
Total area
17,052 SF
Lot
1.16 ac (50,400 SF)
Zoning code
B-1
APN
2945-023-15-001
UPID
US13-0597175
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
-
A Clean & Simple Laundry (Bike/Boat/Book/etc) Store
-
Smoke Plus (Bike/Boat/Book/etc) Store
-
Lucky Me Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Jeffrey Midgley Alternative Medicine Practice
-
Lucky me dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$465k
Blend (final)
Blend
$605k
Owner & transaction history
7 You & Me Property LLC · 7 yrs held
7 You & Me Property LLC
since 2019
5 recorded transactions
Zoning & alternative use
B-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
Method
Estimation
Statistic approach
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$35 / 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
$28,204
Tax year 2023
Assessed value
$398,920
Assessed 2023
Previous assessed
$285,990
+39.5% YoY
Effective rate
7.07%
On assessed value
Assessed land
$168,740
Assessed improvement
$230,180
Land market value
$604,800
Improvement market value
$825,020
Total market value
$1,429,820
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
9
Rooms
10
Bathrooms
1
Total area
17,052 SF
Lot
1.16 ac (50,400 SF)
Zoning code
B-1
APN
2945-023-15-001
UPID
US13-0597175
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.
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
9
Rooms
10
Bathrooms
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
7 You & Me Property LLC
Entity
Mailing address
PO BOX 1143, GRAND JUNCTION, CO 81502-1143
Ownership since
2019
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
Mar 5, 2019
$1,700,000
7 You & Me Property LLC
Christensen Ents LLC
Warranty Deed
—
Mar 5, 2019
—
You & Me Property LLC
—
Trustees Deed
related
$495,000 · Bent Rotor LLC
Dec 7, 2010
—
Christensen Ents LLC
Rbc Family Investments LLC
Quit Claim Deed
related
—
Jul 2, 2009
—
Rbc Family Investments LLC
Christensen R B Trust
Warranty Deed
—
—
—
You & Me Property LLC
—
Deed Of Trust
related
$100,000 · Nelly Farm Partners LLC
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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