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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Apartment buildings
2656 Patterson Rd Grand Junction, CO 81506-8820
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US13-2322580
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
WOOD
Total area
40,119 SF
Lot
1.95 ac (84,942 SF)
APN
2945-024-33-001
UPID
US13-2322580
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
-
The Lodge at Grand Junction Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$720k
Owner & transaction history
Grand Jct Wellage Pacifica LLC · 8 yrs held
Grand Jct Wellage Pacifica LLC
since 2018
7 recorded transactions
Zoning & alternative use
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
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$18 / 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
$9,213
Tax year 2023
Assessed value
$130,310
Assessed 2023
Previous assessed
$161,620
-19.4% YoY
Effective rate
7.07%
On assessed value
Assessed land
$35,970
Assessed improvement
$94,340
Land market value
$536,940
Improvement market value
$1,408,060
Total market value
$1,945,000
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
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
43
Rooms
72
Bathrooms
2
Total area
40,119 SF
Lot
1.95 ac (84,942 SF)
APN
2945-024-33-001
UPID
US13-2322580
Jurisdiction
MESA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
43
Rooms
72
Bathrooms
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
Grand Jct Wellage Pacifica LLC
Entity
Mailing address
650 LARIAT LN, GLENWOOD SPRINGS, CO 81601-8627
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2018
—
Grand Junction Wellage Pacific
—
Grant Deed
related
$7,189,557 · Bank Of Co
Mar 8, 2018
—
Grand Jct Wellage Pacifica LLC
Gjsl LLC
Grant Deed
related
—
Feb 1, 2018
—
Grand Valley Irrigation Co
Gjsl LLC
Quit Claim Deed
related
—
Mar 10, 2017
$535,000
Gjsl LLC
Brehm Properties LLC
Warranty Deed
$374,500 · Bank Of Co
Mar 6, 2017
$315,000
Brehm Properties LLC
Ott Family Trust
Warranty Deed
—
Jul 3, 2012
—
Ott Family Trust
Ott,joe W
Quit Claim Deed
related
—
Oct 21, 2005
$435,000
Joe W Ott
Grant D Geske
Warranty Deed
$348,000 · Alpine Bank
Aug 29, 2005
—
Geske,grant D & Eva D
Geske,grant D
Quit Claim Deed
related
—
Sep 27, 2004
—
Geske,grant & Eva
Geske,judith A
Quit Claim Deed
related
—
—
—
Grand Junction Wellage Pacific
—
Deed Of Trust
related
$363,234 · Bank Of Co
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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