Entity Owned Property summary
AI-generated overview
Commercial property located at 2724 S Highway 50 in Grand Junction on a 1.43-acre site with direct frontage on Highway 50. The site includes approximately 720 square feet of office space configured for administrative functions, client meetings, dispatch, and management, and approximately 3,300 square feet of shop space suitable for contractor operations, equipment storage, service or light industrial use, fabrication, automotive-related work, or warehouse functionality, subject to applicable zoning and use verification. An expanded yard area provides space for equipment and material storage and may support uses such as contractor laydown, landscaping, excavation support, construction staging, equipment rental, trucking-related storage, and RV or vehicle storage, subject to zoning and approvals.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1953
Construction
STEEL FRAME
Total area
4,588 SF
Lot
1.46 ac (63,598 SF)
Zoning code
C-1
APN
2945-252-15-003
UPID
US13-2776196
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$556k
Blend (final)
Blend
$530k
Owner & transaction history
since 2025
Last sale
$575,000
3 recorded transactions
Zoning & alternative use
C-1 · Grand Junction, CO
Top alternative use upside
Commercial (general)
$725,000
+41.2%
Warehouse, storage
$675,000
+31.9%
Office building
$645,000
+25.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$530k
Value range
$477k – $583k
±10% around blend
Estimated value / SF
$116 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$477k
blend $530k
$583k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,588 SF
Lot area
1.46 ac
Year built
1953
Stories
1
APN
2945-252-15-003
Zoning
C-1
Assessed value
$169,210
Annual tax
$11,858
3
Income approach: direct capitalization
Partial preview
Income approach indication
$545k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$590k
@ 6.5% CAP return
$545k
@ 7% CAP return
$505k
4
Sales comparison
Partial preview
Sales approach indication
$512k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.3 mi away · 5,935 SF
1.6 mi away · 5,732 SF
1.9 mi away · 3,600 SF
6.2 mi away · 3,920 SF
6.2 mi away · 3,920 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$530k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 147 sales
$112
+3%
County 165 sales
$114
+2%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $116/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+41%
vs current-use indication
Warehouse, Storage
Office Building
Retail Stores
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
6.70%
Implied, in-place cap rate for this flex space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.70%
9.0%
NOI (est.)
$40k *
Last sale · Jan 2025
$575k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$601k
Move the market yield to see immediate price impact.
Value / SF
$131
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.20%6.70%7.20%
$36k
$584k
$541k
$503k
$40k
$649k
$601k
$559k
$44k
$714k
$661k
$615k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$450k
1.1 mi · Jan 2026 · $82/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,858
Tax year 2023
Assessed value
$169,210
Assessed 2023
Previous assessed
$130,050
+30.1% YoY
Effective rate
7.01%
On assessed value
Assessed land
$70,270
Assessed improvement
$98,940
Land market value
$251,850
Improvement market value
$354,620
Total market value
$606,470
Applied tax rate
14,100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1953
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
10
Bathrooms
4
Total area
4,588 SF
Lot
1.46 ac (63,598 SF)
Zoning code
C-1
APN
2945-252-15-003
UPID
US13-2776196
Jurisdiction
MESA
Zoning & alternative use
C-1 · Grand Junction, COZoning C-1 · permitted uses
C-1 · Grand Junction, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1953
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
10
Bathrooms
4
Lot
1.46 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-1
Jurisdiction
Grand Junction, CO
Recorded code
C-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Grand Junction, CO.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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