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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Flex space
2779 Riverside Pkwy Grand Junction, CO 81501-2779
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2384032
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1979
Construction
STEEL FRAME
Total area
6,300 SF
Lot
2.34 ac (101,930 SF)
Zoning code
I-2
APN
2945-241-54-002
UPID
US13-2384032
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
-
Storm's Specialty Services Inc Big Box & Wholesale Store Shipping Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$690k
Owner & transaction history
2779 Riverside Parkway LLC · 1 yrs held
2779 Riverside Parkway LLC
since 2024
Last sale
$690,000
6 recorded transactions
Zoning & alternative use
I-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$930,000
+60.6%
Office building
$885,000
+52.9%
Retail stores
$860,000
+48.8%
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
$690,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$745,000
7%
$695,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$580,000
Current use
WAREHOUSE, STORAGE
$930,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$885,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$860,000
Change: +49% · Conversion: Moderate
COMMERCIAL (GENERAL)
$820,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $690k (Sep 6 2024)
Last sale anchor
$690k
Sep 6 2024
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
$110 / 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
$17,214
Tax year 2023
Assessed value
$243,470
Assessed 2023
Previous assessed
$243,470
+0.0% YoY
Effective rate
7.07%
On assessed value
Assessed land
$96,650
Assessed improvement
$146,820
Land market value
$346,420
Improvement market value
$526,220
Total market value
$872,640
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
3
Total area
6,300 SF
Lot
2.34 ac (101,930 SF)
Zoning code
I-2
APN
2945-241-54-002
UPID
US13-2384032
Jurisdiction
MESA
Zoning & alternative use
I-2 · Grand Junction, CO
Zoning I-2 · permitted uses
I-2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$580,000
WAREHOUSE, STORAGE
Est. value
$930,000
OFFICE BUILDING
Est. value
$885,000
RETAIL STORES
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$820,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
3
Lot
2.34 ac
Current owner
From public records · entity-resolved
2779 Riverside Parkway LLC
Entity
Mailing address
1205 17TH 12TH RD, FRUITA, CO 81521-9714
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
2779 Riverside Parkway LLC
Jimmy D Storm
Quit Claim Deed
related
—
Apr 16, 2020
—
Jimmy D Storm
—
Deed
related
$350,000 · Bank Of The San Juans
Jun 14, 2011
$690,000
Jimmy D Storm
Extreme Construction Company
Warranty Deed
$535,000 · Us Bank NA
Feb 12, 2007
$1,500,000
Pro-build R/e Holdings LLC
Fulcher,robert A & Diana S
Warranty Deed
—
Sep 16, 2005
$950,000
Robert A Fulcher
Jarvis,betty L
Warranty Deed
$654,288 · Alpine Bank
—
—
George E Fortune
—
Deed Of Trust
related
$301,167 · Grand Valley National 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.
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