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Property profile & analytics
OFF-MARKET
Estimated value
$2,770,000
Apartment buildings
2910 Bunting Ave Grand Junction, CO 81504-5336
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-1232353
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
WOOD
Total area
7,836 SF
APN
2943-083-00-107
UPID
US13-1232353
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
-
Courtyard Apartments Apartment Building
-
Bunting Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.77M
Owner & transaction history
Situs Headwaters Courtyard LLC · 4 yrs held
Situs Headwaters Courtyard LLC
since 2022
Last sale
$2.8M
4 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
$2,750,000
ML approach
$2,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.77M
Range $2.49M – $3.05M · ±10% · vs last sale $2.80M (May 5 2022)
Last sale anchor
$2.80M
May 5 2022
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
$353 / 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
$12,658
Tax year 2023
Assessed value
$179,040
Assessed 2023
Previous assessed
$118,520
+51.1% YoY
Effective rate
7.07%
On assessed value
Assessed land
$13,130
Assessed improvement
$165,910
Land market value
$195,970
Improvement market value
$2,476,230
Total market value
$2,672,200
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
1982
Construction
WOOD
Heating
HOT WATER
Cooling
YES
Buildings
3
Stories
2
Units
8
Rooms
32
Total area
7,836 SF
APN
2943-083-00-107
UPID
US13-1232353
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
1982
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
3
Units
8
Rooms
32
Current owner
From public records · entity-resolved
Situs Headwaters Courtyard LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3333 S BANNOCK ST STE #300, ENGLEWOOD, CO 80110-2423
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
$2,802,200
Situs Headwaters Courtyard LLC
Grand Junction Housing Authority
Special Warranty Deed
—
Mar 29, 2018
—
Grand Junction Hsng Authority
—
Trustees Deed
related
$740,000 · Bank Of Co
Jun 23, 2009
$1,820,000
Grand Junction Hsng Authority
Tall Pines Investments LLC
Grant Deed
$685,000 · Tall Pines Invesments LLC
—
—
Grand Junction Hsng Authority
—
Deed Of Trust
related
$430,000 · 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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