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Property profile & analytics
OFF-MARKET
Apartment buildings
2915 Orch Ave Grand Junction, CO 81504-5359
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0869359
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
1,745 SF
Lot
2 ac (87,120 SF)
Zoning code
1225
APN
2943-083-11-004
UPID
US13-0869359
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
-
Racquet Club Apartments Apartment Building
-
29 Mile Apartments Real Estate Agency
-
Yolie's Nail Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Racquet Club Acquisition LLC · 2 yrs held
Racquet Club Acquisition LLC
since 2023
Last sale
$16.0M
4 recorded transactions
Zoning & alternative use
1225 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$58,357
Tax year 2023
Assessed value
$806,630
Assessed 2023
Previous assessed
$621,310
+29.8% YoY
Effective rate
7.23%
On assessed value
Assessed land
$53,360
Assessed improvement
$753,270
Land market value
$796,360
Improvement market value
$11,242,900
Total market value
$12,039,260
Applied tax rate
10,800.0000
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
1980
Construction
WOOD
Heating
RADIANT
Cooling
YES
Buildings
10
Stories
1
Rooms
2
Total area
1,745 SF
Lot
2 ac (87,120 SF)
Zoning code
1225
APN
2943-083-11-004
UPID
US13-0869359
Jurisdiction
MESA
Zoning & alternative use
1225 · Grand Junction, CO
Zoning 1225 · permitted uses
1225 · 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
1980
Construction
WOOD
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
10
Rooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
Racquet Club Acquisition LLC
Entity
Mailing address
566 W LK ST STE #400, CHICAGO, IL 60661-1414
Ownership since
2023
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
Aug 30, 2023
$15,957,500
Racquet Club Acquisition LLC
Racquet Club Apartments Ltd
Special Warranty Deed
$11,385,623 · Key Bank NA
Feb 8, 2018
$1,200,000
2915 Orchard Ave Jws LLC
Resource Center INC
Warranty Deed
$900,000 · Alpine Bk
—
—
Racquet Club Apartments Ltd
—
Deed Of Trust
related
$6,167,500 · Keybank USA
—
—
Racquet Clun Apartments Ltd
—
Deed Of Trust
related
$4,903,825 · Colorado Housing & Finance Aut
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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