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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Retail space
2992 Patterson Rd Grand Junction, CO 81504-3105
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0908277
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
STEEL FRAME
Total area
13,712 SF
Lot
2.11 ac (91,912 SF)
Zoning code
PD
APN
2943-054-00-113
UPID
US13-0908277
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
-
Lucky Me Liquor 3 (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Lucky Me Coffee Shop Cafe & Coffee Shop
-
higi Physician
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$1.99M
Owner & transaction history
Lucky You Properties LLC · 4 yrs held
Lucky You Properties LLC
since 2022
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
PD · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+61.5%
Commercial (general)
$2.2M
+16.8%
Warehouse, storage
$2.0M
+9.2%
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
$1,960,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
$2,170,000
6.5%
$2,000,000
7%
$1,860,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,855,000
Current use
RESTAURANT
$2,990,000
Change: +61% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,165,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$2,025,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$1,925,000
Change: +4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,535,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $2.00M (Jun 3 2022)
Last sale anchor
$2.00M
Jun 3 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
$145 / 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
$39,261
Tax year 2023
Assessed value
$553,650
Assessed 2023
Previous assessed
$397,550
+39.3% YoY
Effective rate
7.09%
On assessed value
Assessed land
$215,400
Assessed improvement
$338,250
Land market value
$772,060
Improvement market value
$1,212,370
Total market value
$1,984,430
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Bathrooms
2
Total area
13,712 SF
Lot
2.11 ac (91,912 SF)
Zoning code
PD
APN
2943-054-00-113
UPID
US13-0908277
Jurisdiction
MESA
Zoning & alternative use
PD · Grand Junction, CO
Zoning PD · permitted uses
PD · 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
RETAIL STORES Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
INDUSTRIAL (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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
2
Lot
2.11 ac
Current owner
From public records · entity-resolved
Lucky You Properties LLC
Entity
Mailing address
PO BOX 1143, GRAND JUNCTION, CO 81502-1143
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$2,000,000
Lucky You Properties LLC
Rx Grand Junction Investors LLC
Special Warranty Deed
$3,090,000 · Oakstar Bank NA
Mar 4, 2021
—
Rx Grand Junciton Investors LLC
—
Deed
related
$2,340,000 · Incrediblebank
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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