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Property profile & analytics
FOR LEASE
Medical Office Space
3150 12th St, Grand Junction, CO 81506-2863
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US13-0882983
For Lease
1 / 18
$3,803/Mo
3150 12th St, Grand Junction, CO 81506-2863
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
79,905 SF
Lot
8.43 ac (367,211 SF)
Zoning code
PD
APN
2945-013-20-001
UPID
US13-0882983
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
-
Shenkel Roger C MD Pediatrician Physician
-
Sandy Forrest, PHD Family Counselor Counselor
-
Kari L. Mullaney, MS Physician
-
Brad Fenter, PT Physician
-
Dorian P. Campisi, DPT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Madsen & West Investments LLC · 21 yrs held
Madsen & West Investments LLC
since 2004
7 recorded transactions
Zoning & alternative use
PD · 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
$33 / 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
$263,392
Tax year 2023
Assessed value
$3,816,720
Assessed 2023
Previous assessed
$3,159,080
+20.8% YoY
Effective rate
6.90%
On assessed value
Assessed land
$645,450
Assessed improvement
$3,171,270
Land market value
$2,313,430
Improvement market value
$11,366,570
Total market value
$13,680,000
Applied tax rate
14,100.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
79,905 SF
Lot
8.43 ac (367,211 SF)
Zoning code
PD
APN
2945-013-20-001
UPID
US13-0882983
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.
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
8.43 ac
Current owner
From public records · entity-resolved
Madsen & West Investments LLC
Entity
Mailing address
PO BOX 10700, GRAND JUNCTION, CO 81502-5517
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
—
Pcp Investors LLC
—
Deed
related
$450,000 · Anb Bank
Jun 26, 2018
—
Pcp Investors LLC
—
Deed
related
$5,860,281 · Anb Bk
Jun 9, 2017
—
Pcp Investors LLC
—
Deed
related
$780,000 · Anb Bank
Dec 13, 2004
—
Madsen & West Investments LLC
West Tocoi Dev LLC
Quit Claim Deed
related
—
—
—
Pcp Investors LLC
—
Deed Of Trust
related
$1,359,099 · Anb Bank
—
—
Pcp Investors LLC
—
Deed Of Trust
related
$5,860,281 · Anb Bk
—
—
Pcp Investors LLC
—
Deed Of Trust
related
$1,750,000 · American National Bank & Trust
—
—
Pcp Investors LLC
—
Deed Of Trust
related
$500,000 · American National Bank & Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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