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Property profile & analytics
OFF-MARKET
Flex space
3210 C 12th Rd Palisade, CO 81526-9538
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1816611
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1975
Construction
STEEL FRAME
Total area
2,412 SF
Lot
13.01 ac (566,716 SF)
Zoning code
AFT
APN
2943-232-00-109
UPID
US13-1816611
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
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
Frank Payne · 2 yrs held
Frank Payne
since 2023
Last sale
$10,000
3 recorded transactions
Zoning & alternative use
AFT · Palisade, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of AFT zone is to provide wineries, vineyards and related lodging and commercial activity
Zone name
Agriculture Forestry Transitional
General category
COMMERCIAL
Zone area
91.52 ac
Source
Realmo
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 Palisade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palisade 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
$11,278
Tax year 2023
Assessed value
$158,630
Assessed 2023
Previous assessed
$83,650
+89.6% YoY
Effective rate
7.11%
On assessed value
Assessed land
$101,190
Assessed improvement
$57,440
Land market value
$362,700
Improvement market value
$205,870
Total market value
$568,570
Applied tax rate
15,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
2,412 SF
Lot
13.01 ac (566,716 SF)
Zoning code
AFT
APN
2943-232-00-109
UPID
US13-1816611
Jurisdiction
MESA
Zoning & alternative use
AFT · Palisade, COZoning AFT · permitted uses
AFT · Palisade, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of AFT zone is to provide wineries, vineyards and related lodging and commercial activity
Zone name
Agriculture Forestry Transitional
General category
COMMERCIAL
Zone area
91.52 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
13.01 ac
Current owner
From public records · entity-resolved
Frank Payne
Individual
Mailing address
3246 1ST 2ND RD, PALISADE, CO 81526
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
$10,000
Frank Payne
Mesa County
Quit Claim Deed
related
—
Mar 18, 2022
—
Kb Acquistions LLC
—
Deed
related
$520,000 · Zb NA
Jul 20, 2017
—
Baker & Associates Landscape Manage
—
Deed
related
$240,300 · Us Bank NA
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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