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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Grocery and convenience stores
340 Nn Ave Grand Junction, CO 81501-7541
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0475344
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,595 SF
Lot
0.68 ac (29,450 SF)
Zoning code
C-2
APN
2945-113-19-007
UPID
US13-0475344
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
-
Quality Meat Co Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$595k
Owner & transaction history
340 North LLC · 4 yrs held
340 North LLC
since 2022
Last sale
$630,000
7 recorded transactions
Zoning & alternative use
C-2 · 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
Method
Estimation
Statistic approach
$445,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $630k (Mar 7 2022)
Last sale anchor
$630k
Mar 7 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
$51 / 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
$10,786
Tax year 2023
Assessed value
$152,560
Assessed 2023
Previous assessed
$188,160
-18.9% YoY
Effective rate
7.07%
On assessed value
Assessed land
$98,600
Assessed improvement
$53,960
Land market value
$353,400
Improvement market value
$193,420
Total market value
$546,820
Applied tax rate
10,101.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
10
Bathrooms
0
Total area
11,595 SF
Lot
0.68 ac (29,450 SF)
Zoning code
C-2
APN
2945-113-19-007
UPID
US13-0475344
Jurisdiction
MESA
Zoning & alternative use
C-2 · Grand Junction, CO
Zoning C-2 · permitted uses
C-2 · 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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
10
Bathrooms
0
Lot
0.68 ac
Current owner
From public records · entity-resolved
340 North LLC
Entity
Mailing address
5030 COUNTY RD 154, GLENWOOD SPRINGS, CO 81601-9320
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$630,000
340 North LLC
E And E Enterprises 22 LLC
Special Warranty Deed
$472,500 · Timberline Bank
Nov 10, 2020
—
E & R Enterprprises 22 LLC
—
Deed Of Trust
related
$365,000 · Jeff & Wendy Weinberg
Jan 10, 2019
—
Jevne R Edwards
Edwards,justin L
Quit Claim Deed
related
—
Oct 27, 2011
$431,000
Sms Finl Xxiii LLC
Public Trustee Of Mesa County
Trustees Deed
related
—
Oct 6, 2011
$431,000
Igwt LLC
Public Trustee Of Mesa County
Certificate Of Purchase
$560,400
Jan 3, 2005
$750,000
Igwt LLC
Quality Meat Co INC
Warranty Deed
$500,000 · Weststar Bank
—
—
Quality Meat Co INC
—
Deed Of Trust
related
$100,000 · Mesa National Bank
—
—
Quality Meat Co INC
—
Deed Of Trust
related
$170,000 · Mesa National Bank
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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