Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Office buildings
359 Main St Grand Junction, CO 81501-2465
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0989799
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1977
Construction
STEEL FRAME
Total area
38,732 SF
Lot
36972 ac (1,610,500,320 SF)
APN
2945-143-22-023
UPID
US13-0989799
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
-
Wells Fargo Private Bank Financial Advisor
-
FedEx Drop Box Postal Service Courier Service
-
Frontier Adjusters Inc Insurance Agency
-
Wells Fargo Home Mortgage Loan Service Bank
-
Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
$6.01M
Comparable Approach
Comparable
$6.02M
Blend (final)
Blend
$6.00M
Owner & transaction history
Hilltop Health Service Corporation · 1 yrs held
Hilltop Health Service Corporation
since 2024
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.5M
+55.4%
Warehouse, storage
$5.7M
+5.0%
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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
$6,505,000
6.5%
$6,005,000
7%
$5,575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,440,000
Current use
RESTAURANT
$8,450,000
Change: +55% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,715,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$5,295,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,055,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Oct 10 2024)
Last sale anchor
$6.00M
Oct 10 2024
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
$155 / 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
$114,415
Tax year 2023
Assessed value
$1,469,690
Assessed 2023
Previous assessed
$1,469,690
+0.0% YoY
Effective rate
7.78%
On assessed value
Assessed improvement
$1,469,690
Improvement market value
$5,267,710
Total market value
$5,267,710
Applied tax rate
10,107.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Rooms
10
Bathrooms
7
Total area
38,732 SF
Lot
36972 ac (1,610,500,320 SF)
APN
2945-143-22-023
UPID
US13-0989799
Jurisdiction
MESA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.4M
RESTAURANT
Est. value
$8.5M
WAREHOUSE, STORAGE
Est. value
$5.7M
RETAIL STORES
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.1M
OFFICE BUILDING Current
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (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
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
10
Bathrooms
7
Lot
36972 ac
Current owner
From public records · entity-resolved
Hilltop Health Service Corporation
Entity
Mailing address
1331 HERMOSA AVE, GRAND JUNCTION, CO 81506-4099
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
—
Hilltop Health Services Corporation
—
Deed
related
$7,000,000 · Timberline Bank
Oct 10, 2024
$6,000,000
Hilltop Health Service Corporation
Wells Fargo Bank NA
Special Warranty Deed
$4,500,000 · Bank Of The San Juans
—
—
Stephen Thoms
—
Loan Modification
related
$200,426 · Wells Fargo Bank
—
—
602 Main LLC
—
Loan Modification
related
$231,862 · Wells Fargo Bank
—
—
Brothers Investments LLC
—
Loan Modification
related
$150,000 · Wells Fargo 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.
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?”
You own 359 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
