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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office buildings
365 32nd Rd Grand Junction, CO 81504
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-1379241
Property summary
AI-generated overview
This exceptional Grand Junction, CO industrial property, located at 365 32 Rd, offers 114,566 square feet of versatile space across five single-story buildings. The property, zoned industrial, features multiple suites ranging from 7,000 to 26,000 contiguous square feet, ideal for warehouse, manufacturing, flex, distribution, or R&D uses. Built in 2008, the Class B property boasts a 26-foot ceiling height, ample loading capabilities with 2 loading docks, 2 dock-high doors, and 40 drive-in doors. Utilities include 3-phase power and one elevator. The 44-acre site offers 2000 feet of frontage and benefits from its location in an Enterprise Zone and Opportunity Zone, providing potential tax incentives. Conveniently situated near I-70 and US Hwy 50, this property offers excellent access to major transportation routes. The property includes a separate two-story office building. Property taxes are $1.35 per square foot. The APN is 2943-221-15-001. Currently, the entire 114,566 square feet is vacant.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,336 SF
Lot
44.03 ac (1,917,947 SF)
Zoning code
3212
APN
2943-221-15-001
UPID
US13-1379241
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
-
Vault toilets Public Bathroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$915k
Owner & transaction history
Gj Partners LLC · 5 yrs held
Gj Partners LLC
since 2021
1 recorded transaction
Zoning & alternative use
3212 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+55.3%
Commercial (general)
$1.0M
+12.3%
Warehouse, storage
$935,000
+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
by Request
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$985,000
7%
$910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Current use
RESTAURANT
$1,385,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,000,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$935,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$855,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10%
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
$144 / 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
$124,835
Tax year 2023
Assessed value
$1,813,580
Assessed 2023
Previous assessed
$1,531,070
+18.5% YoY
Effective rate
6.88%
On assessed value
Assessed land
$235,450
Assessed improvement
$1,578,130
Land market value
$843,900
Improvement market value
$5,656,360
Total market value
$6,500,260
Applied tax rate
15,910.0000
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
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
9
Stories
1
Units
1
Rooms
10
Bathrooms
8
Total area
6,336 SF
Lot
44.03 ac (1,917,947 SF)
Zoning code
3212
APN
2943-221-15-001
UPID
US13-1379241
Jurisdiction
MESA
Zoning & alternative use
3212 · Grand Junction, CO
Zoning 3212 · permitted uses
3212 · 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
OFFICE BUILDING Current
Est. value
$890,000
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$935,000
RETAIL STORES
Est. value
$855,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
9
Units
1
Rooms
10
Bathrooms
8
Lot
44.03 ac
Current owner
From public records · entity-resolved
Gj Partners LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1660 17TH ST STE #300, DENVER, CO 80202-1282
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
—
Gj Partners LLC
Halliburton Energy Services INC
Special Warranty Deed
—
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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