New search
Property profile & analytics
OFF-MARKET
Office buildings
397 Rdgs Blvd, Grand Junction, CO 81507-4630
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1099695
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
WOOD
Total area
5,592 SF
Lot
0.5 ac (21,911 SF)
Zoning code
PD
APN
2945-201-02-040
UPID
US13-1099695
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
Prm Management LLC · 2 yrs held
Prm Management LLC
since 2023
Last sale
$435,000
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
—
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
$1,154
Tax year 2023
Assessed value
$112,130
Assessed 2023
Previous assessed
$102,800
+9.1% YoY
Effective rate
1.03%
On assessed value
Assessed land
$36,680
Assessed improvement
$75,450
Land market value
$131,470
Improvement market value
$270,430
Total market value
$401,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Rooms
10
Bathrooms
2
Total area
5,592 SF
Lot
0.5 ac (21,911 SF)
Zoning code
PD
APN
2945-201-02-040
UPID
US13-1099695
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
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Rooms
10
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Prm Management LLC
Entity
Mailing address
519 SKWY DR, GRAND JUNCTION, CO 81507-1419
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
$435,000
Prm Management LLC
Grand View Pentecostal Churchs
Special Warranty Deed
$348,000 · Oakstar Bank NA
Nov 17, 2021
—
Steven V Goodknight
—
Deed
related
$124,449 · Timberline Bank
Sep 7, 2021
$385,000
Grand View Pentecostal Churchs
Spillar & Morris LLC
Special Warranty Deed
$288,750 · First Farmbank
Mar 3, 2021
—
Spillar & Morris LLC
—
Deed
related
$243,615 · Steve F Spillar
Oct 24, 2019
—
Spillar & Morris LLC
Christine Spillar
Quit Claim Deed
related
—
Sep 19, 2019
—
Dennis A Morris
97 Ridges Blvd LLC
Grant Deed
—
Jul 27, 2018
$220,000
Jerome Gardner
Dynamic Investments INC
Warranty Deed
—
Aug 20, 2001
$300,000
397 Ridges Blvd LLC
Smith,dale N
Grant Deed
$250,000 · Dale N
—
—
397 Ridges Blvd LLC
—
Loan Modification
related
$322,500 · Vectra Bk/co
—
—
397 Ridges Boulevard LLC
—
Deed Of Trust
related
$127,700 · Community First National Bank
—
—
397 Ridges Blvd LLC
—
Deed Of Trust
related
$243,004 · Community First National Bank
—
—
397 Ridges Blvd LLC
—
Deed Of Trust
related
$31,217 · Grand Valley National Bank
—
—
397 Ridges Blvd LLC
—
Deed Of Trust
related
$151,928 · Grand Valley National Bank
—
—
397 Ridges Blvd LLC
—
Deed Of Trust
related
$333,171 · Vectra Bank Colorado 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.
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 397 Rdgs Blvd?
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.
