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Property profile & analytics
OFF-MARKET
Apartment buildings
405 Mayfield Dr Grand Junction, CO 81507-1521
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-0273066
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
5,816 SF
Lot
1 ac (43,560 SF)
Zoning code
1212
APN
2945-164-08-027
UPID
US13-0273066
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
-
Pilgrim Home Nursing Home Retirement Community
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
Pilgrim House Properties LLC · 7 yrs held
Pilgrim House Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
1212 · 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
$2,709
Tax year 2023
Assessed value
$39,260
Assessed 2023
Previous assessed
$35,520
+10.5% YoY
Effective rate
6.90%
On assessed value
Assessed land
$6,670
Assessed improvement
$32,590
Land market value
$99,560
Improvement market value
$486,450
Total market value
$586,010
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
HOT WATER
Cooling
YES
Stories
1
Units
9
Rooms
12
Bathrooms
2
Total area
5,816 SF
Lot
1 ac (43,560 SF)
Zoning code
1212
APN
2945-164-08-027
UPID
US13-0273066
Jurisdiction
MESA
Zoning & alternative use
1212 · Grand Junction, CO
Zoning 1212 · permitted uses
1212 · 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
1969
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
9
Rooms
12
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Pilgrim House Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
405 W MAYFIELD DR, GRAND JUNCTION, CO 81507-1521
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2018
—
Pilgrim House Properties LLC
Woodman,brianna
Warranty Deed
—
May 29, 2018
$460,000
Brianna Woodman
Pilgrim House Holdings LLC
Warranty Deed
$368,000 · Broker Solutions INC
Dec 20, 2013
—
Pilgrim House Holdings LLC
Pilgrim House Holdings LLC
Quit Claim Deed
related
$275,000 · Vectra Bank Colorado NA
Apr 3, 2009
—
Pilgram House Holdings LLC
Bonds,michael J & Christine A
Quit Claim Deed
related
—
Apr 3, 2009
$400,000
Michael J Bonds
Hanes,lori L
Grant Deed
$360,000 · Ronald L & Mary S Bonds
Oct 30, 2001
—
Lori L Hanes
Pilgrim,marcia E
Quit Claim Deed
related
—
Sep 15, 2000
—
Lori L Hanes
Pilgrim,marcia E
Quit Claim Deed
related
$217,600 · Long Beach Mortgage Co
—
—
Lori L Hanes
—
Deed Of Trust
related
$30,000 · Us Bank NA Nd
—
—
Lori L Hanes
—
Deed Of Trust
related
$260,000 · Unifirst Mortgage Corp
—
—
Lori L Hanes
—
Deed Of Trust
related
$35,000 · Secured Funding Corp
—
—
Lori L Manes
—
Deed Of Trust
related
$65,000 · Great American Community Cu
—
—
Lori L Hanes
—
Deed Of Trust
related
$305,000 · Bnc Mortgage INC
—
—
Lori L Hanes
—
Deed Of Trust
related
$45,000 · Great American Community Cu
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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