Back to Search
Property profile & analytics
FOR LEASE
Community centers
480 W Park Dr Grand Junction, CO 81505
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US13-0435979
For Lease
1 / 2
$2,560/Mo
480 W Park Dr, Grand Junction, CO 81505
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2008
Construction
STEEL FRAME
Total area
21,892 SF
Lot
1.4 ac (61,115 SF)
Zoning code
PUD
APN
2945-101-60-002
UPID
US13-0435979
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
-
Mountain West Insurance & Financial Services, LLC formerly Hallam & Assocaites Insurance Agency, Inc. Insurance Agency
-
Mountain West Insurance & Financial Services, LLC (Grand Junction) Insurance Agency
-
Fidelity National Title Insurance Co. Title Company
-
McAlister's Deli Take-out & Catering
-
David Shirley | Division Manager | Primary Residential Mortgage, Inc. Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.07M
Owner & transaction history
C Sanchez II LLC · 16 yrs held
C Sanchez II LLC
since 2010
7 recorded transactions
Zoning & alternative use
PUD · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+97.6%
Medical building
$1.5M
+75.3%
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
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Current use
RETAIL STORES
$1,730,000
Change: +98% · Conversion: Easy
MEDICAL BUILDING
$1,535,000
Change: +75% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$49 / 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
$96,433
Tax year 2023
Assessed value
$1,363,940
Assessed 2023
Previous assessed
$999,900
+36.4% YoY
Effective rate
7.07%
On assessed value
Assessed land
$178,990
Assessed improvement
$1,184,950
Land market value
$641,540
Improvement market value
$4,247,130
Total market value
$4,888,670
Applied tax rate
10,301.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Total area
21,892 SF
Lot
1.4 ac (61,115 SF)
Zoning code
PUD
APN
2945-101-60-002
UPID
US13-0435979
Jurisdiction
MESA
Zoning & alternative use
PUD · Grand Junction, CO
Zoning PUD · permitted uses
PUD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$875,000
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
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
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Lot
1.4 ac
Current owner
From public records · entity-resolved
C Sanchez II LLC
Entity
Mailing address
2768 COMPASS DR STE #202, GRAND JUNCTION, CO 81506-8773
Ownership since
2010
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
Oct 5, 2020
—
C Sanchez II LLC
—
Deed
related
$2,500,000 · Bank Of The West
Feb 27, 2019
—
C Sanchez Il LLC
—
Deed
related
$2,000,000 · Bank Of The West
Jul 14, 2010
$4,000,000
C Sanchez II LLC
F & P Commercial LLC
Special Warranty Deed
$3,000,000 · Wells Fargo Bank NA
Dec 10, 2008
—
F & P Commercial LLC
—
Trustees Deed
related
$400,000 · Wells Fargo Bank
—
—
C Sanchez Il LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of The West
—
—
C Sanchez II LLC
—
Deed Of Trust
related
$1,800,000 · Bank Of The West
—
—
F & P Commercial LLC
—
Deed Of Trust
related
$400,000 · Wells Fargo Bank
—
—
C Sanchez II LLC
—
Loan Modification
related
$2,554,186 · 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?”
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.
