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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Flex space
515 28th 34th Rd Grand Junction, CO 81501-5016
Entity Owned
13-yr Hold
Free & Clear
Property ID
US13-2361056
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1943
Construction
WOOD
Total area
6,462 SF
Lot
12.35 ac (537,966 SF)
Zoning code
C-1
APN
2943-074-27-001
UPID
US13-2361056
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
-
Sharon K. Ferguson, MA Physician
-
Eleshia Carpenter Nursing Home
-
Heather Snow Nursing Home
-
Betty Neal Nursing Home
-
Emiko Lundin Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$745k
Owner & transaction history
Colorado West Asset Mgmt LLC · 13 yrs held
Colorado West Asset Mgmt LLC
since 2013
1 recorded transaction
Zoning & alternative use
C-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$955,000
+60.6%
Office building
$905,000
+52.9%
Retail stores
$885,000
+48.8%
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
$715,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$595,000
Current use
WAREHOUSE, STORAGE
$955,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$905,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$885,000
Change: +49% · Conversion: Moderate
COMMERCIAL (GENERAL)
$845,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$115 / 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
Assessed value
$10,192,360
Assessed 2023
Previous assessed
$8,299,790
+22.8% YoY
Assessed land
$351,220
Assessed improvement
$9,841,140
Land market value
$1,258,840
Improvement market value
$35,272,890
Total market value
$36,531,730
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1943
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
6
Stories
1
Units
1
Total area
6,462 SF
Lot
12.35 ac (537,966 SF)
Zoning code
C-1
APN
2943-074-27-001
UPID
US13-2361056
Jurisdiction
MESA
Zoning & alternative use
C-1 · Grand Junction, CO
Zoning C-1 · permitted uses
C-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$955,000
OFFICE BUILDING
Est. value
$905,000
RETAIL STORES
Est. value
$885,000
COMMERCIAL (GENERAL)
Est. value
$845,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1943
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
1
Lot
12.35 ac
Current owner
From public records · entity-resolved
Colorado West Asset Mgmt LLC
Entity
Free & Clear · 13 yrs held
Mailing address
515 28TH 34TH RDA, GRAND JUNCTION, CO 81501-5016
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Jun 3, 2013
—
Colorado West Asset Mgmt LLC
Mesa County Colorado
Quit Claim Deed
related
—
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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