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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Warehouses
541 1st St Grand Junction, CO 81501-2254
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0113375
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,200 SF
Lot
0.39 ac (17,120 SF)
Zoning code
C-1
APN
2945-151-17-001
UPID
US13-0113375
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
$560k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
1st Street Storage LLC · 12 yrs held
1st Street Storage LLC
since 2013
7 recorded transactions
Zoning & alternative use
C-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$70 / 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
$5,574
Tax year 2023
Assessed value
$78,840
Assessed 2023
Previous assessed
$71,140
+10.8% YoY
Effective rate
7.07%
On assessed value
Assessed land
$28,730
Assessed improvement
$50,110
Land market value
$102,980
Improvement market value
$179,620
Total market value
$282,600
Applied tax rate
10,101.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
43
Rooms
10
Bathrooms
3
Total area
7,200 SF
Lot
0.39 ac (17,120 SF)
Zoning code
C-1
APN
2945-151-17-001
UPID
US13-0113375
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.
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
43
Rooms
10
Bathrooms
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
1st Street Storage LLC
Entity
Free & Clear · 12 yrs held
Mailing address
124 N 7TH ST, GRAND JUNCTION, CO 81501-3524
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2019
—
Riskey Business LLC
—
Deed
related
$448,500 · Bank Of The San Juans
Nov 16, 2017
—
124 N 7th Street LLC
—
Deed
related
$228,623 · Lew E Wunderwald
Aug 14, 2013
—
1st Street Storage LLC
Vail Valley Holdings LLC
Quit Claim Deed
related
—
Aug 14, 2013
$500,000
Riskey Business LLC
1st Street Storage LLC
Warranty Deed
$470,000 · Richard E & Mary S Jones
Mar 13, 2007
—
1st Street Storage LLC
Vail Valley Holdings LLC
Warranty Deed
related
—
Nov 2, 2006
$430,000
Vail Valley Holdings LLC
Jones,richard E & Mary S
Warranty Deed
related
$330,000 · Richard E & Mary S Jones
—
—
Riskey Business LLC
—
Deed Of Trust
related
$448,500 · Bank Of The San Juans
—
—
Riskey Business LLC
—
Deed Of Trust
related
$174,387 · Revolving Loan Fund/mesa Cnty
—
—
124 N 7th Street LLC
—
Deed Of Trust
related
$228,623 · Lew E Wunderwald
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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