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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Medical Office Space
603 28th 14th Rd, Grand Junction, CO 81506-6019
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0487340
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,210 SF
Lot
0.65 ac (28,314 SF)
Zoning code
PD
APN
2943-063-46-002
UPID
US13-0487340
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
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$730k
Owner & transaction history
Moltea LLC · 8 yrs held
Moltea LLC
since 2017
7 recorded transactions
Zoning & alternative use
PD · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+46.4%
Retail stores
$840,000
+6.6%
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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$785,000
Current use
RESTAURANT
$1,150,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$640,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$65 / 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
$62,336
Tax year 2023
Assessed value
$903,290
Assessed 2023
Previous assessed
$672,650
+34.3% YoY
Effective rate
6.90%
On assessed value
Assessed land
$94,800
Assessed improvement
$808,490
Land market value
$339,770
Improvement market value
$2,897,800
Total market value
$3,237,570
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
11,210 SF
Lot
0.65 ac (28,314 SF)
Zoning code
PD
APN
2943-063-46-002
UPID
US13-0487340
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$785,000
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$640,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Moltea LLC
Entity
Mailing address
375 OAK RUN RD, CARBONDALE, CO 81623-2802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Aug 8, 2017
$2,202,758
Moltea LLC
Judith L Aquino
Warranty Deed
$1,652,068 · Timberline Bank
Oct 27, 2015
$2,137,320
Judith L Aquino
Monument Realty Holdings LLC
Warranty Deed
$1,602,990 · Vectra Bk/co
Oct 16, 2009
—
Monument Realty Holdings LLC
—
Trustees Deed
related
$1,983,772 · Wells Fargo Bank
Dec 26, 2007
$2,098,300
Monument Realty Holdings LLC
Monument Bldg A LLC
Warranty Deed
$1,810,000 · Wells Fargo Bank NA
Nov 10, 2004
—
Monument Bldg A LLC
Pepper Creek Ranch INC
Quit Claim Deed
related
—
Sep 21, 2004
—
Granum Village Park LLC
—
Trustees Deed
related
$1,280,000 · O P Dev Co LLC
Sep 7, 2004
—
Granum Village Park LLC
Granum,dennis L & Cynthia R
Quit Claim Deed
related
—
Sep 7, 2004
$1,537,500
Pepper Creek Ranch INC
Granum Village Park LLC
Warranty Deed
—
Aug 22, 2003
$190,100
Granum Village Park LLC
Patterson Road Development LLC
Grant Deed
—
—
—
Monument Realty Holdings LLC
—
Loan Modification
related
$1,761,109 · Wells Fargo Bk
—
—
Monument Realty Holdings LLC
—
Deed Of Trust
related
$1,908,658 · Wells Fargo Bank
—
—
Monument Realty Holdings LLC
—
Deed Of Trust
related
$1,921,419 · Wells Fargo Bank
—
—
Dennis L Granum
—
Deed Of Trust
related
$5,000 · Wells Fargo Bank
—
—
Monument Realty Holdings LLC
—
Deed Of Trust
related
$1,949,222 · 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.
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