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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Warehouses
610 Gunnison Ave Grand Junction, CO 81501
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1175249
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Construction
STEEL FRAME
Total area
6,540 SF
Lot
0.6 ac (26,010 SF)
Zoning code
C-2
APN
2945-151-11-023
UPID
US13-1175249
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
-
Downtown Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$590k
Owner & transaction history
Riskey Business LLC · 4 yrs held
Riskey Business LLC
since 2022
Last sale
$730,000
2 recorded transactions
Zoning & alternative use
C-2 · 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
$515,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$965,000
Current use
OFFICE BUILDING
$920,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$895,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$855,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $730k (Mar 15 2022)
Last sale anchor
$730k
Mar 15 2022
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
$90 / 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
$13,787
Tax year 2023
Assessed value
$195,000
Assessed 2023
Previous assessed
$138,400
+40.9% YoY
Effective rate
7.07%
On assessed value
Assessed land
$50,650
Assessed improvement
$144,350
Land market value
$181,550
Improvement market value
$517,370
Total market value
$698,920
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
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
22
Rooms
10
Bathrooms
3
Total area
6,540 SF
Lot
0.6 ac (26,010 SF)
Zoning code
C-2
APN
2945-151-11-023
UPID
US13-1175249
Jurisdiction
MESA
Zoning & alternative use
C-2 · Grand Junction, CO
Zoning C-2 · permitted uses
C-2 · 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
WAREHOUSE, STORAGE Current
Est. value
$965,000
OFFICE BUILDING
Est. value
$920,000
RETAIL STORES
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$855,000
WAREHOUSE, STORAGE Current
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
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
22
Rooms
10
Bathrooms
3
Lot
0.6 ac
Current owner
From public records · entity-resolved
Riskey Business LLC
Entity
Mailing address
124 N 7TH ST, GRAND JUNCTION, CO 81501-3524
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
$730,000
Riskey Business LLC
B&b Properties LLC
Special Warranty Deed
$739,235 · Bank Of Colorado
—
—
Gary D Derush
—
Deed Of Trust
related
$152,419 · Grand Valley National 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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