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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Retail space
622 Gunnison Ave Grand Junction, CO 81501-5747
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0993638
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,000 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C-2
APN
2945-151-11-025
UPID
US13-0993638
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
-
G &G Medical Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$950k
Owner & transaction history
Riskey Business LLC · 1 yrs held
Riskey Business LLC
since 2024
Last sale
$950,000
6 recorded transactions
Zoning & alternative use
C-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+59.6%
Warehouse, storage
$740,000
+7.9%
Office building
$700,000
+2.7%
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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
RETAIL STORES
$685,000
Current use
RESTAURANT
$1,090,000
Change: +60% · Conversion: Easy
WAREHOUSE, STORAGE
$740,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: +3% · Conversion: Easy
COMMERCIAL (GENERAL)
$655,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Nov 4 2024)
Last sale anchor
$950k
Nov 4 2024
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
$190 / 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
$12,056
Tax year 2023
Assessed value
$170,520
Assessed 2023
Previous assessed
$160,430
+6.3% YoY
Effective rate
7.07%
On assessed value
Assessed land
$60,490
Assessed improvement
$110,030
Land market value
$216,820
Improvement market value
$394,370
Total market value
$611,190
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
5,000 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C-2
APN
2945-151-11-025
UPID
US13-0993638
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
RETAIL STORES Current
Est. value
$685,000
RESTAURANT
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$740,000
OFFICE BUILDING
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$655,000
RETAIL STORES Current
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Riskey Business LLC
Entity
Mailing address
101 S 3RD ST STE #360, GRAND JUNCTION, CO 81501-2477
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
Jeffrey Piper
—
Deed
related
$400,000 · Jeffrey Piper
Nov 4, 2024
$950,000
Riskey Business LLC
H R Adventures LLC
Warranty Deed
$800,000 · David William Talbott Etal
Mar 6, 2023
—
H R Adventures LLC
—
Deed
related
$1,000,000 · Timberline Bank
Nov 22, 2022
$744,000
H R Adventures LLC
P & L Properties LLC
Warranty Deed
—
Jul 11, 2012
$4,200,000
P & L Properties LLC
Horizon Park Plaza LLC
Grant Deed
$4,000,000 · Alpine Bank
—
—
P & L Properties LLC
—
Deed Of Trust
related
$980,000 · American National Bank & Trust
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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