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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
627 Grand Ave Grand Junction, CO 81501-2737
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0398798
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
WOOD
Total area
3,326 SF
Lot
0.22 ac (9,375 SF)
Zoning code
B-2
APN
2945-143-06-004
UPID
US13-0398798
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
-
Horizon Agency Systems Insurance Agency
-
Rocky Mountain West Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$505k
Owner & transaction history
627 Grand Avenue LLC · 4 yrs held
627 Grand Avenue LLC
since 2021
Last sale
$585,000
6 recorded transactions
Zoning & alternative use
B-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$490,000
+7.9%
Office building
$465,000
+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
$435,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
RETAIL STORES
$455,000
Current use
WAREHOUSE, STORAGE
$490,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$465,000
Change: +3% · Conversion: Easy
COMMERCIAL (GENERAL)
$435,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $585k (Dec 2 2021)
Last sale anchor
$585k
Dec 2 2021
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
$152 / 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
$12,074
Tax year 2023
Assessed value
$165,130
Assessed 2023
Previous assessed
$103,640
+59.3% YoY
Effective rate
7.31%
On assessed value
Assessed land
$47,160
Assessed improvement
$117,970
Land market value
$169,020
Improvement market value
$422,830
Total market value
$591,850
Applied tax rate
10,104.0000
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
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Rooms
8
Bathrooms
2
Total area
3,326 SF
Lot
0.22 ac (9,375 SF)
Zoning code
B-2
APN
2945-143-06-004
UPID
US13-0398798
Jurisdiction
MESA
Zoning & alternative use
B-2 · Grand Junction, CO
Zoning B-2 · permitted uses
B-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
$455,000
WAREHOUSE, STORAGE
Est. value
$490,000
OFFICE BUILDING
Est. value
$465,000
COMMERCIAL (GENERAL)
Est. value
$435,000
RETAIL STORES Current
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
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
8
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
627 Grand Avenue LLC
Entity
Mailing address
627 GRAND AVE, GRAND JUNCTION, CO 81501-2737
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 2, 2021
$585,000
627 Grand Avenue LLC
Ethan T Cloutier
Special Warranty Deed
$562,500 · Bank Of The San Juans
Oct 22, 2020
—
Ethan T Cloutier
—
Deed
related
$185,573 · Grand Junction FCU
Nov 15, 2018
—
Ethan T Cloutier
—
Deed
related
$124,420 · Grand Junction FCU
Aug 20, 2010
$230,000
Ethan T Cloutier
Canaday,vicki
Warranty Deed
$226,943 · Major Mortgage USA
Feb 7, 2007
—
David R Canaday
—
Trustees Deed
related
$46,000 · Wrights Mesa LLC
Dec 1, 2005
—
David R Canaday
Canaday,dave R
Quit Claim Deed
related
$185,000 · Roy Cooke
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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