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Property profile & analytics
FOR LEASE
Flex space
738 Scarlet St Grand Junction, CO 81505-9436
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1100643
For Lease
1 / 9
$13,150/Mo
738 Scarlet St, Grand Junction, CO 81505-9436
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Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1998
Construction
STEEL FRAME
Total area
13,150 SF
Lot
1.03 ac (44,867 SF)
Zoning code
I-1
APN
2701-313-20-001
UPID
US13-1100643
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
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$965k
Owner & transaction history
Scarlet Units LLC · 19 yrs held
Scarlet Units LLC
since 2007
6 recorded transactions
Zoning & alternative use
I-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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$73 / 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
$13,658
Tax year 2023
Assessed value
$188,680
Assessed 2023
Previous assessed
$173,820
+8.5% YoY
Effective rate
7.24%
On assessed value
Assessed land
$40,680
Assessed improvement
$148,000
Land market value
$145,820
Improvement market value
$530,450
Total market value
$676,270
Applied tax rate
10,301.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
2
Rooms
10
Bathrooms
3
Total area
13,150 SF
Lot
1.03 ac (44,867 SF)
Zoning code
I-1
APN
2701-313-20-001
UPID
US13-1100643
Jurisdiction
MESA
Zoning & alternative use
I-1 · Grand Junction, CO
Zoning I-1 · permitted uses
I-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
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Rooms
10
Bathrooms
3
Lot
1.03 ac
Current owner
From public records · entity-resolved
Scarlet Units LLC
Entity
Mailing address
303 W FRANCIS ST, ASPEN, CO 81611-1360
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
May 31, 2007
—
Scarlet Units LLC
Sax,joel
Quit Claim Deed
related
—
May 11, 2005
$1,325,000
Joel Sax
Aberle,charles W
Warranty Deed
$750,000 · Alpine Bank
—
—
Joel Sax
—
Deed Of Trust
related
$750,000 · Alpine Bank
—
—
Joel Sax
—
Deed Of Trust
related
$250,000 · Alpine Bank
—
—
Sax Commerce LLC
—
Deed Of Trust
related
$4,000,000 · Alpine Bank
—
—
Sax Commerce LLC
—
Deed Of Trust
related
$1,529,000 · Alpine 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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