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Property profile & analytics
OFF-MARKET
Estimated value
$6,290,000
Office buildings
743 Horizon Ct Grand Junction, CO 81506-8701
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0723830
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1981
Construction
STEEL FRAME
Total area
71,311 SF
Lot
2.57 ac (111,949 SF)
Zoning code
C-1
APN
2701-364-26-037
UPID
US13-0723830
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
-
Guild Mortgage Company Consultant Mortgage Lender
-
Grant W Odelberg - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Kansas City Life Insurance Co Insurance Agency
-
Michael Buster, Bankers Life Agent Insurance Agency
-
Ethos Financial Partners - Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.45M
Blend (final)
Blend
$6.29M
Owner & transaction history
H R Adventures LLC · 4 yrs held
H R Adventures LLC
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
C-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
$6,215,000
ML approach
$6,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,015,000
Current use
RETAIL STORES
$9,635,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$6.29M
Range $5.66M – $6.92M · ±10% · vs last sale $6.34M (May 10 2022)
Last sale anchor
$6.34M
May 10 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
$88 / 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
$119,947
Tax year 2023
Assessed value
$1,620,680
Assessed 2023
Previous assessed
$1,148,170
+41.2% YoY
Effective rate
7.40%
On assessed value
Assessed land
$112,440
Assessed improvement
$1,508,240
Land market value
$403,020
Improvement market value
$5,405,880
Total market value
$5,808,900
Applied tax rate
14,102.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
47
Total area
71,311 SF
Lot
2.57 ac (111,949 SF)
Zoning code
C-1
APN
2701-364-26-037
UPID
US13-0723830
Jurisdiction
MESA
Zoning & alternative use
C-1 · Grand Junction, CO
Zoning C-1 · permitted uses
C-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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.0M
RETAIL STORES
Est. value
$9.6M
OFFICE BUILDING Current
RETAIL STORES
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
1981
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
47
Lot
2.57 ac
Current owner
From public records · entity-resolved
H R Adventures LLC
Entity
Mailing address
101 S 3RD ST STE #360, GRAND JUNCTION, CO 81501-2477
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
Hr Adventures LLC
—
Deed
related
$1,700,000 · Timberline Bank
May 10, 2022
$6,336,183
H R Adventures LLC
P & L Properties LLC
Warranty Deed
$4,400,000 · Timberline Bank
May 10, 2022
—
Hr Adventures LLC
—
Deed
related
$5,000,000 · Timberline Bank
Aug 19, 2016
—
P & L Properties LLC
—
Deed
related
—
Jul 11, 2012
$4,200,000
P & L Properties LLC
Horizon Park Plaza LLC
Warranty Deed
—
Feb 22, 2005
—
Horizon Park Plaza LLC
Coneen Family Trust
Quit Claim Deed
related
—
—
—
P & L Properties LLC
—
Loan Modification
related
—
—
—
Horizon Park Plaza LLC
—
Deed Of Trust
related
$9,000,000 · Union Bank Of California
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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