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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office buildings
800 Belford Ave Grand Junction, CO 81501-3100
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0664250
Property summary
AI-generated overview
This exceptional 5,964-square-foot office building in Grand Junction, Colorado, presents a compelling investment opportunity. Situated on a 0.41-acre corner lot, this two-story, Class B property boasts 24 parking spaces and is fully occupied by nine tenants under a triple-net (NNN) lease. The building, constructed in 1996, features a main floor with six offices, restrooms, a conference room, a built-in reception area, workspace with additional desk space, and a break room. The second floor offers seven offices, restrooms, and a break room. The property is zoned MU-2 and offers potential for an elevator addition. Electrical wiring is in place for monument signage. The asking price is $1,285,000, representing a $215.46 per square foot price and a 5.43% cap rate with a current NOI of $69,837. The property is ideally suited for both owner-users and investors, and is available for a 1031 exchange. A potential deed restriction exists regarding competing businesses
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
WOOD
Total area
6,045 SF
Lot
0.4 ac (17,375 SF)
Zoning code
C-1
APN
2945-141-03-010
UPID
US13-0664250
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
-
Sam Miller Oneal Steel Manufacturers Inc. Factory Production Facility
-
Farmers Insurance - Julian Henao Insurance Agency
-
Universal Lending Corporation Loan Service Bank
-
Scott Chausse, MA, LPC, LAC Counselor
-
Carlsen Resources Inc Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$760k
Owner & transaction history
Samuel J Baldwin · 2 yrs held
Samuel J Baldwin
since 2023
Last sale
$770,000
4 recorded transactions
Zoning & alternative use
C-1 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$890,000
+5.0%
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
$610,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Current use
WAREHOUSE, STORAGE
$890,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$825,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$790,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $770k (Oct 4 2023)
Last sale anchor
$770k
Oct 4 2023
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
$126 / 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
$18,576
Tax year 2023
Assessed value
$262,730
Assessed 2023
Previous assessed
$222,150
+18.3% YoY
Effective rate
7.07%
On assessed value
Assessed land
$38,200
Assessed improvement
$224,530
Land market value
$136,920
Improvement market value
$804,770
Total market value
$941,690
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2
Rooms
10
Bathrooms
2
Total area
6,045 SF
Lot
0.4 ac (17,375 SF)
Zoning code
C-1
APN
2945-141-03-010
UPID
US13-0664250
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
$850,000
WAREHOUSE, STORAGE
Est. value
$890,000
RETAIL STORES
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$790,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Rooms
10
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Samuel J Baldwin
Individual
Mailing address
2581 FOX RUN, GRAND JUNCTION, CO 81505-8679
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
—
Samuel J Baldwin
Abacus Investments LLC
Quit Claim Deed
related
—
Jun 30, 2015
$770,000
Abacus Inv
800 Belford Building LLC
Grant Deed
$635,000 · 800 Belford Building LLC
Nov 2, 1998
—
Fruita Industrial Ltd
Cucchetti,r P
Quit Claim Deed
related
—
—
—
800 Belford Building LLC
—
Deed Of Trust
related
$200,000 · 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.
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