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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Medical Office Space
827 Texas Walk, Grand Junction, CO 81501-3047
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-2376283
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
WOOD
Total area
24,300 SF
Lot
0.16 ac (6,970 SF)
Zoning code
1212
APN
2945-114-13-011
UPID
US13-2376283
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
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
Colorado Mesa University · 8 yrs held
Colorado Mesa University
since 2017
7 recorded transactions
Zoning & alternative use
1212 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+15.4%
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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,955,000
Current use
RESTAURANT
$2,255,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,790,000
Change: -8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,650,000
Change: -16% · Conversion: Difficult
OFFICE BUILDING
$1,615,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$66 / 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
Assessed value
$2,163,320
Assessed 2023
Previous assessed
$1,672,870
+29.3% YoY
Assessed land
$27,900
Assessed improvement
$2,135,420
Land market value
$100,000
Improvement market value
$7,653,830
Total market value
$7,753,830
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
24,300 SF
Lot
0.16 ac (6,970 SF)
Zoning code
1212
APN
2945-114-13-011
UPID
US13-2376283
Jurisdiction
MESA
Zoning & alternative use
1212 · Grand Junction, CO
Zoning 1212 · permitted uses
1212 · 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
MEDICAL BUILDING Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.3M
RETAIL STORES
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2022
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Colorado Mesa University
Individual
Free & Clear · 8 yrs held
Mailing address
836 GLENWOOD AVE, GRAND JUNCTION, CO 81501-3072
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2017
—
Colorado Mesa University
Colorado Mesa Univ R/e Foun
Quit Claim Deed
related
—
Jul 6, 2017
$187,000
Colorado Mesa Univ R & E Foun
Elliott,joseph & Dana
Warranty Deed
—
Oct 31, 2008
$195,000
Joseph E Elliott
Masden,lisa D
Grant Deed
$156,000 · Bank Of The West
Nov 14, 2003
$139,000
Lisa D Masden
Etenburn,robert L & Margrette R
Grant Deed
$119,000 · Fidelity Mortgage
Dec 31, 2002
—
Margrette R Etenburn
Etenburn,margrette R
Quit Claim Deed
related
$81,500 · Commercial Federal Bank
—
—
Margrette R Lisle
—
Deed Of Trust
related
$42,000 · Commercial Fed'l Mortgage Corp
—
—
Margrette R Lisle
—
Deed Of Trust
related
$25,167 · Commercial Federal 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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