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    Connected Retail Showroom Suites Title is generated by Realmo AI

    1021 Mayfly Drive, Montrose, CO 81401

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    For Lease
    $2,993/Mo $2 SF/Yr (calc)

    COMMERCIAL - Montrose, CO

    Property size:
    15,555 SF
    Added:
    Sep 2, 2025
    Days on Market:
    278
    Last Refresh:
    Jun 6 at 3:06 am

    Property Features for 1021 Mayfly Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Size
    15,555 SF

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    John Metcalf

    Listing agent John Metcalf

    Listing office COLDWELL BANKER DISTINCTIVE PROPERTIES 131 N 6TH ST STE 200, GRAND JUNCTION, CO

    Listing date Sep 2, 2025

    MLS# 20254246

    Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Adaptable space suitable for retail showroom, creative workspace, or boutique food and beverage.
    • Efficient layout with a welcoming storefront presence.
    • Located in a dynamic mixed‑use development in Montrose.
    • Opportunity to thrive in an active area.
    • Under Construction: New build.
    • Year Built: 2026

    Overview

    Suite 109 offers connected retail showroom space with a practical layout geared toward day-to-day operations. The configuration is designed to support a welcoming storefront presence while still giving tenants the adaptability to shape their space around their brand. This setup can work well for a retail showroom, a creative workspace, or a boutique food and beverage concept where visitors need an inviting first impression.

    The suites are located at 1021 Mayfly Drive in Montrose, within a dynamic mixed-use destination. The property’s position inside a mixed-use development supports a tenant’s ability to participate in an active retail and lifestyle environment.

    For tenants and operators, this is a strong choice when you want the flexibility of connected spaces without sacrificing a clear, customer-facing presence. The combination of adaptability and efficient flow makes the suite appealing for brands that need both back-of-house practicality and a storefront-forward experience. If you’re evaluating options for a retail, creative, or boutique dining use, Suite 109 is set up to accommodate those needs within an established mixed-use context.
    Property Profile Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Telluride Carpet Installation — 14461 Marine Rd UNIT 420, Montrose, CO 81403
    • Carpetrends — 550 N Townsend Ave, Montrose, CO 81401
    • Particular Tile — 1825 Launa Dr, Montrose, CO 81401
    • Floor Covering Warehouse — 610 N Townsend Ave, Montrose, CO 81401

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8913614
    Latitude
    38.4845696

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    FAQs

    What type of property is this?
    Showroom - Flexible connected suites designed to balance efficient operations with strong storefront visibility in a mixed-use setting.
    Where is this showroom located?
    The property is located at 1021 Mayfly Drive Montrose, CO.
    What is the lease rate?
    The lease rate is $2,993 /Mo.
    What are key features of this property?
    This property features: Adaptable space suitable for retail showroom, creative workspace, or boutique food and beverage.; Efficient layout with a welcoming storefront presence.; Located in a dynamic mixed‑use development in Montrose.
    (760) 685-4995
    We can help!
    Listing Contact
    John Metcalf
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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