Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1021 Mayfly Drive unit 105 Montrose, CO 81401

    View on Map
    For Lease
    $2,888 /Mo

    COMMERCIAL - Montrose, CO

    Property size:
    15,555 SF
    Added:
    Sep 2, 2025
    Days on Market:
    213
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for 1021 Mayfly Drive unit 105

    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# 20254242

    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.

    Overview

    Retail/Office Space in Montrose, CO

    Suite 105 is a versatile space with a functional layout suitable for boutique retail, service-based businesses, or a professional office. Located along the River's Edge development in Montrose, CO, it benefits from frontage, strong visibility, and foot traffic within a growing community hub. The manageable size of the suite makes it an option for new or expanding businesses seeking a modern, efficient space. The property is located in Montrose County, CO, with a total property size of 15555 Square Feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8913614
    Latitude
    38.4845024

    Nearby Similar for Lease

    • Contact for pricing

      Montrose Warehouse Distribution Space

      Industrial warehouse with office, loading docks, and cooler space.
      400 Kristen Court, Montrose, CO 81401
      View Details
    • Contact for pricing

      Montrose Commercial Space For Rent

      Versatile suite ideal for retail, service, or office use.
      1021 Mayfly Drive unit: 103, Montrose, CO 81401
      View Details
    • Contact for pricing

      Montrose Retail or Office Space

      Versatile suite in growing community hub, ideal for various businesses.
      1021 Mayfly Drive unit: 104, Montrose, CO 81401
      View Details
    • Contact for pricing

      Montrose Retail Showroom Space

      Adaptable retail space in a dynamic mixed-use development.
      1021 Mayfly Drive unit: 109, Montrose, CO 81401
      View Details
    • Contact for pricing

      Montrose Commercial Space For Rent

      Adaptable suites suitable for retail, creative workspace, or food concepts.
      1021 Mayfly Drive unit: 107, Montrose, CO 81401
      View Details
    • Contact for pricing

      Montrose Commercial Space For Rent

      Adaptable suites suitable for retail, creative workspace, or food concept.
      1021 Mayfly Drive unit: 108, Montrose, CO 81401
      View Details
    • Contact for pricing

      Montrose Commercial Space For Rent

      Spacious suite ideal for restaurants, breweries, retail, or fitness.
      1021 Mayfly Drive unit: 106, Montrose, CO 81401
      View Details
    • Contact for pricing

      Premier Commercial Leasing Opportunity

      Desirable commercial address in Montrose with versatile space options.
      1404 Hawk Pkwy, Montrose, CO
      View Details
    • Contact for pricing

      Commercial Condo with Highway Access

      3,000 sq ft commercial condo for lease with highway access.
      425 Kristen Ct, Montrose, CO
      View Details
    • $30/mo

      Adaptable Retail Space in Montrose

      Retail suites suitable for showroom, workspace, or food concept.
      1021 Mayfly Dr, Montrose, CO
      View Details
    • Contact for pricing

      Montrose Office Space For Rent

      Office space near Main Street with flexible layout options.
      105 S Mesa Ave, Montrose, CO
      View Details
    • Contact for pricing

      Furnished Office Space Available

      Move-in ready office space with high visibility and included utilities.
      1832 S Townsend Ave, Montrose, CO
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile suite suitable for retail, service businesses, or professional office.
    Where is this retail space located?
    The property is located at 1021 Mayfly Drive unit 105 Montrose, CO.
    What is the lease rate?
    The lease rate is $2,888 /Mo.
    What are key features of this property?
    This property features: High visibility and foot traffic due to frontage along the River's Edge development.; Versatile suite suitable for retail, service‑based businesses, or professional office use.; Located within a growing community hub.
    (760) 685-4995
    We can help!
    Listing Contact
    John Metcalf
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!