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

    1048 Independent Avenue Grand Junction, CO 81505

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,288/Mo $0.41 SF/Yr (calc)

    COMMERCIAL - Grand Junction, CO

    Property size:
    66,568 SF
    Added:
    Apr 24, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 25 at 11:06 am

    Property Features for 1048 Independent Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    66,568 SF

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Jackson Berry

    Listing agent Jackson Berry License #FA100017940

    Listing office RED COMPASS REALTY 1910 N 12TH ST #A, GRAND JUNCTION, CO

    Listing date Apr 24, 2026

    MLS# 20261908

    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

    Grand Junction Office/Warehouse Unit

    This commercial property in Grand Junction features an office and warehouse unit. The office area includes two private offices and a private restroom, and it has been recently updated with new carpet tiles and paint. The warehouse component offers one overhead door, high ceilings, and a utility sink. Additional mezzanine storage is available within the warehouse. The property is located next to Sam's Club.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ambassador Blind N' ... (Bike/Boat/Book/etc) Store INDEPENDENCE PLAZA Business Service Center See You Laser Spa & Massage Center Humboldt, Inc. Corporate Office Landmark Staffing Employment Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Similar Places Nearby

    • Practical Smokers BBQ, Catering, and more... — 596 N Commercial Dr, Grand Junction, CO 81505
    • Willy's Wild Carvings — 2400 Consistory Ct, Grand Junction, CO 81501
    • Eglantine Catering — 104 Orchard Ave, Grand Junction, CO 81501
    • Chef Michaels Signature Blends — 2536 Rimrock Ave, Grand Junction, CO 81505
    • USCA Chef Association — 2536 Rimrock Ave, Grand Junction, CO 81505

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.581572
    Latitude
    39.081369

    Nearby Similar for Lease

    • $3,385/Mo

      Grand Junction Professional Office Space

      Professional office spaces available for lease in Grand Junction, CO.
      360 W Park Drive, Grand Junction, CO 81505
      View Details
    • $2,500/Mo

      Grand Junction Office Space Available

      Multiple office units available for lease in Grand Junction, CO.
      360 W Park Drive, Grand Junction, CO 81505
      View Details
    • $3,000/Mo

      Grand Junction Office Space Available

      Three professional office units for lease in Grand Junction.
      360 W Park Drive, Grand Junction, CO 81505
      View Details
    • $3,803/Mo

      Medical Office Space Available

      Medical office space for lease in Grand Junction, Colorado.
      3150 N 12th Street, Grand Junction, CO 81506
      View Details
    • $2,000/Mo

      Grand Junction Commercial Space Available

      Prime commercial space with high visibility and versatile layout.
      230 Lynwood Street, Grand Junction, CO 81503
      View Details
    • $1,700/Mo

      Prime Business Space Sublet

      Sublet opportunity in busy shopping center, ideal for office/service.
      2695 Patterson Road, Grand Junction, CO 81506
      View Details
    • $1,645/Mo

      Historic Downtown Commercial Space Available

      Charming 850 SF space in the heart of downtown.
      858 Grand Avenue, Grand Junction, CO 81501
      View Details
    • $6,000/Mo

      Versatile Commercial Condo in Grand Junction

      Spacious condo with flexible layout, suitable for various uses.
      2938 North Avenue, Grand Junction, CO 81504
      View Details
    • $485/Mo

      Charming Downtown Grand Junction Office

      Historic office space with great visibility and private parking.
      858 Grand Avenue, Grand Junction, CO 81501
      View Details
    • $3,540/Mo

      Grand Junction Medical/Professional Office Space

      Move-in ready medical or professional office space for lease.
      2646 Patterson Road, Grand Junction, CO 81506
      View Details
    • $2,200/Mo

      Grand Junction Flex Space Available

      2,300 SF flex space ideal for small service business.
      826 21 1/2 Road, Grand Junction, CO 81505
      View Details
    • $3,150/Mo

      Grand Junction Office/Shop Space

      3,800+ SF flex space with showroom and shop spaces.
      2872 I-70 Business Loop, Grand Junction, CO 81501
      View Details

    FAQs

    What type of property is this?
    Flex space - Office and warehouse space available for lease in Grand Junction.
    Where is this flex space located?
    The property is located at 1048 Independent Avenue Grand Junction, CO.
    What is the lease rate?
    The lease rate is $2,288 /Mo.
    What are key features of this property?
    This property features: Excellent location next to Sam's Club.; Updated office space with new carpet tiles and paint.; Warehouse with high ceilings and one overhead door.
    (970) 261-9136
    We can help!
    Listing Contact
    Jackson Berry
    Real Estate License ID: FA100017940
    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!