Sign Up Successful!
You now have access to more from Realmo!
    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

    1059 North Ave, Unit 4 Grand Junction, CO 81501

    Sponsored
    For Lease
    $1,994 /Mo ($3 SF/Yr)

    COMMERCIAL - Grand Junction, CO

    Property size:
    6,500 SF
    Days on Market:
    13
    Last Refresh:
    Feb 25 at 2:06 am

    Property Features for 1059 North Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Parking
    5
    Parking features
    On Street
    Size
    6,500 SF

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    Katie Worrall
    Katie Worrall

    CBRE (970) 216-7474

    Listing agent Katie Worrall (970) 216-7474

    Listing date Feb 13, 2026

    MLS# 20244630

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Retail Space on North Avenue

    This is an end-cap retail space located on North Avenue. The building and space were renovated in 2023. Situated at the intersection of 11th Street and North Avenue, it is across from Colorado Mesa University (CMU) and KFC. The location benefits from high traffic and visibility. The property includes a parking lot on site. The space has frontage on both North Avenue and 11th Street. Unit #4 offers 1,650 square feet of space. Interior features include painted concrete floors, a new restroom, new paint, and upgraded electricity. The property also has new windows and an updated exterior.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm Freezies treats factory Specialty Food Shop Metro by T-Mobile Mobile Phone Store Euromart Grocery & Convenience Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.554569
    Latitude
    39.077154

    Nearby Similar for Lease

    • $5,500 /Mo
      17,037 SF

      Spacious Office Near Mesa Mall

      Corner office space with easy access to amenities and highways.
      2452 Patterson Rd, Grand Junction, CO 81505
      View Details
    • $7,889 /Mo
      34,623 SF

      Downtown Office Space with Monument Views

      Modern office suite with open layout and abundant natural light.
      734 Main St Unit, Grand Junction, CO 81501
      View Details
    • $10,417 /Mo
      159,660 SF

      New Industrial Facility in Colorado

      New construction industrial space with easy access to I-70.
      2825 Riverside Pkwy, Grand Junction, CO 81501
      View Details
    • $38,333
      159,660 SF

      New Industrial Facility in Grand Junction

      Modern industrial space with easy access to I-70 and Hwy-50.
      2825 Riverside Pkwy, Grand Junction, CO 81501
      View Details
    • $980 /Mo
      3,291 SF

      Victorian Building Office Suites

      Downtown office suites in a converted Victorian building for rent.
      838 Grand Ave, Grand Junction, CO 81501
      View Details
    • $20,000 /Mo
      159,660 SF

      New Industrial Facility For Lease

      Modern industrial facility with logistical benefits, close to I-70.
      2825 Riverside Pkwy, Grand Junction, CO 81501
      View Details
    • $795 /Mo
      9,510 SF

      Class A Executive Office Space

      All-inclusive executive office space at The Vault building.
      2755 North Ave, Grand Junction, CO 81501
      View Details
    • $495 /Mo
      9,510 SF

      Class A Executive Office Space

      All-inclusive executive office space at The Vault building.
      2755 North Ave, Grand Junction, CO 81501
      View Details
    • $795 /Mo
      9,510 SF

      Class A Executive Office Space

      All-inclusive executive office space at The Vault building.
      2755 North Ave, Grand Junction, CO 81501
      View Details
    • $795 /Mo
      9,510 SF

      Class A Executive Office Space

      All-inclusive executive office space at The Vault building.
      2755 North Ave, Grand Junction, CO 81501
      View Details
    • $10,087 /Mo
      5,502 SF

      Historic Grand Junction Creative Space

      Architecturally significant building remodeled for artists and creative endeavors.
      535 N 7Th St, Grand Junction, CO 81501
      View Details
    • $875 /Mo
      2,823 SF

      Charming Downtown Grand Junction Office

      Historic office space with great visibility and private parking.
      858 Grand Ave, Grand Junction, CO 81501
      View Details

    FAQs

    What type of property is this?
    Retail space - End-cap retail space with high visibility and recent renovations.
    Where is this retail space located?
    The property is located at 1059 North Ave, Unit 4 Grand Junction, CO.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Renovated in 2023 with updated features including painted concrete floors, new restroom, new paint, upgraded electricity, and new windows/exterior.; - High-traffic location on North Avenue with excellent visibility, situated across from CMU and KFC.; - End-cap retail space with frontage on both North Avenue and 11th Street.
    (970) 216-7474
    Request Owner's contact information
    1059 North Ave, Unit 4 Grand Junction, CO 81501
    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.
    1059 North Ave, Unit 4
    Grand Junction, CO 81501
    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
    1059 North Ave, Unit 4 Grand Junction, CO 81501
    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

    We can help!
    Listing Contact
    Katie Worrall
    Katie Worrall
    Real Estate License ID: EA01317901
    (970) 216-7474
    Learn more
    Google sign-in failed. Please try again or use another login method.