Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Upstairs Office Suite on Roundabout Title is generated by Realmo AI

    156 Park Square, Fruita, CO 81521

    View on Map
    Claim this Listing
    For Lease
    $775/Mo $2 SF/Yr (calc)

    COMMERCIAL - Fruita, CO

    Property size:
    3,840 SF
    Added:
    Aug 30, 2024
    Days on Market:
    645
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 156 Park Square

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    On Street
    Security features
    Security
    Standard status
    Active
    Size
    3,840 SF

    Building Details

    Year built
    1885

    We can help!

    Listing Contact
    Sid Squirrell
    Sid Squirrell

    Listing agent Sid Squirrell License #EA263711

    Listing office BRAY/COMMERCIAL 1015 N 7TH ST, GRAND JUNCTION, CO

    Listing date Aug 30, 2024

    MLS# 20243987

    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

    • Prime Location: Fronting directly on Fruita's Roundabout, offering high visibility and accessibility.
    • Immediate Availability: Ready for immediate move‑in, allowing for quick business setup.
    • Convenient Access: Easy access to Fruita's restaurants and shops.
    • Open Layout: Wide open 720 sq ft space, providing flexibility for office configuration.
    • Ample Parking: Lots of on‑street parking available for clients and employees.
    • Secure Access: Shared access with the main level tenant but secured for privacy.

    Overview

    This upstairs office suite offers a wide-open layout in great condition, measuring 720 square feet and not designed as ADA space. The space is configured for flexible office use and includes secure shared access with the main level tenant, supporting privacy while maintaining convenient building entry. Availability is immediate for qualified occupants seeking a clean, efficient, ready-to-use office environment.

    The suite fronts directly on Fruita’s Roundabout, providing easy access to nearby restaurants and shops in the area. Parking is available on-street, with lots of on-street parking noted, though there is no off-street parking included. Shared access is secured, and the location’s street-facing position supports straightforward customer and employee arrival.

    The lease is structured on a 3-5 year term and is a triple net arrangement. The 2024 budget is provided at $300 per month, or $5.00 per square foot, with additional responsibility for gas and electric. This configuration is a practical fit for professional service users and small offices that value an open interior, immediate move-in capability, and convenient access to local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fruita
    County
    Mesa
    State
    Colorado
    Longitude
    -108.733108
    Latitude
    39.158256

    Nearby Similar for Lease

    • $1,900/Mo
      11,250 SF

      Industrial Warehouse with Office

      Functional warehouse setup with an overhead door and attached office, ideal for small industrial and light commercial operations.
      864 20 Road, Fruita, CO 81521
      View Details
    • $3,054/Mo
      1,666 SF

      Medical Office Condo Suite

      Well-designed medical condo with waiting area, exam rooms, and nurse stations for efficient outpatient care.
      455 Kokopelli Boulevard, Fruita, CO 81521
      View Details
    • $1,300/Mo
      4,536 SF

      Office-Retail Flex Space with Private Entrances

      A versatile unit with reception, three offices, a large flex area, private climate control, and seven reserved parking spaces.
      529 E Grand Avenue, Fruita, CO 81521
      View Details
    • $3,083/Mo
      1,408 SF

      Fruita Retail/Office Space For Lease

      Customizable retail/office space with high traffic and easy I-70 access.
      401 Jurassic Avenue, Fruita, CO 81521
      View Details
    • $3,084/Mo
      7,200 SF

      Insulated Warehouse with Mezzanine

      Climate-controlled warehouse with multiple overhead doors and dedicated office-ready mezzanine for efficient operations and administration.
      221 Highway 6&50, Fruita, CO 81521
      View Details
    • Contact for pricing

      Fruita Commercial Space For Rent

      Premium commercial space in Fruita with flexible layout and parking.
      529 E Grand Ave, Fruita, CO 81521
      View Details
    • $12 SF/Yr
      720 SF

      Fruita Roundabout Upstairs Office Space

      720 SF office space in Fruita's vibrant Roundabout.
      156 S Park Square, Fruita, CO 81521
      View Details

    FAQs

    What type of property is this?
    Office units - Turnkey, wide-open upstairs office suite with secure shared entry and strong access to Fruita’s dining and retail.
    Where is this office units located?
    The property is located at 156 Park Square Fruita, CO.
    What is the lease rate?
    The lease rate is $775 /Mo.
    What are key features of this property?
    This property features: Prime Location: Fronting directly on Fruita's Roundabout, offering **high visibility and accessibility.**; Immediate Availability: **Ready for immediate move‑in**, allowing for quick business setup.; Convenient Access: Easy access to Fruita's restaurants and shops.
    (970) 260-0121
    We can help!
    Listing Contact
    Sid Squirrell
    Sid Squirrell
    Real Estate License ID: EA263711
    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

    Thank You for Inquiry
    156 Park Square, Fruita, CO 81521
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!