Medical Office with
For Sale
$897,000
1660 North Avenue, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size3,000 SF
Price / SF$299
Days on Market45
Property Features for 1660 North Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MU-2
Directions
Located East of North 16th Street directly off of North Avenue.
Subdivision
Grand Junction City
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
14259
Listing Agency:
BRAY/COMMERCIAL
(970) 241-2909
Listed By:
Sid Squirrell · License #EA263711
(970) 260-0121
Added: Aug 26
Changed: Oct 9
Last Checked: Oct 9 at 3:06PM
MLS# 20264276
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.
Investment Insights
Based on property information with market context.
This medical office property offers approximately 3,000 SF of existing space configured for medical use, along with a large unfinished basement of approximately 2,200 SF. The layout provides an established professional setting with additional lower-level area for storage or future planning, subject to the applicable requirements.
The property fronts North Avenue in Grand Junction and benefits from visible exposure, existing signage, and ample off-street parking. Its medical-oriented buildout and combination of finished office space with unfinished basement area create a practical commercial configuration for an owner-user or other office operation, subject to verification of specific use and improvement requirements.
The property fronts North Avenue in Grand Junction and benefits from visible exposure, existing signage, and ample off-street parking. Its medical-oriented buildout and combination of finished office space with unfinished basement area create a practical commercial configuration for an owner-user or other office operation, subject to verification of specific use and improvement requirements.
Key Highlights
- Approximately 3,000 SF of office space built out for medical use
- Large unfinished basement of approximately 2,200 SF
- Frontage and exposure along North Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,350
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,000
$567.0K
Cap Rate 7%
$405,000
$405.0K
Cap Rate 9%
$315,000
$315.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$16.2K −$5.40/SF
EGI
$37.8K $12.60/SF
− OpEx
−$9.5K −$3.15/SF
NOI
$28.4K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,000
Cap Rate 7%
$405,000
Cap Rate 9%
$315,000
Alternative Uses
Best Use
Healthcare Medical
$5.69M
$4.98M – $6.64M
NOI $398,520 @ 7.0% cap · market cap 44.43%
Second Best
Office B
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 3.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
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- Animal ER of the Western Slope — 1660 North Ave, Grand Junction, CO 81501
- Cottonwood Veterinary Hospital — 2232 N 7th St #18, Grand Junction, CO 81501
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical-oriented office buildout with off-street parking, signage, and additional unfinished lower-level space.
Where is this medical office space located?
The property is located at 1660 North Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $897,000.
What are key features of this property?
This property features: Approximately 3,000 SF of office space built out for medical use; Large unfinished basement of approximately 2,200 SF; Frontage and exposure along North Avenue
