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    201 W Park Drive unit 204 Grand Junction, CO 81505

    View on Map
    For Lease
    $5,588 /Mo

    COMMERCIAL - Grand Junction, CO

    Property size:
    18,122 SF
    Added:
    Jul 16, 2025
    Days on Market:
    262
    Last Refresh:
    Apr 3 at 12:06 am

    Property Features for 201 W Park Drive unit 204

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    50
    Parking features
    On Street
    Standard status
    Active
    Size
    18,122 SF

    Building Details

    Year built
    2012

    We can help!

    Listing Contact
    Theresa Englbrecht
    Theresa Englbrecht

    Listing agent Theresa Englbrecht License #FA100006764

    Listing office VENTURE GROUP 627 24 1/2 RD UNIT D, GRAND JUNCTION, CO

    Listing date Jul 16, 2025

    MLS# 20253399

    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

    Class A Medical Office Space

    This Class A medical office building offers space for lease in Grand Junction's central medical corridor, approximately 0.5 miles from St. Mary's Hospital and about 2 miles from Community Hospital. A total of 12,922 square feet is available, divisible into units starting from approximately 800 square feet. The first floor features a 6,007-square-foot surgery center with 2 operating rooms, a post-op area, 4 exam rooms, and locker rooms. The second floor, comprising 7,047 square feet, includes 4 suites with multiple exam rooms, physical therapy space, open areas, and executive offices, along with a shared conference room and restrooms. Unit 101, the surgery center, measures 6,007 square feet. Units 201, 202, 203, and 204 on the second floor total 7,047 square feet and are built out as 4 separate suites. The entire building encompasses 18,122 square feet, with 12,922 square feet currently available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PT Link Physical ... Medical Clinic Matthew Langston MD Physician Jeffrey Johnson Physician David Saldivar Physician Marina Brown Medical Clinic

    Suggested Use

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

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

    Similar Places Nearby

    • Redstone A Banfield Animal Hospital — 2582 Patterson Rd, Grand Junction, CO 81505
    • Cottonwood Veterinary Hospital — 2232 N 7th St #18, Grand Junction, CO 81501
    • Redstone Veterinary Hospital: Maguire Peter DVM — 2582 Patterson Rd, Grand Junction, CO 81505
    • Banfield Pet Hospital — 2582 Patterson Rd, Grand Junction, CO 81505

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.572482
    Latitude
    39.090543

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    FAQs

    What type of property is this?
    Medical Office Space - Medical office building in Grand Junction's medical corridor.
    Where is this medical office space located?
    The property is located at 201 W Park Drive unit 204 Grand Junction, CO.
    What is the lease rate?
    The lease rate is $5,588 /Mo.
    What are key features of this property?
    This property features: Prime location in Grand Junction's medical corridor, near St. Mary's Hospital; Class A medical office building with flexible unit sizes, from 800 SF to 12,922 SF available; **First floor features a fully built‑out surgery center (6,007 SF) with 2 operating rooms and related facilities**
    (970) 201-1849
    We can help!
    Listing Contact
    Theresa Englbrecht
    Theresa Englbrecht
    Real Estate License ID: FA100006764
    Learn More
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    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
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