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

    216 North Ave, Unit 8 Grand Junction, CO 81501

    Sponsored
    For Lease
    $1,218 /Mo ($2.00 SF/Yr)

    COMMERCIAL - Grand Junction, CO

    Property size:
    7,301 SF
    Days on Market:
    68
    Last Refresh:
    Jan 27 at 2:06 am

    Property Features for 216 North Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    7,301 SF

    Building Details

    Year built
    1947

    We can help!

    Listing Contact
    Cory Carlson
    Cory Carlson

    VENTURE GROUP (970) 778-0796

    Listing agent Cory Carlson (970) 261-9311

    Listing date Nov 21, 2025

    MLS# 20255444

    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

    Grand Junction Commercial Property For Rent

    This commercial property is located on North Avenue in Grand Junction, Colorado, offering high visibility and traffic. The building fronts North Avenue, providing easy access and strong exposure. The current lease structure is Modified Gross, where the tenant pays a prorated share of electric and gas, and the landlord covers water, sewer, and trash. The property is suitable for professional, retail, or service-based uses. The property contains 7301 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beckner Power Insurance Auto Insurance Agency Honeycomb Studio Salon Beauty Salon K 9 of Mesa ... Self Service Car Wash Judy's Boutique Clothing Store The Look by Amanda Hair Salon

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.569097
    Latitude
    39.077861

    Nearby Similar for Lease

    • $58,713
      46,970 SF

      Grand Junction Industrial Warehouse Space

      Industrial warehouse with cold storage, office, and retail space.
      2530 High Country Ct, Grand Junction, CO 81501
      View Details
    • $2,000 /Mo
      3,500 SF

      Downtown Grand Junction Retail/Live-Work Space

      Retail space with apartment in downtown Grand Junction.
      418 S 7Th St, Grand Junction, CO 81501
      View Details
    • $5,000 /Mo
      3,113 SF

      Downtown Grand Junction Retail/Office Space

      3,113 SF retail or office space in downtown Grand Junction.
      344 Main St, Grand Junction, CO 81501
      View Details
    • $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
    • $2,353 /Mo
      2,353 SF

      Grand Junction Office Suite For Rent

      Second-floor office suite in a highly visible Grand Junction location.
      1190 Bookcliff Ave, Grand Junction, CO 81501
      View Details
    • $8,900 /Mo
      34,623 SF

      Downtown Grand Junction Office Space

      Modern office space with flexible layout and downtown amenities.
      734 Main St Unit, Grand Junction, CO 81501
      View Details
    • $17,800 /Mo
      34,623 SF

      Downtown Office Space with Views

      Modern office space available in downtown Grand Junction.
      734 Main St Unit, 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
    • $1,590 /Mo
      9,510 SF

      Class A Executive Office Space

      All-inclusive Class A executive office space at The Vault.
      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
    • $1,590 /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
    • $1,590 /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

    FAQs

    What type of property is this?
    Retail space - Prime commercial property with high visibility and traffic.
    Where is this retail space located?
    The property is located at 216 North Ave, Unit 8 Grand Junction, CO.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: - Prime commercial property on North Avenue with excellent visibility; - High daily traffic counts in an active commercial corridor; - Strong exposure and easy access for tenants or owner-users
    (970) 261-9311
    Request Owner's contact information
    216 North Ave, Unit 8 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.
    216 North Ave, Unit 8
    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
    216 North Ave, Unit 8 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
    Cory Carlson
    Cory Carlson
    Real Estate License ID: CO 100087222
    (970) 261-9311
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.