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    Turn-Key Restaurant Suite Title is generated by Realmo AI

    230 Lynwood Street, Grand Junction, CO 81503

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    For Lease
    $2,000/Mo $1.50 SF/Yr (calc)

    COMMERCIAL - Grand Junction, CO

    Property size:
    15,970 SF
    Added:
    Apr 1, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for 230 Lynwood Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Active
    Size
    15,970 SF

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Cory Carlson
    Cory Carlson

    Listing agent Cory Carlson License #100087222

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

    Listing date Apr 1, 2026

    MLS# 20261533

    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 on Highway 50 with excellent visibility and access.
    • Turn‑key commercial unit suitable for food/beverage, service, or office uses.
    • High traffic counts and strong surrounding retail environment.
    • Functional layout with dedicated food prep area and serving counter space.
    • No grease trap required, ideal for limited‑service food concepts.
    • Located near Orchard Mesa City Market and Starbucks.

    Overview

    This turn-key commercial suite is designed for a limited-service food and beverage concept, with a functional layout that supports day-to-day operations. A dedicated food prep area helps organize workflow, while there is room for a serving counter and flexible seating options. The space also accommodates both indoor and outdoor seating, giving operators room to adjust the guest experience based on demand. The setup is built for practicality, including the benefit of no grease trap required. In addition, the versatile design can support service-oriented uses or office use.

    The location offers strong visibility and convenient access along Highway 50. The property is just east of Orchard Mesa City Market and Starbucks, placing it among active retail destinations. Public remarks also cite high traffic counts and a robust surrounding retail environment, which can help support consistent customer discovery.

    For tenants, this configuration is well-suited to a restaurant operator seeking an efficient, plug-in type space for quick service and flexible seating. Service users and smaller office teams may also find the layout workable thanks to the adaptable room arrangement. If you are looking for a versatile retail suite with a ready-to-operate restaurant plan and strong corridor presence, this is a compelling option.
    Property Profile Location Intelligence

    Current Use by Public Records

    Daylight Donuts Bakery Mary's Restaurant Restaurant U Top It ... Cafe & Coffee Shop Horn Dumpster Rental Waste Management Facility A Couple of Stitches Embroidery Factory

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.537893
    Latitude
    39.046122

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    FAQs

    What type of property is this?
    Retail space - Turn-key suite with dedicated prep area and flexible indoor/outdoor seating on a high-visibility Highway 50 corridor.
    Where is this retail space located?
    The property is located at 230 Lynwood Street Grand Junction, CO.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Prime location on Highway 50 with excellent visibility and access.; Turn‑key commercial unit suitable for food/beverage, service, or office uses.; High traffic counts and strong surrounding retail environment.
    (970) 261-9311
    We can help!
    Listing Contact
    Cory Carlson
    Cory Carlson
    Real Estate License ID: 100087222
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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.

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