Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 50 Shopping Center Space Title is generated by Realmo AI

    230 N Palmer Street, Delta, CO 81416

    View on Map
    Claim this Listing
    For Lease
    $2,200 /Mo

    COMMERCIAL - Delta, CO

    Added:
    Jan 28, 2025
    Days on Market:
    483
    Last Refresh:
    May 26 at 11:06 pm

    Property Features for 230 N Palmer Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1998

    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 Jan 28, 2025

    MLS# 20250376

    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

    • High‑traffic location off Highway 50, Delta's main thoroughfare
    • Strong co‑tenancy with national brands (McDonalds, City Market, Maverick, Sinclair)
    • Well‑maintained and professionally managed by Bray Property Management
    • Easy access and great signage
    • Potential for drive‑thru conversion
    • Located at the gateway to Gunnison River Country

    Overview

    Located off Highway 50, a main thoroughfare in Delta, this commercial space is situated within a shopping center that includes McDonalds, City Market, Maverick, and Sinclair. The property benefits from co-tenancy with businesses such as Dairy Queen, Subway, Luu's Nails, Sumo Sushi, and Value Vape. The space is located at the gateway to Gunnison River Country. The property is maintained and managed by Bray Property Management. The location offers easy access and signage opportunities. The space can be converted back into a drive-thru. The lease rate is $16+NNN ($5.75/SF/YR).
    Property Profile Location Intelligence

    Current Use by Public Records

    Homestead Meats Retail ... Grocery & Convenience Store Sudsy Duds Inc (Bike/Boat/Book/etc) Store

    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.

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — City Markets, 122 Gunnison River Dr., Delta, CO 81416

    Location Insight

    • Map
    • Local Demand
    City
    Delta
    County
    Delta
    State
    Colorado
    Longitude
    -108.072108
    Latitude
    38.746727

    Nearby Similar for Lease

    • $6,256/Mo
      3,980 SF

      Former Restaurant with Drive-Thru

      Restaurant space with drive-thru on high-visibility corner.
      101 N Main Street, Delta, CO 81416
      View Details
    • $2,000/Mo
      2,931 SF

      Turnkey Salon in Historic Downtown

      Fully furnished salon in Delta's historic downtown, ready for operation.
      335 Main Street, Delta, CO 81416-0000
      View Details
    • $2,000/Mo
      3,000 SF

      Downtown Delta Restaurant Opportunity

      Equipped restaurant space for lease or sale in downtown Delta.
      440 Main Street, Delta, CO 81416
      View Details
    • $2,720/Mo
      37,123 SF

      Retail and Shop Space Available

      Retail/display and shop space with truck well and roll-up door.
      1410 Valley View Drive, Delta, CO 81416
      View Details
    • $4,500/Mo
      5,325 SF

      Versatile Commercial Building in Delta

      Multi-purpose building suitable for various businesses in Delta, Colorado.
      555 Meeker Street, Delta, CO 81416
      View Details
    • $2,730/Mo
      37,123 SF

      Delta Office Suite For Rent

      Office suite in Delta's business district, available now.
      300 Stafford Lane, Delta, CO 81416
      View Details
    • $1,350/Mo
      3,500 SF

      Turnkey Commercial Kitchen in Delta

      Equipped commercial kitchen for lease in high-traffic Delta location.
      350 Stafford Lane, Delta, CO 81416
      View Details
    • $2,720/Mo
      37,123 SF

      Retail Space with Highway Frontage

      Corner retail suite with open space and ample parking.
      1410 Valley View Drive, Delta, CO 81416
      View Details
    • $640/Mo

      Office Suite Ready For Occupancy

      ADA accessible office suite with shared amenities for lease.
      300 Stafford Lane, Delta, CO 81416
      View Details
    • $420/Mo

      Office Suite Ready For Occupancy

      ADA accessible office suite with shared amenities in Delta, CO.
      300 Stafford Lane, Delta, CO 81416
      View Details
    • $9,500/Mo
      2,250 SF

      Warehouse Space with High Ceilings

      Warehouse space featuring 16' ceilings and concrete floors.
      805 Columbia St, Delta, CO
      View Details
    • Contact for pricing

      Highway 50 Shopping Center Space

      Retail space in high-traffic shopping center near Highway 50.
      230 N Palmer Street, Delta, CO 81416
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in well-maintained shopping center with highway access.
    Where is this shopping center located?
    The property is located at 230 N Palmer Street Delta, CO.
    What is the lease rate?
    The lease rate is $2,200 /Mo.
    What are key features of this property?
    This property features: High‑traffic location off Highway 50, Delta's main thoroughfare; Strong co‑tenancy with national brands (McDonalds, City Market, Maverick, Sinclair); Well‑maintained and professionally managed by Bray Property Management
    (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
    230 N Palmer Street, Delta, CO 81416
    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!