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    Retail or Office Sublet Suite Title is generated by Realmo AI

    2695 Patterson Road, Grand Junction, CO 81506

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    For Lease
    $1,700/Mo $2 SF/Yr (calc)

    COMMERCIAL - Grand Junction, CO

    Property size:
    9,418 SF
    Added:
    Apr 6, 2026
    Days on Market:
    60
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 2695 Patterson Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    9,418 SF

    Building Details

    Year built
    1983

    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 6, 2026

    MLS# 20261557

    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 in the busy Village Square Shopping Center, at Patterson Road and 12th Street.
    • Dedicated access within a shared space, sublet opportunity.
    • Excellent visibility and convenient access.
    • Ideal for office or service‑oriented businesses.
    • Situated next to Ale House and alongside Monty's Liquor.
    • Negotiable lease terms for minor build‑out costs (demising walls).

    Overview

    This sublet space is located within the Village Square Shopping Center and includes dedicated access. The suite is positioned in a shared environment alongside Monty’s Liquor and is described as suitable for office or service-oriented users, with a minor build-out planned to add demising walls. Lease terms include a negotiable cost responsibility for the required build-out.

    The space benefits from a high-visibility Patterson Road and 12th Street setting at 2695 Patterson Road in Grand Junction, CO, and is noted as being next to Ale House. The shopping center location and convenient access support a wide range of business operations that need customer-facing presence.

    The space is a practical option for professional offices and many service concepts, but it is subject to use restrictions. The listing states restrictions include no salon, barber, Thai or Asian restaurant, liquor store, tax preparation, shipping/mail services, staffing services, bakery, or esthetician. Prospective tenants should review the permitted uses before moving forward, especially for businesses that fall near the restricted categories.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cogwheel Marketing Advertising Agency Supreme Lending Loan Service Elwood Staffing Employment Agency Eden Specialty Food Shop CBD American Shaman ... (Bike/Boat/Book/etc) Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.553772
    Latitude
    39.091264

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    FAQs

    What type of property is this?
    Retail space - Suite in Village Square Shopping Center with dedicated access and strong visibility, suited for office or service use with minor build-out.
    Where is this retail space located?
    The property is located at 2695 Patterson Road Grand Junction, CO.
    What is the lease rate?
    The lease rate is $1,700 /Mo.
    What are key features of this property?
    This property features: Prime location in the busy Village Square Shopping Center, at Patterson Road and 12th Street.; Dedicated access within a shared space, sublet opportunity.; Excellent visibility and convenient access.
    (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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    2695 Patterson Road, Grand Junction, CO 81506
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