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    The Largest CRE Database in the US with Over 1 Million Listings

    2755 North Ave, Unit 221 Grand Junction, CO 81501

    Sponsored
    For Lease
    $495 /Mo ($0.62 SF/Yr)

    COMMERCIAL - Grand Junction, CO

    Property size:
    9,510 SF
    Days on Market:
    110
    Last Refresh:
    Jan 23 at 9:06 pm

    Property Features for 2755 North Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Parking
    40
    Size
    9,510 SF

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Katie Davis
    Katie Davis

    BRAY REAL ESTATE (970) 242-3647

    Listing agent Katie Davis (970) 778-5083

    Listing date Oct 6, 2025

    MLS# 20253689

    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

    Class A Executive Office Space

    This Class A executive office space is located in The Vault building. Suite 221 offers 200 square feet of individual office space with expansive windows providing natural light, and individual room thermostats. The suite features private, lockable keyless doors. The full gross lease rate covers NNN, CIC, and utilities. The Vault provides professional receptionist services, shared space cleaning, a private fiber network, individual security, and 24/7 access with comprehensive camera monitoring. Amenities include multiple waiting areas, well-equipped conference rooms, a dedicated break room, coworking space, men's and women's restrooms with showers on both levels, elevator access, ample shared parking, and prominent signage along North Avenue. The property is suitable for serviced offices, general office use, and coworking. The building contains 9,510 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cassidy Crowell - REALTOR® ... Real Estate Agent Fidelis Consultants Insurance Agency Alanna Thompson, Realtor, ... Real Estate Agent All You Need ... Janitorial Service Michael Harris - Major ... Mortgage Lender

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.534138
    Latitude
    39.077093

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    FAQs

    What type of property is this?
    Serviced office - All-inclusive executive office space at The Vault building.
    Where is this serviced office located?
    The property is located at 2755 North Ave, Unit 221 Grand Junction, CO.
    What is the lease rate?
    The lease rate is $0.62 SF/Yr.
    What are key features of this property?
    This property features: - All-inclusive lease covering NNN, CIC, and utilities for simplified budgeting.; - Class A executive office space in a meticulously designed building.; - Professional receptionist services and shared space cleaning included.
    (970) 241-2909
    Request Owner's contact information
    2755 North Ave, Unit 221 Grand Junction, CO 81501
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    Grand Junction, CO 81501
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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
    2755 North Ave, Unit 221 Grand Junction, CO 81501
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    We can help!
    Listing Contact
    Katie Davis
    Katie Davis
    Real Estate License ID: CO FA.100094662
    (970) 241-2909
    Learn more
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