Multi-Tenant Flex
For Sale
$1,485,000
2940 I-70 Business Loop, Grand Junction, CO 81504
CommercialSale, Grand Junction, CO
Property Size9,000 SF
Lot Size0.60 Acres
Price / SF$165
Days on Market42
Property Features for 2940 I-70 Business Loop
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2
Lot features
Irregular Lot
Directions
From North and I-70 Business, West on I-70B Frontage Road, site on right just beyond 29 3/8 Road.
Subdivision
NE Grand Junction
Standard status
Active
Lot size
0.60 Acres
Taxes and HOA fees
Tax Annual Amount
12017
Amenities
overhead doors
Listing Agency:
BRAY/COMMERCIAL
(970) 241-2909
Listed By:
Brian Bray · License #FA40038007
(970) 986-0446
Added: Jul 15
Changed: Aug 24
Last Checked: Aug 25 at 7:06AM
MLS# 20263448
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.
Investment Insights
Based on property information with market context.
This 9,000 SF flex property occupies 0.60 acres and was built in 1976 with durable masonry construction. The layout includes five office, flex, and shop units, each supported by 10' overhead doors. One 2,800 SF office suite, identified as Unit #1A, is vacant, while the other spaces are occupied by NNN tenants. C-2 zoning supports commercial and light industrial uses as stated in the property information.
The property fronts the I-70B frontage road and provides visibility from I-70B, along with paved on-site parking. Access to 29 Road and North Avenue adds connectivity for the existing multi-tenant configuration. The combination of office, flex, and shop space allows an owner-user to occupy available space while retaining leased units within the property.
The property fronts the I-70B frontage road and provides visibility from I-70B, along with paved on-site parking. Access to 29 Road and North Avenue adds connectivity for the existing multi-tenant configuration. The combination of office, flex, and shop space allows an owner-user to occupy available space while retaining leased units within the property.
Key Highlights
- 9,000 SF multi‑tenant flex property on 0.60 acres
- Five office, flex, and shop units with 10' overhead doors
- C‑2 zoning supports commercial and light industrial uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,901
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,878,020
$1.9M
Cap Rate 7%
$1,341,443
$1.3M
Cap Rate 9%
$1,043,344
$1.0M
Market Conditions
NOI Build-Up for 9,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$156.6K $17.40/SF
− Vacancy
−$12.1K −$1.35/SF
EGI
$144.5K $16.05/SF
− OpEx
−$50.6K −$5.62/SF
NOI
$93.9K $10.43/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,878,020
Cap Rate 7%
$1,341,443
Cap Rate 9%
$1,043,344
Alternative Uses
Best Use
Flex RnD
$1.34M
$1.17M – $1.57M
NOI $93,901 @ 7.0% cap · market cap 6.32%
Second Best
Office B
$1.22M
$1.06M – $1.42M
NOI $85,050 @ 7.0% cap · market cap 5.73%
Theoretical Best
Healthcare Medical
$17.08M
$14.94M – $19.93M
NOI $1,195,560 @ 7.0% cap · market cap 80.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81504, CO
31,150
Population
13,042
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
26.9 sq mi
ZIP Area
1,158
Density / Sq Mi
$67,907
Median Household Income
$40,402
Median Earnings
$1,414
Median Rent
$290,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - C-2-zoned commercial property with masonry construction, paved parking, and a mix of office, flex, and shop spaces.
Where is this flex space located?
The property is located at 2940 I-70 Business Loop Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: 9,000 SF multi‑tenant flex property on 0.60 acres; Five office, flex, and shop units with 10' overhead doors; C‑2 zoning supports commercial and light industrial uses
