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    3198 Patterson F Rd Grand Junction, CO 81504

    For Sale
    $725,000

    COMMERCIAL - Grand Junction, CO

    Days on Market:
    84
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 3198 Patterson F Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    GRAYSTONE GROUP (970) 812-4051

    Listing agent Lori Wood (970) 234-5674

    Listing date Sep 13, 2025

    Overview

    Grand Junction Professional Office Complex

    This professional office complex is situated on a busy corner of 32 & Patterson Roads in Grand Junction. The property features 14 suites, with 11 currently occupied. The current tenants are mostly medical, health, and beauty related. Restrooms are available on both levels and within some suites. Several newer A/C and Evap units are installed in the building. A resident food truck operates in the parking lot. The west parking lot is subject to an easement. The property is in good condition but could benefit from updating. Two suites are currently used by the owner for storage and for the in-house caretaker.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Grand Valley Veterinary Emergency Center, A Thrive Pet Healthcare Partner, Mountain West Equine Veterinary Services, Dr. Michael R. Hadley, DO, Clifton Animal Hospital, Veterinarian

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.4603325
    Latitude
    39.09215912

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    FAQs

    What type of property is this?
    Medical office - Professional office complex on busy corner with high occupancy.
    Where is this medical office located?
    The property is located at 3198 Patterson F Rd Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - High CAP rate (over 7% with current occupancy, 10% with full occupancy); - Located on a busy corner of 32 & Patterson Roads; - 11 out of 12 suites are currently occupied
    (970) 234-5674
    Request Owner's contact information
    3198 Patterson F Rd Grand Junction, CO 81504
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    Grand Junction, CO 81504
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    Realmo Value Estimation

    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.

    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.

    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
    3198 Patterson F Rd Grand Junction, CO 81504
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