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    360 W Park Drive, Grand Junction, CO 81505

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    For Lease
    $2,500/Mo $0.80 SF/Yr (calc)

    COMMERCIAL - Grand Junction, CO

    Property size:
    37,734 SF
    Added:
    Mar 16, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 7 at 5:06 am

    Property Features for 360 W Park Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Guest, Assigned
    Standard status
    Active
    Size
    37,734 SF

    Building Details

    Year built
    2018

    We can help!

    Listing Contact
    Ray Rickard, Ccim
    Ray Rickard, Ccim

    Listing agent Ray Rickard, Ccim License #EA1044695

    Listing office RE/MAX 4000, INC 120 W PARK DR STE 200, GRAND JUNCTION, CO

    Listing date Mar 16, 2026

    MLS# 20261192

    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

    • Three professional office units available, ranging from 1139 sqft - 1847 sqft.
    • Two brand new, finished office spaces (Units 207 & 205) are ready for immediate occupancy.
    • Competitive lease rates: Unit 1 at $25.00/sqft, Unit 207 at $2500/month, and Unit 205 at $3000/month.
    • Gross leases available for Units 207 & 205, simplifying budgeting (excludes internet).
    • Convenient parking options for customers, employees, and underground reserved parking.
    • High traffic location with easy access, ideal for attracting clients and customers.

    Overview

    This offering includes three office units limited to approved professional office space. Unit 1 is a ground-floor suite offered as shell space, with tenant finishes not included, plus $5.81 NNN. Units 207 and 205 are located on the upper level and are described as brand-new finished office spaces, each available under gross lease terms that exclude internet.

    The property is positioned to serve both staff and visitors, with high traffic counts and easy access. Parking is available for customers and employees, and underground reserved parking is also offered, supporting day-to-day convenience for tenant operations and clients.

    The space mix makes the building practical for professional teams seeking either a customizable shell (Unit 1) or move-in-ready finished offices (Units 207 and 205). Leases are structured with a minimum five-year term and include a personal guarantee, which can appeal to operators looking for stability and predictability in their office location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Greg Green - D.A. ... Financial Advisor Muhammad S. Azzouz, ... Physician Grant Allen Henderson Physician Brian F. Simpson, ... Physician Dr. Omar Mubarak Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.573778
    Latitude
    39.091467

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    FAQs

    What type of property is this?
    Office units - Three professional office units with ample parking options, including underground reserved spaces, available with long-term lease terms.
    Where is this office units located?
    The property is located at 360 W Park Drive Grand Junction, CO.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Three professional office units available, ranging from 1139 sqft - 1847 sqft.; **Two brand new, finished office spaces (Units 207 & 205) are ready for immediate occupancy.**; Competitive lease rates: Unit 1 at $25.00/sqft, Unit 207 at $2500/month, and Unit 205 at $3000/month.
    (970) 250-1128
    We can help!
    Listing Contact
    Ray Rickard, Ccim
    Ray Rickard, Ccim
    Real Estate License ID: EA1044695
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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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