Multi-Unit Light Industrial
507 Fruitvale Court Grand Junction, CO 81504
507 Fruitvale Court, Grand Junction, CO, 81504
$1,150,000
For Sale
$1,150,000
COMMERCIAL - Grand Junction, CO
Property Size4,800 SF
Price / SF$239.58
Days on Market461
Property Features for 507 Fruitvale Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 18461
Listing agency
VENTURE GROUP
(970) 892-2200
Listed by
Cory Carlson · License #100087222
(970) 261-9311
Added: Apr 18, 2025 Updated: Jul 21 at 11:42PM Checked: Jul 22 at 8:06PM
MLS# 20251728
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 for-sale commercial property includes multiple warehouse units within a light industrial park setting. Unit C is 4,800 SF and is leased through 3/31/2026, with renewal options priced at $10/SF plus NN and utilities and 3% annual escalators. Unit A is 4,000 SF and is leased through 12/31/2025, with an option for one additional year that includes a 3% escalator, plus NN and utilities.
The property is located at 507 Fruitvale Court in Grand Junction, Colorado, in a light industrial park with easy access to I-70B.
Parcel numbers included are 2943-093-53-037, 2943-093-53-015, and 2943-093-53-016.
The property is located at 507 Fruitvale Court in Grand Junction, Colorado, in a light industrial park with easy access to I-70B.
Parcel numbers included are 2943-093-53-037, 2943-093-53-015, and 2943-093-53-016.
Key Highlights
- Current 7.6% cap rate offers immediate return on investment.
- Two units (C and A) are currently leased, providing immediate income.
- Unit C (4,800 SF) is leased through 3/31/2026 with renewal options and annual rent escalators.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.9k | $11.64 |
| − Vacancy | −$3.1k | −$0.64 |
| EGI | $52.8k | $11.00 |
| − OpEx | −$7.9k | −$1.65 |
| NOI | $44.9k | $9.35 |
4,800 SF · lease $11.64/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$641.1K
$561.0K – $748.0K
NOI $44,879 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$9.11M
$7.97M – $10.63M
NOI $637,632 @ 7.0% cap · market cap 55.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Real Integrity Paint ...
Auto Repair Shop
K&D Construction, Inc
Construction Company
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FAQs
What type of property is this?
Warehouse - Two leased warehouse units in a light industrial park, with access to I-70 Business and term expirations through 2026.
Where is this warehouse located?
The property is located at 507 Fruitvale Court Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Current 7.6% cap rate offers immediate return on investment.; Two units (C and A) are currently leased, providing immediate income.; Unit C (4,800 SF) is leased through 3/31/2026 with renewal options and annual rent escalators.
