Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    598 N Commercial Drive unit 2 Grand Junction, CO 81505

    View on Map
    Claim this Listing
    For Lease
    $1,850 /Mo

    COMMERCIAL - Grand Junction, CO

    Property size:
    1,644 SF
    Added:
    Aug 21, 2025
    Days on Market:
    233
    Last Refresh:
    Apr 10 at 4:06 am

    Property Features for 598 N Commercial Drive unit 2

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    11
    Parking features
    Guest, On Street, Driveway
    Interior features
    Storage
    Standard status
    Active
    Size
    1,644 SF

    Building Details

    Year built
    2004
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Mindy Dare

    Listing agent Mindy Dare License #FA100094120

    Listing office RED COMPASS REALTY 1910 N 12TH ST #A, GRAND JUNCTION, CO

    Listing date Aug 21, 2025

    MLS# 20254051

    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.

    Overview

    Commercial Condo with Warehouse Space

    This commercial condo unit, totaling 1644 square feet, is suitable for office or retail use. It includes a small warehouse area with an overhead door, along with an extra storage area upstairs, making it suitable for light storage or distribution needs. The property is located in a high-traffic area and offers convenient access to major routes. It features a shared drive and ample parking spaces. Located in Grand Junction, Colorado, this property offers a combination of functionality and location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michelle | Images Salon Consultant Cravens Coffee Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.585142
    Latitude
    39.091289

    Nearby Similar for Lease

    • Contact for pricing

      Grand Junction Professional Office Space

      Professional office spaces available for lease in Grand Junction, CO.
      360 W Park Drive unit: 1, Grand Junction, CO 81505
      View Details
    • Contact for pricing

      Grand Junction Office Space Available

      Multiple office units available for lease in Grand Junction, CO.
      360 W Park Drive unit: 207, Grand Junction, CO 81505
      View Details
    • Contact for pricing

      Grand Junction Office Space Available

      Three professional office units for lease in Grand Junction.
      360 W Park Drive unit: 205, Grand Junction, CO 81505
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space for lease in Grand Junction, Colorado.
      3150 N 12th Street unit: T1000, Grand Junction, CO 81506
      View Details
    • Contact for pricing

      Historic Downtown Grand Junction Office

      Charming 850 SF office space in prime downtown location.
      858 Grand Avenue unit: Suites 2,3,4, Grand Junction, CO 81501
      View Details
    • Contact for pricing

      Grand Junction Medical/Professional Office Space

      Move-in ready medical or professional office space for lease.
      2646 Patterson Road unit: B, Grand Junction, CO 81506
      View Details
    • Contact for pricing

      Grand Junction Flex Space Available

      2,300 SF flex space ideal for small service business.
      826 21 1/2 Road, Grand Junction, CO 81505
      View Details
    • Contact for pricing

      Grand Junction Office/Shop Space

      3,800+ SF flex space with showroom and shop spaces.
      2872 I-70 Business Loop unit: 2A, Grand Junction, CO 81501
      View Details
    • Contact for pricing

      Grand Junction Office/Shop Space

      12,000 SF office/shop space with flexible industrial zoning.
      2872 I-70 Business Loop unit: 1&4, Grand Junction, CO 81501
      View Details
    • Contact for pricing

      Monument Village Retail Opportunity

      Retail and medical spaces available in Monument Village Shopping Center.
      2148 Broadway unit: C-2, Grand Junction, CO 81507
      View Details
    • Contact for pricing

      Prime Corner Location on North Avenue

      Rare corner condo unit in a high-traffic hub.
      2885 North Avenue unit: C, Grand Junction, CO 81501
      View Details
    • Contact for pricing

      Monument Village Retail Space

      Retail and medical spaces available in Monument Village Shopping Center.
      2148 Broadway unit: C-1, Grand Junction, CO 81507
      View Details

    FAQs

    What type of property is this?
    Office units - Office/retail condo with warehouse, ideal for storage/distribution.
    Where is this office units located?
    The property is located at 598 N Commercial Drive unit 2 Grand Junction, CO.
    What is the lease rate?
    The lease rate is $1,850 /Mo.
    What are key features of this property?
    This property features: Ideal for office or retail use.; Small warehouse area with overhead door for storage or distribution.; High‑traffic location with easy access to major routes.
    (970) 640-9194
    We can help!
    Listing Contact
    Mindy Dare
    Real Estate License ID: FA100094120
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!