Remodeled Flex Space with
For Sale
$1,520,000
1027 S 7th Street, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size7,890 SF
Lot Size0.60 Acres
Price / SF$192.65
Days on Market141
Property Features for 1027 S 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Spec purpose
Lot features
Corner Lot
Directions
drive east on Riverside Parkway to S 7th Street, turn north. Properties are on the NW corner.
Subdivision
Grand Junction City
Standard status
Active
Lot size
0.60 Acres
Taxes and HOA fees
Tax Annual Amount
10132
Listing Agency:
VENTURE GROUP
(970) 892-2200
Listed By:
Theresa Englbrecht · License #FA100006764
(970) 201-1849
Added: Apr 3
Changed: Aug 20
Last Checked: Aug 21 at 1:06PM
MLS# 20261510
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.
Located at 1027 S. 7th Street, this leased flex property includes 7,890 square feet of mostly shop and warehouse space. The front 2905 SF is occupied by Elevate Jujitsu in a freshly remodeled area, while another 5000 square feet provides additional expansion space. The building’s contemporary layout can support open display, showroom, and operational functions, with potential for a small garage bay.
The property includes two parcels totaling 0.60 acres and is positioned just north of Riverside Parkway and the Las Colonias development. Solar panels are installed, and the property lies within the Colorado Opportunity Zone. The site is part of the South 7th Street Corridor, where commercial and industrial activity includes a martial arts studio, restaurant, manufacturer, civil engineering office, and gym.
The property includes two parcels totaling 0.60 acres and is positioned just north of Riverside Parkway and the Las Colonias development. Solar panels are installed, and the property lies within the Colorado Opportunity Zone. The site is part of the South 7th Street Corridor, where commercial and industrial activity includes a martial arts studio, restaurant, manufacturer, civil engineering office, and gym.
Key Highlights
- 7,890 square feet of mostly shop and warehouse space
- Front 2905 SF occupied by Elevate Jujitsu in a freshly remodeled area
- Additional 5000 square feet available for expansion
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
$82,320
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
5.42%
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%
$1,646,400
$1.6M
Cap Rate 7%
$1,176,000
$1.2M
Cap Rate 9%
$914,667
$914.7K
Market Conditions
NOI Build-Up for 7,890 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
$137.3K $17.40/SF
− Vacancy
−$10.6K −$1.35/SF
EGI
$126.6K $16.05/SF
− OpEx
−$44.3K −$5.62/SF
NOI
$82.3K $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%
$1,646,400
Cap Rate 7%
$1,176,000
Cap Rate 9%
$914,667
Alternative Uses
Best Use
Flex RnD
$1.18M
$1.03M – $1.37M
NOI $82,320 @ 7.0% cap · market cap 5.42%
Second Best
Warehouse
$1.05M
$922.1K – $1.23M
NOI $73,770 @ 7.0% cap · market cap 4.85%
Theoretical Best
Healthcare Medical
$14.97M
$13.10M – $17.47M
NOI $1,048,108 @ 7.0% cap · market cap 68.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Leased commercial property combines renovated gym space with shop and warehouse areas for flexible business operations.
Where is this flex space located?
The property is located at 1027 S 7th Street Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,520,000.
What are key features of this property?
This property features: 7,890 square feet of mostly shop and warehouse space; Front 2905 SF occupied by Elevate Jujitsu in a freshly remodeled area; Additional 5000 square feet available for expansion
