Mixed-Use Property with Warehouse
For Sale
$1,520,000
1027 S 7th Street Unit 1 & 2, Grand Junction, CO 81501
A leased building combines a martial arts tenant, substantial shop space, solar panels, and room for expansion.
Property Size7,890 SF
Lot Size0.60 Acres
Price / SF$192.65
Days on Market215
Property Features for 1027 S 7th Street Unit 1 & 2
General Information
Standard status
Active
Size
7,890 SF
Lot size
0.60 Acres
Property subtype
Building
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Opportunity Zone
Yes
Property Use
Light Industrial
Taxes and HOA fees
Annual Taxes
$10,132
Amenities
solar panels
Building Details
Building Size
7,890 SF
Tenancy
Single
Listing Agency:
VENTURE GROUP
Listed By:
THERESA ENGLBRECHT · License #FA100006764
(970) 201-1849
Source:
Thevangundygroup
Added: Apr 3
Changed: Nov 2
Last Checked: Nov 1 at 3:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VENTURE GROUP
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,890-square-foot mixed-use property occupies two parcels totaling 0.60 acres. Most of the building is shop and warehouse floor area, with a martial arts studio leasing 2,905 square feet at the front. A further 5,000 square feet is identified as expansion area. Solar panels are installed, and the property is in a Colorado Opportunity Zone.
The site is on South 7th Street, north of Riverside Parkway and the Las Colonias development in Grand Junction. Nearby businesses include a restaurant, manufacturer, civil engineering office, gym, and martial arts studio. The city has plans for infrastructure improvements along the corridor.
The site is on South 7th Street, north of Riverside Parkway and the Las Colonias development in Grand Junction. Nearby businesses include a restaurant, manufacturer, civil engineering office, gym, and martial arts studio. The city has plans for infrastructure improvements along the corridor.
Key Highlights
- 7,890 square feet of building area, primarily shop and warehouse space
- Martial arts tenant occupies 2,905 square feet at the front
- 5,000 square feet identified as expansion area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,770
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,400
$1.5M
Cap Rate 7%
$1,053,857
$1.1M
Cap Rate 9%
$819,667
$819.7K
Market Conditions
NOI Build-Up for 7,890 SF
Gross rent
$91.8K $11.64/SF
− Vacancy
−$5.1K −$0.64/SF
EGI
$86.8K $11.00/SF
− OpEx
−$13.0K −$1.65/SF
NOI
$73.8K $9.35/SF
Area
Mesa County, CO
Vacancy
5.50%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,400
Cap Rate 7%
$1,053,857
Cap Rate 9%
$819,667
Alternative Uses
Best Use
Warehouse
$1.05M
$922.1K – $1.23M
NOI $73,770 @ 7.0% cap · market cap 4.85%
Second Best
Mixed Use
$506.9K
$443.5K – $591.4K
NOI $35,483 @ 7.0% cap · market cap 2.33%
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased building combines a martial arts tenant, substantial shop space, solar panels, and room for expansion.
Where is this mixed-use property located?
The property is located at 1027 S 7th Street Unit 1 & 2 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 building area, primarily shop and warehouse space; Martial arts tenant occupies 2,905 square feet at the front; 5,000 square feet identified as expansion area
