Flex Space with Overhead
For Sale
$377,728
1048 Independent Avenue, Grand Junction, CO 81505
CommercialSale, Grand Junction, CO
Property Size1,664 SF
Price / SF$227
Days on Market52
Property Features for 1048 Independent Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CG
Directions
From Hwy 6&50 turn north onto Independent Ave. Building is located next door to Sam's Club. Unit is located in Building A.
Subdivision
Grand Junction City
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
80750
Listing Agency:
RED COMPASS REALTY
(970) 245-7237
Listed By:
Jackson Berry · License #394
(970) 261-9136
Added: Aug 20
Changed: Oct 8
Last Checked: Oct 10 at 5:06AM
MLS# 20264185
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 1,664-square-foot flex space combines finished office areas with an open warehouse. The office portion includes two private offices with newer carpet and a private restroom. Warehouse improvements include a 14-foot overhead door and a utility sink, creating a functional configuration for contractors, e-commerce operations, or distributors.
The property is located at 1048 Independent Avenue in Grand Junction, Colorado. Its combination of enclosed work, administrative, and storage areas supports businesses seeking office and warehouse functions within one unit.
The property is located at 1048 Independent Avenue in Grand Junction, Colorado. Its combination of enclosed work, administrative, and storage areas supports businesses seeking office and warehouse functions within one unit.
Key Highlights
- 1,664 SF office/warehouse unit
- Two private offices with newer carpet
- Open warehouse area with a 14' overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,361
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,220
$347.2K
Cap Rate 7%
$248,014
$248.0K
Cap Rate 9%
$192,900
$192.9K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$29.0K $17.40/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$26.7K $16.05/SF
− OpEx
−$9.3K −$5.62/SF
NOI
$17.4K $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 Rate 5%
$347,220
Cap Rate 7%
$248,014
Cap Rate 9%
$192,900
Alternative Uses
Best Use
Flex RnD
$248.0K
$217.0K – $289.4K
NOI $17,361 @ 7.0% cap · market cap 4.60%
Second Best
Office B
$224.6K
$196.6K – $262.1K
NOI $15,725 @ 7.0% cap · market cap 4.16%
Theoretical Best
Healthcare Medical
$3.16M
$2.76M – $3.68M
NOI $221,046 @ 7.0% cap · market cap 58.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81505, CO
11,791
Population
5,379
Households
2.2
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
72.1 sq mi
ZIP Area
164
Density / Sq Mi
$87,677
Median Household Income
$46,560
Median Earnings
$1,424
Median Rent
$436,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse areas provide a practical commercial work setting.
Where is this flex space located?
The property is located at 1048 Independent Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $377,728.
What are key features of this property?
This property features: 1,664 SF office/warehouse unit; Two private offices with newer carpet; Open warehouse area with a 14' overhead door
