Second-Floor Office
For Sale
$557,512
1048 Independent Avenue, Grand Junction, CO 81505
CommercialSale, Grand Junction, CO
Property Size2,456 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 upstairs in Building B (the building that faces the tennis bubble).
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 8:06AM
MLS# 20264189
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 2,456-square-foot office suite occupies the second floor of a walk-up building at 1048 Independent Avenue in Grand Junction, Colorado. The layout includes multiple private offices, a spacious conference room, and a dedicated break room, providing distinct areas for individual work, meetings, and staff use. Common restrooms serve the suite.
The property is located in Mesa County within the 81505 ZIP code. Its office-oriented configuration offers a combination of enclosed rooms and shared support areas within a single commercial unit.
The property is located in Mesa County within the 81505 ZIP code. Its office-oriented configuration offers a combination of enclosed rooms and shared support areas within a single commercial unit.
Key Highlights
- 2,456‑square‑foot second‑floor office suite
- Multiple private offices within the unit
- Spacious conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,209
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,180
$464.2K
Cap Rate 7%
$331,557
$331.6K
Cap Rate 9%
$257,878
$257.9K
Market Conditions
NOI Build-Up for 2,456 SF
Gross rent
$44.2K $18.00/SF
− Vacancy
−$13.3K −$5.40/SF
EGI
$30.9K $12.60/SF
− OpEx
−$7.7K −$3.15/SF
NOI
$23.2K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,180
Cap Rate 7%
$331,557
Cap Rate 9%
$257,878
Alternative Uses
Best Use
Office B
$331.6K
$290.1K – $386.8K
NOI $23,209 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.66M
$4.08M – $5.44M
NOI $326,255 @ 7.0% cap · market cap 58.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
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?
Office units - Multi-room configuration includes private offices, conference space, and a dedicated break area.
Where is this office units located?
The property is located at 1048 Independent Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $557,512.
What are key features of this property?
This property features: 2,456‑square‑foot second‑floor office suite; Multiple private offices within the unit; Spacious conference room
