Listing Agency: RED COMPASS REALTY Show Phone

Listed By: Jackson Berry · License #394 Show Phone

Added: Oct 28 Changed: Oct 30 Last Checked: Oct 30 at 11:06PM

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MLS# 20265283

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.

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Investment Insights

Based on property information with market context.

This 1,641-square-foot flex space combines an open-plan office with a warehouse area and one private restroom. The warehouse floor has been resurfaced, and a 14-foot overhead door provides access to the space.

Key Highlights

• 1,641 SF flex space with office and warehouse areas
• Open‑plan office layout and one private restroom
• Warehouse floor recently resurfaced

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,121

Cap Rate

4.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$342,420 $342.4K

Cap Rate 7%

$244,586 $244.6K

Cap Rate 9%

$190,233 $190.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,641 SF

Gross rent

$28.6K $17.40/SF

− Vacancy

−$2.2K −$1.35/SF

EGI

$26.3K $16.05/SF

− OpEx

−$9.2K −$5.62/SF

NOI

$17.1K $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%

$342,420

Cap Rate 7%

$244,586

Cap Rate 9%

$190,233

Alternative Uses

Best Use

Flex RnD

$244.6K

$214.0K – $285.4K (±1% cap)

NOI $17,121 @ 7.0% cap · market cap 4.60%

Second Best

Warehouse

$219.2K

$191.8K – $255.7K (±1% cap)

NOI $15,343 @ 7.0% cap · market cap 4.12%

Theoretical Best

Healthcare Medical

$3.11M

$2.72M – $3.63M (±1% cap)

NOI $217,990 @ 7.0% cap · market cap 58.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Ambassador Blind N' ... (Bike/Boat/Book/etc) Store INDEPENDENCE PLAZA Business Service Center See You Laser Spa & Massage Center Humboldt, Inc. Corporate Office Landmark Staffing Employment Agency

Suggested Use

Top Pick Parking Lot & Garage Hotel & Motel Grocery & Convenience Store Food Market (Bike/Boat/Book/etc) Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

• Chef Michaels Signature Blends — 2536 Rimrock Ave, Grand Junction, CO 81505
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Frequently Asked Questions

What type of property is this?

Flex space - An open-plan office, private restroom, and warehouse area provide distinct work and storage spaces.

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 $372,507.

What are key features of this property?

This property features: 1,641 SF flex space with office and warehouse areas; Open‑plan office layout and one private restroom; Warehouse floor recently resurfaced