Flex Space with Overhead
For Sale
$377,728
1048 Independent Avenue #A105, Grand Junction, CO 81505
Office and warehouse areas support contractor, e-commerce, and distribution operations.
Property Size1,664 SF
Price / SF$227
Days on Market54
Property Features for 1048 Independent Avenue #A105
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Commercial
Amenities
private restroom
14' overhead door
utility sink
Listing Agency:
RED COMPASS REALTY
Listed By:
Jackson Berry · License #394
(970) 261-9136
Source:
Buygrandjunctionco
Added: Aug 22
Changed: Oct 13
Last Checked: Oct 12 at 5:24PM
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 RED COMPASS REALTY
Investment Insights
Based on property information with market context.
This 1,664 SF flex unit combines finished office space with an open warehouse area. The office component includes two private offices with newer carpet and one private restroom. Warehouse improvements include a 14' overhead door and utility sink, providing practical functionality for a range of commercial operations.
Located at 1048 Independent Avenue #A105 in Grand Junction, Colorado, the property is configured for users seeking a combined office and warehouse setting. The existing layout offers separated administrative space alongside clear open-area utility for storage, handling, or distribution activities.
Located at 1048 Independent Avenue #A105 in Grand Junction, Colorado, the property is configured for users seeking a combined office and warehouse setting. The existing layout offers separated administrative space alongside clear open-area utility for storage, handling, or distribution activities.
Key Highlights
- 1,664 SF flex space with office and warehouse areas
- Two private offices with newer carpet
- One private restroom
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chef Michaels Signature Blends — 2536 Rimrock Ave, Grand Junction, CO 81505
- USCA Chef Association — 2536 Rimrock Ave, Grand Junction, CO 81505
- Eglantine Catering — 104 Orchard Ave, Grand Junction, CO 81501
- Practical Smokers BBQ, Catering, and more... — 596 N Commercial Dr, Grand Junction, CO 81505
- Willy's Wild Carvings — 2400 Consistory Ct, Grand Junction, CO 81501
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas support contractor, e-commerce, and distribution operations.
Where is this flex space located?
The property is located at 1048 Independent Avenue #A105 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 flex space with office and warehouse areas; Two private offices with newer carpet; One private restroom
