Second-Floor Office
For Sale
$557,512
1048 Independent Avenue #B205, Grand Junction, CO 81505
The walk-up suite combines private offices, a conference room, a break area, and shared restrooms in a practical workplace layout.
Property Size2,456 SF
Price / SF$227
Days on Market56
Property Features for 1048 Independent Avenue #B205
General Information
Standard status
Active
Size
2,456 SF
Elevators
No
Property subtype
Commercial
Additional Details
Floor
2
Amenities
private offices
conference room
break room
common restrooms
Listing Agency:
RED COMPASS REALTY
Listed By:
Jackson Berry · License #394
(970) 261-9136
Source:
Buygrandjunctionco
Added: Aug 22
Changed: Oct 14
Last Checked: Oct 16 at 5:53AM
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
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Investment Insights
Based on property information with market context.
Suite B205 comprises 2,456 square feet on the second floor of a walk-up office property. The interior includes multiple private offices, a conference room, a dedicated break room, and access to common restrooms.
The office unit is located at 1048 Independent Avenue in Grand Junction, Colorado. Its combination of enclosed offices and shared meeting and support areas provides a defined setting for professional operations.
The office unit is located at 1048 Independent Avenue in Grand Junction, Colorado. Its combination of enclosed offices and shared meeting and support areas provides a defined setting for professional operations.
Key Highlights
- 2,456‑square‑foot second‑floor office suite
- Multiple private offices support dedicated work areas
- Conference room included within the suite
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - The walk-up suite combines private offices, a conference room, a break area, and shared restrooms in a practical workplace layout.
Where is this office units located?
The property is located at 1048 Independent Avenue #B205 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 support dedicated work areas; Conference room included within the suite
