Office Unit with Private
For Sale
$150,955
1048 Independent Avenue Unit A206, Grand Junction, CO 81505
A second-floor suite combines an open work area with a separate enclosed office.
Property Size665 SF
Price / SF$227
Days on Market75
Property Features for 1048 Independent Avenue Unit A206
General Information
Standard status
Active
Size
665 SF
Property subtype
Building
Additional Details
Floor
2
Taxes and HOA fees
Annual Taxes
$80,750
Listing Agency:
RED COMPASS REALTY
Listed By:
JACKSON BERRY · License #394
(970) 261-9136
Source:
Thevangundygroup
Added: Aug 20
Changed: Nov 2
Last Checked: Nov 1 at 3:04PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 665-square-foot office unit is arranged with an open main area and a fully enclosed private office. Large windows bring natural light into the suite, which is accessed by stairs on the second floor.
Located at 1048 Independent Avenue in Grand Junction, Colorado, the property is an office condominium.
Located at 1048 Independent Avenue in Grand Junction, Colorado, the property is an office condominium.
Key Highlights
- 665‑square‑foot office unit
- Open main workspace and enclosed private office
- Second‑floor walk‑up access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,284
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$125,680
$125.7K
Cap Rate 7%
$89,771
$89.8K
Cap Rate 9%
$69,822
$69.8K
Market Conditions
NOI Build-Up for 665 SF
Gross rent
$12.0K $18.00/SF
− Vacancy
−$3.6K −$5.40/SF
EGI
$8.4K $12.60/SF
− OpEx
−$2.1K −$3.15/SF
NOI
$6.3K $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%
$125,680
Cap Rate 7%
$89,771
Cap Rate 9%
$69,822
Alternative Uses
Best Use
Office B
$89.8K
$78.6K – $104.7K
NOI $6,284 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,339 @ 7.0% cap · market cap 58.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor suite combines an open work area with a separate enclosed office.
Where is this office unit located?
The property is located at 1048 Independent Avenue Unit A206 Grand Junction, CO.
What is the asking price?
The asking price for this property is $150,955.
What are key features of this property?
This property features: 665‑square‑foot office unit; Open main workspace and enclosed private office; Second‑floor walk‑up access
