Flex Space with Overhead
For Sale
$378,863
1048 Independent Avenue Unit B105, Grand Junction, CO 81505
An office-and-warehouse layout includes a private restroom and dedicated office area.
Property Size1,669 SF
Price / SF$227
Days on Market75
Property Features for 1048 Independent Avenue Unit B105
General Information
Standard status
Active
Size
1,669 SF
Property subtype
Building
Additional Details
Property Use
Office/Warehouse
Taxes and HOA fees
Annual Taxes
$80,750
Listing Agency:
The Van Gundy Group
Listed By:
Jennifer Van Gundy
(970) 250-4785
Source:
Thevangundygroup
Added: Aug 20
Changed: Nov 1
Last Checked: Nov 1 at 3:54PM
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 The Van Gundy Group
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.
At 1048 Independent Avenue, Unit B105, this 1,669 SF flex property pairs office space with an open warehouse area. The office portion has one private office with newer carpet and paint, along with a private restroom. A 14' overhead door serves the warehouse portion.
The configuration is identified as suitable for contractors, e-commerce businesses, and distributors.
The configuration is identified as suitable for contractors, e-commerce businesses, and distributors.
Key Highlights
- 1,669 SF office‑and‑warehouse unit
- Open warehouse area with a 14' overhead door
- One private office with newer carpet and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,413
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,260
$348.3K
Cap Rate 7%
$248,757
$248.8K
Cap Rate 9%
$193,478
$193.5K
Market Conditions
NOI Build-Up for 1,669 SF
Gross rent
$29.0K $17.40/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$26.8K $16.05/SF
− OpEx
−$9.4K −$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%
$348,260
Cap Rate 7%
$248,757
Cap Rate 9%
$193,478
Alternative Uses
Best Use
Flex RnD
$248.8K
$217.7K – $290.2K
NOI $17,413 @ 7.0% cap · market cap 4.60%
Second Best
Warehouse
$222.9K
$195.1K – $260.1K
NOI $15,605 @ 7.0% cap · market cap 4.12%
Theoretical Best
Healthcare Medical
$3.17M
$2.77M – $3.70M
NOI $221,710 @ 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
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
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 - An office-and-warehouse layout includes a private restroom and dedicated office area.
Where is this flex space located?
The property is located at 1048 Independent Avenue Unit B105 Grand Junction, CO.
What is the asking price?
The asking price for this property is $378,863.
What are key features of this property?
This property features: 1,669 SF office‑and‑warehouse unit; Open warehouse area with a 14' overhead door; One private office with newer carpet and paint
