Two-Story Flex Space with Storage
For Sale
$1,700,000
1111 S 7th Street, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size7,673 SF
Lot Size0.92 Acres
Price / SF$221.56
Days on Market191
Property Features for 1111 S 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Spec purpose
Lot features
Corner Lot
Directions
drive east on Riverside Parkway to S 7th Street, turn north. Properties are on the NW corner.
Subdivision
Grand Junction City
Standard status
Active
Lot size
0.92 Acres
Taxes and HOA fees
Tax Annual Amount
24356
Amenities
covered solar canopy
Listing Agency:
VENTURE GROUP
(970) 892-2200
Listed By:
Theresa Englbrecht · License #FA100006764
(970) 201-1849
Added: Apr 3
Changed: Oct 5
Last Checked: Oct 10 at 4:06AM
MLS# 20261509
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.
Investment Insights
Based on property information with market context.
The offering combines two adjoining commercial parcels. The primary improvement at 1111 S. 7th Street is a 7,673-square-foot light industrial and office building on 0.48 acres. Built in 1958 and remodeled several times, the two-story structure contains 10 offices and includes a covered solar canopy. The property is identified as a flex-space asset with commercial and light-industrial characteristics.
The adjacent 620 Nolan parcel contributes 0.44 acres of fenced outdoor area that can serve for storage or parking. In total, the two properties comprise 0.92 acres. The site is located on the South 7th Street corridor, just north of Riverside Parkway and the Las Colonias development, and is within a Colorado opportunity zone.
The adjacent 620 Nolan parcel contributes 0.44 acres of fenced outdoor area that can serve for storage or parking. In total, the two properties comprise 0.92 acres. The site is located on the South 7th Street corridor, just north of Riverside Parkway and the Las Colonias development, and is within a Colorado opportunity zone.
Key Highlights
- 7,673‑square‑foot light industrial and office building on 0.48 acres
- Adjacent 0.44‑acre parcel provides fenced storage or parking area
- Two‑story building contains 10 offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,056
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,601,120
$1.6M
Cap Rate 7%
$1,143,657
$1.1M
Cap Rate 9%
$889,511
$889.5K
Market Conditions
NOI Build-Up for 7,673 SF
Gross rent
$133.5K $17.40/SF
− Vacancy
−$10.3K −$1.35/SF
EGI
$123.2K $16.05/SF
− OpEx
−$43.1K −$5.62/SF
NOI
$80.1K $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%
$1,601,120
Cap Rate 7%
$1,143,657
Cap Rate 9%
$889,511
Alternative Uses
Best Use
Flex RnD
$1.14M
$1.00M – $1.33M
NOI $80,056 @ 7.0% cap · market cap 4.71%
Second Best
Office B
$1.04M
$906.4K – $1.21M
NOI $72,510 @ 7.0% cap · market cap 4.27%
Theoretical Best
Healthcare Medical
$14.56M
$12.74M – $16.99M
NOI $1,019,281 @ 7.0% cap · market cap 59.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
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
- Colorado Q — 449 Main St, Grand Junction, CO 81501
Frequently Asked Questions
What type of property is this?
Flex space - Two adjoining parcels combine office space, light-industrial improvements, and a fenced storage or parking area.
Where is this flex space located?
The property is located at 1111 S 7th Street Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 7,673‑square‑foot light industrial and office building on 0.48 acres; Adjacent 0.44‑acre parcel provides fenced storage or parking area; Two‑story building contains 10 offices
