Fenced-Yard Flex
For Sale
$680,000
1133 N 23rd Street, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size3,200 SF
Price / SF$212.50
Days on Market87
Property Features for 1133 N 23rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MU-2
Lot features
Irregular Lot
Directions
Travel North on 23rd street from North ave and it will be the second building on the West side.
Subdivision
Grand Junction City
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
5030
Listing Agency:
COLDWELL BANKER DISTINCTIVE PROPERTIES
(970) 243-0456
Listed By:
John Metcalf · License #FA.100106254
(760) 685-4995
Added: Jul 13
Changed: Sep 11
Last Checked: Oct 7 at 3:06AM
MLS# 20263412
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.
This 3,200-square-foot flex property combines an enclosed building with six overhead doors and a fully fenced yard. The configuration is suited to warehouse, contractor, service, light industrial, and retail operations, with exterior space available for equipment, fleet vehicles, trailers, and outdoor storage.
Located at 1133 N 23rd Street in Grand Junction, the property sits just off North Avenue and offers access to major roads, suppliers, and customers. MU-2 zoning adds flexibility for a range of commercial uses, while the combination of loading access and secured yard space supports businesses requiring both indoor and outdoor functionality.
Located at 1133 N 23rd Street in Grand Junction, the property sits just off North Avenue and offers access to major roads, suppliers, and customers. MU-2 zoning adds flexibility for a range of commercial uses, while the combination of loading access and secured yard space supports businesses requiring both indoor and outdoor functionality.
Key Highlights
- 3,200‑square‑foot flex property with six overhead doors
- Fully fenced yard for equipment, fleet vehicles, trailers, and outdoor storage
- MU‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,387
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,740
$667.7K
Cap Rate 7%
$476,957
$477.0K
Cap Rate 9%
$370,967
$371.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$55.7K $17.40/SF
− Vacancy
−$4.3K −$1.35/SF
EGI
$51.4K $16.05/SF
− OpEx
−$18.0K −$5.62/SF
NOI
$33.4K $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%
$667,740
Cap Rate 7%
$476,957
Cap Rate 9%
$370,967
Alternative Uses
Best Use
Flex RnD
$477.0K
$417.3K – $556.5K
NOI $33,387 @ 7.0% cap · market cap 4.91%
Second Best
Warehouse
$427.4K
$374.0K – $498.7K
NOI $29,919 @ 7.0% cap · market cap 4.40%
Theoretical Best
Healthcare Medical
$6.07M
$5.31M – $7.08M
NOI $425,088 @ 7.0% cap · market cap 62.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Under-served
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
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Flavours Catering By Sodexo — 1455 North Ave, Grand Junction, CO 81501
Frequently Asked Questions
What type of property is this?
Flex space - MU-2 zoning and enclosed outdoor space accommodate warehouse, service, light industrial, contractor, and retail operations.
Where is this flex space located?
The property is located at 1133 N 23rd Street Grand Junction, CO.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 3,200‑square‑foot flex property with six overhead doors; Fully fenced yard for equipment, fleet vehicles, trailers, and outdoor storage; MU‑2 zoning
