Shop with Office and
1162 Ute Ave Grand Junction, CO 81501
1162 Ute Ave, Grand Junction, CO, 81501
Contact for pricing
For Sale
Contact for pricing
Downtown Grand Junction shop with office, yard, and development potential.
Property Size1,296 SF
Lot Size0.43 Acres
Price / SF$327.93
Days on Market864
Property Features for 1162 Ute Ave
General Information
- Standard status
- Active
- Size
- 1,296 SF
- Lot size
- 0.43 Acres
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1958
Listing agency
Venture Group
(970) 778-0796
Listed by
KYLE SERRANO · License #II 100075682
Source
Crexi
Added: Mar 9, 2024 Updated: Jul 10 at 3:42PM Checked: Jul 21 at 9:21AM
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 Venture Group
Investment Insights
Based on property information with market context.
This property in Downtown Grand Junction features a shop with an office/reception area and a fenced yard. Situated on a 0.43-acre corner lot with signalized intersection, the location offers high visibility and exposure due to high traffic counts and a lighted pole sign. The shop includes two overhead doors and washer/dryer hookups. The front office/reception/showroom area is generously sized and features a glass storefront layout. Ample parking is available. The fenced yard provides storage space in the back. The property, totaling 1296 square feet, is suitable for small business use and offers development potential.
Key Highlights
- Prime downtown location on a signalized corner lot with high traffic counts and excellent visibility.
- Shop with office/reception area featuring a glass storefront layout.
- Fenced yard providing secure storage space.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $17.40 |
| − Vacancy | −$1.7k | −$1.35 |
| EGI | $20.8k | $16.05 |
| − OpEx | −$7.3k | −$5.62 |
| NOI | $13.5k | $10.43 |
1,296 SF · lease $17.40/SF/yr · vacancy 7.75% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$193.2K
$169.0K – $225.4K
NOI $13,522 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$175.6K
$153.7K – $204.9K
NOI $12,293 @ 7.0% cap · market cap 2.89%
Theoretical Best
Healthcare Medical
$2.46M
$2.15M – $2.87M
NOI $172,161 @ 7.0% cap · market cap 40.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Roto-Rooter Plumbing & Drain ...
Plumbing Service
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FAQs
What type of property is this?
Mixed-use property - Downtown Grand Junction shop with office, yard, and development potential.
Where is this mixed-use property located?
The property is located at 1162 Ute Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime downtown location on a signalized corner lot with high traffic counts and excellent visibility.; Shop with office/reception area featuring a glass storefront layout.; Fenced yard providing secure storage space.
