Grand Junction Retail
For Sale
Contact for pricing
599 29½ Road, Grand Junction, CO 81504
Retail property in Grand Junction with high visibility and parking.
Property Size2,635 SF
Price / SF$246.68
Days on Market524
Property Features for 599 29½ Road
General Information
Standard status
Active
Size
2,635 SF
Property subtype
Retail
Zoning
MU-1
Listed By:
Justin Gregory · License #100073917
Source:
Crexi
Added: May 13, 2025
Changed: Oct 13
Last Checked: Oct 16 at 8:03AM
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 Justin Gregory
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Investment Insights
Based on property information with market context.
Located at 599 29½ Road in Grand Junction, this property offers a retail opportunity, previously used as a convenience store. The site provides visibility, ample parking, and adaptable square footage. The surrounding area includes residential neighborhoods, schools, and retail establishments. The location offers access to major roadways and proximity to amenities, suitable for businesses seeking a high-traffic, community-oriented setting. The property has a size of 2635 square feet.
Key Highlights
- Excellent visibility and high‑traffic location.
- Ample parking for customers and staff.
- Adaptable square footage suitable for various retail or service businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,722
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,440
$774.4K
Cap Rate 7%
$553,171
$553.2K
Cap Rate 9%
$430,244
$430.2K
Market Conditions
NOI Build-Up for 2,635 SF
Gross rent
$56.0K $21.24/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$51.6K $19.59/SF
− OpEx
−$12.9K −$4.90/SF
NOI
$38.7K $14.70/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,440
Cap Rate 7%
$553,171
Cap Rate 9%
$430,244
Alternative Uses
Best Use
Specialty Retail
$553.2K
$484.0K – $645.4K
NOI $38,722 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$357.1K
$312.4K – $416.6K
NOI $24,994 @ 7.0% cap · market cap 3.85%
Theoretical Best
Healthcare Medical
$5.00M
$4.38M – $5.83M
NOI $350,033 @ 7.0% cap · market cap 53.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81504, CO
31,150
Population
13,042
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
26.9 sq mi
ZIP Area
1,158
Density / Sq Mi
$67,907
Median Household Income
$40,402
Median Earnings
$1,414
Median Rent
$290,300
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property in Grand Junction with high visibility and parking.
Where is this grocery and convenience store located?
The property is located at 599 29½ Road Grand Junction, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Excellent visibility and high‑traffic location.; Ample parking for customers and staff.; Adaptable square footage suitable for various retail or service businesses.
