Light Industrial Warehouse
For Sale
Contact for pricing
507 Fruitvale Ct, Grand Junction, CO 81504
Leased warehouse units in a light industrial park with access to I-70B, including renewals and annual escalators.
Property Size4,800 SF
Price / SF$239.58
Days on Market470
Property Features for 507 Fruitvale Ct
General Information
Standard status
Active
Size
4,800 SF
Property subtype
INDUSTRIAL
Occupancy
100%
Additional Details
Cap Rate
7.6%
Highway Access
Yes
Listing Agency:
Venture Group
(970) 261-9311
Listed By:
Cory Carlson · License #100087222
(970) 261-9311
Source:
Moodyscre
Added: May 10, 2025
Changed: Aug 19
Last Checked: Aug 21 at 3:17PM
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 is a commercial warehouse investment with two leased units. Unit C consists of 4,800 SF and is leased through 3/31/2026, with renewal options at $10/SF plus NN and Utilities and 3% annual escalators. Unit A consists of 4,000 SF and is leased through 12/31/2025, with a renewal option for one additional year and a 3% escalator, at $3,329/month plus NN and Utilities.
The property is located in a light industrial park and offers easy access to I-70B.
Parcel information includes 2943-093-53-037, 2943-093-53-015, and 2943-093-53-016.
The property is located in a light industrial park and offers easy access to I-70B.
Parcel information includes 2943-093-53-037, 2943-093-53-015, and 2943-093-53-016.
Key Highlights
- Current 7.6% cap rate on leased commercial warehouse units
- Unit C: 4,800 SF leased through 3/31/2026 with renewal options at $10/SF plus NN & utilities and 3% annual escalators
- Unit A: 4,000 SF leased through 12/31/2025 with 1‑year renewal option and 3% escalator for $3,329/month plus NN & utilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,879
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$897,580
$897.6K
Cap Rate 7%
$641,129
$641.1K
Cap Rate 9%
$498,656
$498.7K
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$55.9K $11.64/SF
− Vacancy
−$3.1K −$0.64/SF
EGI
$52.8K $11.00/SF
− OpEx
−$7.9K −$1.65/SF
NOI
$44.9K $9.35/SF
Area
Mesa County, CO
Vacancy
5.50%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$897,580
Cap Rate 7%
$641,129
Cap Rate 9%
$498,656
Alternative Uses
Best Use
Warehouse
$641.1K
$561.0K – $748.0K
NOI $44,879 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$9.11M
$7.97M – $10.63M
NOI $637,632 @ 7.0% cap · market cap 55.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Leased warehouse units in a light industrial park with access to I-70B, including renewals and annual escalators.
Where is this warehouse located?
The property is located at 507 Fruitvale Ct Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Current 7.6% cap rate on leased commercial warehouse units; Unit C: 4,800 SF leased through 3/31/2026 with renewal options at $10/SF plus NN & utilities and 3% annual escalators; Unit A: 4,000 SF leased through 12/31/2025 with 1‑year renewal option and 3% escalator for $3,329/month plus NN & utilities
