Listing Agency: Venture Group Show Phone

Listed By: Cory Carlson · License #100087222 Show Phone

Source: Moodyscre

Added: May 10, 2025 Changed: Oct 6 Last Checked: Oct 5 at 8:37PM

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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.

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 / Yr

$44,879

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $637,632 @ 7.0% cap · market cap 55.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Real Integrity Paint ... Auto Repair Shop K&D Construction, Inc Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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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