Downtown Standalone Retail
For Sale
Contact for pricing
344 Main St, Grand Junction, CO 81501
Completely reconstructed standalone space with high-end finishes and new HVAC installed in fall 2023.
Property Size3,113 SF
Price / SF$317.70
Days on Market499
Property Features for 344 Main St
General Information
Standard status
Active
Size
3,113 SF
Property subtype
RETAIL
Listing Agency:
Venture Group
(970) 892-2200
Listed By:
Cory Carlson · License #100087222
(970) 261-9311
Source:
Moodyscre
Added: May 9, 2025
Changed: Sep 2
Last Checked: Sep 18 at 12:01PM
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 standalone retail, professional, or service space was completely reconstructed from the ground up and finished with high-end finishes. The building includes 3,113 square feet and is presented with a completed build-out ready for occupancy.
Located in a desirable downtown area on Main Street, the property is positioned for high visibility and traffic counts.
The space is offered for sale as a standalone commercial building featuring modern improvements, including HVAC installed in fall 2023.
Located in a desirable downtown area on Main Street, the property is positioned for high visibility and traffic counts.
The space is offered for sale as a standalone commercial building featuring modern improvements, including HVAC installed in fall 2023.
Key Highlights
- Completely reconstructed standalone space with high‑end finishes
- 3,113 SF building area
- New HVAC installed in fall 2023
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
$29,528
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
2.99%
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%
$590,560
$590.6K
Cap Rate 7%
$421,829
$421.8K
Cap Rate 9%
$328,089
$328.1K
Market Conditions
NOI Build-Up for 3,113 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
$44.8K $14.40/SF
− Vacancy
−$2.6K −$0.85/SF
EGI
$42.2K $13.55/SF
− OpEx
−$12.7K −$4.07/SF
NOI
$29.5K $9.49/SF
Area
Mesa County, CO
Vacancy
5.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$590,560
Cap Rate 7%
$421,829
Cap Rate 9%
$328,089
Alternative Uses
Best Use
Retail
$421.8K
$369.1K – $492.1K
NOI $29,528 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$5.91M
$5.17M – $6.89M
NOI $413,531 @ 7.0% cap · market cap 41.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,372
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Garvey's Gardens, LLC — 137 N 5th St, Grand Junction, CO 81501
- Amber Floral — 516 Main St, Grand Junction, CO 81501
Frequently Asked Questions
What type of property is this?
Storefront property - Completely reconstructed standalone space with high-end finishes and new HVAC installed in fall 2023.
Where is this storefront property located?
The property is located at 344 Main St Grand Junction, CO.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Completely reconstructed standalone space with high‑end finishes; 3,113 SF building area; New HVAC installed in fall 2023
