Two-Tenant Mixed-Use
New
For Sale
$440,000
1317 N 3rd Street, Grand Junction, CO 81501
Separate entrances and on-site parking support the building’s existing two-part configuration.
Property Size1,740 SF
Price / SF$252.87
Days on Market4
Property Features for 1317 N 3rd Street
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Commercial
Zoning
MU-1
Additional Details
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$8,224
Amenities
private yard
mature trees
Building Details
Building Size
1,740 SF
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
VIP Investments
(970) 625-3992
Listed By:
Julie Ann Ebeler
(970) 379-4186
Source:
Frontierhomeandranch
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:43PM
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 VIP Investments
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,740-square-foot mixed-use building is arranged for two separate occupants, with an entrance and parking area for each side. One side has been remodeled as a residential-style space with two bedrooms and one bathroom. The other side was previously used as a dental laboratory. The layout may remain divided or be reconfigured, subject to applicable zoning and approvals. The property also includes a private yard and mature trees.
Located near downtown at 1317 N 3rd Street in Grand Junction, the property offers access to major roads throughout town. It was built in 1960 and is zoned MU-1.
Located near downtown at 1317 N 3rd Street in Grand Junction, the property offers access to major roads throughout town. It was built in 1960 and is zoned MU-1.
Key Highlights
- 1,740‑square‑foot mixed‑use building configured for two separate occupants
- One side remodeled as a two‑bedroom, one‑bath residential‑style space
- Separate entrances and dedicated parking for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,443
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,860
$328.9K
Cap Rate 7%
$234,900
$234.9K
Cap Rate 9%
$182,700
$182.7K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$31.3K $18.00/SF
− Vacancy
−$9.4K −$5.40/SF
EGI
$21.9K $12.60/SF
− OpEx
−$5.5K −$3.15/SF
NOI
$16.4K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,860
Cap Rate 7%
$234,900
Cap Rate 9%
$182,700
Alternative Uses
Best Use
Healthcare Medical
$3.30M
$2.89M – $3.85M
NOI $231,142 @ 7.0% cap · market cap 52.53%
Second Best
Office B
$234.9K
$205.5K – $274.1K
NOI $16,443 @ 7.0% cap · market cap 3.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
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 Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate entrances and on-site parking support the building’s existing two-part configuration.
Where is this mixed-use property located?
The property is located at 1317 N 3rd Street Grand Junction, CO.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1,740‑square‑foot mixed‑use building configured for two separate occupants; One side remodeled as a two‑bedroom, one‑bath residential‑style space; Separate entrances and dedicated parking for each side
