Two-Building Auto Shop
For Sale
$425,000
151 2nd Street, Clifton, CO 81520
COMMERCIAL - Clifton, CO
Property Size4,995 SF
Price / SF$85.09
Days on Market175
Property Features for 151 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2
Directions
I-70 Business Loop, turn left on F Road .2 miles after round about, turn right onto 2nd St, end of the street on the right.
Subdivision
Clifton
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
7591
Amenities
paint booth
Listing Agency:
COLDWELL BANKER COMMERCIAL PRIME PROPERTIES
(970) 243-7375
Listed By:
Sheri Heath · License #FA100040758
(970) 314-3736
Added: Feb 25
Changed: Aug 18
Last Checked: Aug 19 at 7:06AM
MLS# 20260839
Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Clifton auto shop property includes two separate shop buildings totaling 4,995 square feet. One building contains four service bays, while the other includes a paint booth and is used for storage. The site also features a large fenced-in yard that extends the property’s functional outdoor area.
Located at 151 2nd Street in Clifton, Colorado, the property combines enclosed shop space with dedicated storage and secured yard space. The two-building configuration supports distinct service, storage, and vehicle-related functions within one commercial property.
Located at 151 2nd Street in Clifton, Colorado, the property combines enclosed shop space with dedicated storage and secured yard space. The two-building configuration supports distinct service, storage, and vehicle-related functions within one commercial property.
Key Highlights
- Two shop buildings totaling 4,995 square feet
- One shop includes 4 bays
- Paint booth located in the second shop building
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
$38,461
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
9.05%
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%
$769,220
$769.2K
Cap Rate 7%
$549,443
$549.4K
Cap Rate 9%
$427,344
$427.3K
Market Conditions
NOI Build-Up for 4,995 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
$58.1K $11.64/SF
− Vacancy
−$3.2K −$0.64/SF
EGI
$54.9K $11.00/SF
− OpEx
−$16.5K −$3.30/SF
NOI
$38.5K $7.70/SF
Area
Mesa County, CO
Vacancy
5.50%
Lease Rate
$11.64 /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%
$769,220
Cap Rate 7%
$549,443
Cap Rate 9%
$427,344
Alternative Uses
Best Use
Flex RnD
$744.5K
$651.4K – $868.6K
NOI $52,115 @ 7.0% cap · market cap 12.26%
Second Best
Retail
$676.8K
$592.2K – $789.7K
NOI $47,379 @ 7.0% cap · market cap 11.15%
Theoretical Best
Healthcare Medical
$9.48M
$8.29M – $11.06M
NOI $663,536 @ 7.0% cap · market cap 156.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81520, CO
14,042
Population
5,411
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
81%
High-School Grad
20.5 sq mi
ZIP Area
685
Density / Sq Mi
$50,769
Median Household Income
$34,375
Median Earnings
$1,013
Median Rent
$228,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Scott's Grand Junction Auto — 3206 E Rd, Clifton, CO 81520
- K C Mechanics Inc — 539 32 Rd, Clifton, CO 81520
- Express Care — 504 32 rd, clifton, co 81520
- Quality Auto Glass — 3213 1/2 Bunting Ave, Clifton, CO 81520
- Scott's Clifton Automotive & Repair — 3206 e rd, clifton, co 81520
Frequently Asked Questions
What type of property is this?
Auto shop - Two shop buildings combine service bays, a paint booth, storage, and a fenced outdoor yard.
Where is this auto shop located?
The property is located at 151 2nd Street Clifton, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two shop buildings totaling 4,995 square feet; One shop includes 4 bays; Paint booth located in the second shop building
