Six-Office Commercial
For Sale
$450,000
15739 Pearl Street, Collbran, CO 81624
COMMERCIAL - Collbran, CO
Property Size1,440 SF
Lot Size0.39 Acres
Price / SF$312.50
Days on Market198
Property Features for 15739 Pearl Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Lot features
Corner Lot, Landscaped
Directions
From Grand Junction, take I-70 East to exit 49, go 12 miles then turn left on Hwy 330 for about 8 miles. Office is on your righthand side.
Subdivision
Out of Area
Standard status
Active
APN
266734216001
Size
1,440 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT A PITA AMENDED PLAT FOR PURPOSES OF ELIMINATING INTERNAL PROPERTY BOUNDARIES OF PARCELS IN BLK 8 REVISED PLAT OF PLATEAU CITY TOWNSITE SEC 34 92 95W 6TH PM - 0.39AC
Tax Annual Amount
6893
Legal Description
LOT A PITA AMENDED PLAT FOR PURPOSES OF ELIMINATING INTERNAL PROPERTY BOUNDARIES OF PARCELS IN BLK 8 REVISED PLAT OF PLATEAU CITY TOWNSITE SEC 34 92 95W 6TH PM - 0.39AC
Utilities
Water source
Well
Building Details
Year built
1999
Floors in Building
1
Building materials
Frame
Roof type
Composition
Listing Agency:
United Country Real Colorado Properties
(970) 256-9700
Listed By:
Julie Piland · License #FA100044654
(970) 985-0913
Added: Jan 29
Changed: Aug 4
Last Checked: Aug 15 at 6:06AM
MLS# 191503
Copyright © 2026 Aspen Glenwood MLS. 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 1,440-square-foot office building at 15739 Pearl Street includes six offices, a reception area, a conference room, and a break room with counter and refrigerator. Office furniture and accessories are included. Gas heat and central air provide climate control, while carpeted floors, recessed lighting, and wood accents finish the interior. A secure interior package drop box supports after-hours deliveries.
The property occupies 0.39 acres along Highway 330 in Collbran, with parking, a well, and a frost-free hydrant. An exterior cement-block storage building adds two rooms with concrete floors, shelving, and metal doors. Built in 1999, the frame structure has a composition roof and Commercial zoning.
The property occupies 0.39 acres along Highway 330 in Collbran, with parking, a well, and a frost-free hydrant. An exterior cement-block storage building adds two rooms with concrete floors, shelving, and metal doors. Built in 1999, the frame structure has a composition roof and Commercial zoning.
Key Highlights
- 1,440‑square‑foot office building with six private offices
- Reception area, conference room, and break room with counter and refrigerator
- Office furniture and accessories included
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
$13,608
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
3.02%
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%
$272,160
$272.2K
Cap Rate 7%
$194,400
$194.4K
Cap Rate 9%
$151,200
$151.2K
Market Conditions
NOI Build-Up for 1,440 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
$25.9K $18.00/SF
− Vacancy
−$7.8K −$5.40/SF
EGI
$18.1K $12.60/SF
− OpEx
−$4.5K −$3.15/SF
NOI
$13.6K $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 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%
$272,160
Cap Rate 7%
$194,400
Cap Rate 9%
$151,200
Alternative Uses
Best Use
Office B
$194.4K
$170.1K – $226.8K
NOI $13,608 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.73M
$2.39M – $3.19M
NOI $191,290 @ 7.0% cap · market cap 42.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 81624, CO
1,196
Population
803
Households
1.5
Avg Household Size
47
Median Age
21%
College-Educated
92%
High-School Grad
548.8 sq mi
ZIP Area
2
Density / Sq Mi
$89,900
Median Household Income
$31,382
Median Earnings
$1,563
Median Rent
$467,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Furnished office property with a reception area, conference room, break room, and dedicated exterior storage.
Where is this office building located?
The property is located at 15739 Pearl Street Collbran, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,440‑square‑foot office building with six private offices; Reception area, conference room, and break room with counter and refrigerator; Office furniture and accessories included
