Office Warehouse with Mountain
For Sale
$3,400,000
1675 Las Colonias Drive, Grand Junction, CO 81501
Office warehouse featuring mountain views, production space, and truck access.
Property Size19,515 SF
Lot Size1.75 Acres
Price / SF$174.22
Days on Market239
Property Features for 1675 Las Colonias Drive
General Information
Standard status
Active
Size
19,515 SF
Lot size
1.75 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$29,564
Building Details
Year Built
2020
Listing Agency:
Coldwell Banker Commercial Prime Properties LLC
(970) 244-6602
Listed By:
Michael Foster · License #IA40011873
(970) 244-6602
Source:
Exitrealty
Added: Dec 29, 2025
Changed: Aug 25
Last Checked: Aug 25 at 5:59AM
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 Coldwell Banker Commercial Prime Properties LLC
Investment Insights
Based on property information with market context.
This office warehouse, constructed in 2020, features 2,915 square feet of office space facing east with mountain views. The property also includes 16,600 square feet of production and warehouse space. It is equipped with three overhead doors and one dock-high door. Client parking is paved and off-street. Truck access and turnaround are available on the 1.75-acre lot.
Key Highlights
- 2020 Built Office Warehouse
- 16,600 sf Production and Warehouse Space
- Enjoy the 2,915 sf Office Area with Mountain Views
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
$184,417
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
5.42%
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%
$3,688,340
$3.7M
Cap Rate 7%
$2,634,529
$2.6M
Cap Rate 9%
$2,049,078
$2.0M
Market Conditions
NOI Build-Up for 19,515 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
$351.3K $18.00/SF
− Vacancy
−$105.4K −$5.40/SF
EGI
$245.9K $12.60/SF
− OpEx
−$61.5K −$3.15/SF
NOI
$184.4K $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 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%
$3,688,340
Cap Rate 7%
$2,634,529
Cap Rate 9%
$2,049,078
Alternative Uses
Best Use
Office B
$2.63M
$2.31M – $3.07M
NOI $184,417 @ 7.0% cap · market cap 5.42%
Second Best
Warehouse
$2.61M
$2.28M – $3.04M
NOI $182,462 @ 7.0% cap · market cap 5.37%
Theoretical Best
Healthcare Medical
$37.03M
$32.40M – $43.21M
NOI $2,592,373 @ 7.0% cap · market cap 76.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Office warehouse featuring mountain views, production space, and truck access.
Where is this warehouse located?
The property is located at 1675 Las Colonias Drive Grand Junction, CO.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 2020 Built Office Warehouse; 16,600 sf Production and Warehouse Space; Enjoy the 2,915 sf Office Area with Mountain Views
