Flex Space with
For Sale
$3,400,000
1675 Las Colonias Drive, Grand Junction, CO 81501
PD-zoned property combines office accommodation with production and warehouse areas.
Property Size19,515 SF
Price / SF$174.22
Days on Market9
Property Features for 1675 Las Colonias Drive
General Information
Standard status
Active
Size
19,515 SF
Property subtype
Commercial
Zoning
PD
Warehouse & Industrial
Warehouse Space
16,600 SF
Office Build-Out
2,915 SF
Dock-High Doors
1
Additional Details
Property Use
Office Warehouse
Taxes and HOA fees
Annual Taxes
$29,564
Building Details
Building Size
19,515 SF
Year Built
2020
Stories
2
Listing Agency:
Coldwell Banker Commercial Prime Prop.
(970) 243-7375
Listed By:
Mike Foster · License #IA40011873
(970) 244-6602
Source:
Frontierhomeandranch
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 4:02AM
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 Prop.
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.
Built in 2020, this flex property contains 2,915 square feet of office space and 16,600 square feet devoted to production and warehousing. The office faces east and has mountain views. The building includes three overhead doors and one door described as “doc-hi.” Off-street parking is available.
The property is zoned PD.
The property is zoned PD.
Key Highlights
- 16,600 square feet of production and warehouse space
- 2,915‑square‑foot office area facing east with mountain views
- Three overhead doors and one “doc‑hi” door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,609
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,072,180
$4.1M
Cap Rate 7%
$2,908,700
$2.9M
Cap Rate 9%
$2,262,322
$2.3M
Market Conditions
NOI Build-Up for 19,515 SF
Gross rent
$339.6K $17.40/SF
− Vacancy
−$26.3K −$1.35/SF
EGI
$313.2K $16.05/SF
− OpEx
−$109.6K −$5.62/SF
NOI
$203.6K $10.43/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,072,180
Cap Rate 7%
$2,908,700
Cap Rate 9%
$2,262,322
Alternative Uses
Best Use
Flex RnD
$2.91M
$2.55M – $3.39M
NOI $203,609 @ 7.0% cap · market cap 5.99%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
1,160
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 Industrial in West region
Similar Off Market Nearby
- Flavours Catering By Sodexo — 1455 North Ave, Grand Junction, CO 81501
Frequently Asked Questions
What type of property is this?
Flex space - PD-zoned property combines office accommodation with production and warehouse areas.
Where is this flex space 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: 16,600 square feet of production and warehouse space; 2,915‑square‑foot office area facing east with mountain views; Three overhead doors and one “doc‑hi” door
