Two-Level Office
New
For Sale
$299,999
2-560 S Commercial Dr, Grand Junction, CO 81505
A commercial condo combines open work areas, meeting rooms, a kitchenette, and storage in a multi-level layout.
Property Size1,476 SF
Price / SF$203.25
Days on Market6
Property Features for 2-560 S Commercial Dr
General Information
Standard status
Active
Size
1,476 SF
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$3,516
Listing Agency:
REALTY ONE GROUP WESTERN SLOPE
(970) 628-1001
Listed By:
MICHELLE YOUNG · License #576
(970) 261-4722
Source:
Exprealty
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 21 at 2:00AM
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 REALTY ONE GROUP WESTERN SLOPE
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Investment Insights
Based on property information with market context.
This office condominium at 2-560 S Commercial Dr contains 1,476 square feet over two levels. The 963-square-foot main floor has open workspace on either side of the entry, plus an additional area that can be configured as private offices. A restroom, kitchenette, and storage area are positioned near the rear entrance.
The upper level adds 513 square feet, including a private office, conference room, conference area, and a dedicated workstation. The property is part of an established commercial development in Grand Junction, Colorado.
The upper level adds 513 square feet, including a private office, conference room, conference area, and a dedicated workstation. The property is part of an established commercial development in Grand Junction, Colorado.
Key Highlights
- 1,476‑square‑foot office condominium across two levels
- Main level offers 963 square feet, open work areas, and a flexible area for private offices
- Upper floor contains 513 square feet with a private office, conference room, conference area, and workstation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,948
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,960
$279.0K
Cap Rate 7%
$199,257
$199.3K
Cap Rate 9%
$154,978
$155.0K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$26.6K $18.00/SF
− Vacancy
−$8.0K −$5.40/SF
EGI
$18.6K $12.60/SF
− OpEx
−$4.6K −$3.15/SF
NOI
$13.9K $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%
$278,960
Cap Rate 7%
$199,257
Cap Rate 9%
$154,978
Alternative Uses
Best Use
Office B
$199.3K
$174.4K – $232.5K
NOI $13,948 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.80M
$2.45M – $3.27M
NOI $196,072 @ 7.0% cap · market cap 65.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 81505, CO
11,791
Population
5,379
Households
2.2
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
72.1 sq mi
ZIP Area
164
Density / Sq Mi
$87,677
Median Household Income
$46,560
Median Earnings
$1,424
Median Rent
$436,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A commercial condo combines open work areas, meeting rooms, a kitchenette, and storage in a multi-level layout.
Where is this office unit located?
The property is located at 2-560 S Commercial Dr Grand Junction, CO.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 1,476‑square‑foot office condominium across two levels; Main level offers 963 square feet, open work areas, and a flexible area for private offices; Upper floor contains 513 square feet with a private office, conference room, conference area, and workstation
