Flex Space with Overhead
202 Kluge Avenue, Palisade, CO 81526
For Sale
New
$650,000
CommercialSale, Palisade, CO
Property Size2,625 SF
Price / SF$247.62
Days on Market2
Property Features for 202 Kluge Avenue
General Information
Property type
Property subtype
Zoning description
Lot features
Directions
Subdivision
Standard status
Taxes and HOA fees
Tax Annual Amount
Building Details
Buildings
Listing Agency:
RE/MAX 4000, INC
(970) 241-4000
Listed By:
Anna Derby - Anna And Associates
(970) 260-8362
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 8:06PM
MLS# 20265483
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.
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Investment Insights
Based on property information with market context.
At 202 Kluge Avenue in Palisade, this approximately 2,625-square-foot flex property includes two tall overhead doors and space suited to warehouse or work functions. The building sits on more than one-third of an acre, with part of the lot fenced and additional land area available for parking, loading, or outdoor business uses.
The property is in downtown Palisade, a community described as surrounded by local businesses, agriculture, recreation, and tourism.
The property is in downtown Palisade, a community described as surrounded by local businesses, agriculture, recreation, and tourism.
Key Highlights
- Approximately 2,625 square feet of flex space
- Two tall overhead garage doors
- More than one‑third of an acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,388
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,760
$547.8K
Cap Rate 7%
$391,257
$391.3K
Cap Rate 9%
$304,311
$304.3K
Market Conditions
NOI Build-Up for 2,625 SF
Gross rent
$45.7K $17.40/SF
− Vacancy
−$3.5K −$1.35/SF
EGI
$42.1K $16.05/SF
− OpEx
−$14.7K −$5.62/SF
NOI
$27.4K $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%
$547,760
Cap Rate 7%
$391,257
Cap Rate 9%
$304,311
Alternative Uses
Best Use
Flex RnD
$391.3K
$342.4K – $456.5K
NOI $27,388 @ 7.0% cap · market cap 4.21%
Second Best
Warehouse
$350.6K
$306.8K – $409.1K
NOI $24,543 @ 7.0% cap · market cap 3.78%
Theoretical Best
Specialty Retail
$551.1K
$482.2K – $642.9K
NOI $38,575 @ 7.0% cap · market cap 5.93%
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
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81526, CO
5,216
Population
2,573
Households
2
Avg Household Size
49
Median Age
35%
College-Educated
91%
High-School Grad
72.4 sq mi
ZIP Area
72
Density / Sq Mi
$83,316
Median Household Income
$44,646
Median Earnings
$1,219
Median Rent
$449,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Mesa County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A partially fenced site provides additional area for parking, loading, and outdoor business activity.
Where is this flex space located?
The property is located at 202 Kluge Avenue Palisade, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 2,625 square feet of flex space; Two tall overhead garage doors; More than one‑third of an acre
