Medical Office Suite with
For Sale
Contact for pricing
2139 North 12th Street, Grand Junction, CO 81501
Well-maintained suite with six private offices, reception, break room/storage, and ample parking.
Property Size1,475 SF
Price / SF$220.34
Days on Market68
Property Features for 2139 North 12th Street
General Information
Standard status
Active
Size
1,475 SF
Property subtype
Office
Zoning
MU-1
Building Details
Year Built
2001
Stories
1
Units
1
Listing Agency:
Coldwell Banker Distinctive Properties Grand Junction
Listed By:
John Metcalf · License #FA. 100106254
Source:
Crexi
Added: Jul 3
Changed: Sep 8
Last Checked: Sep 8 at 5:09AM
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 Distinctive Properties Grand Junction
Investment Insights
Based on property information with market context.
This well-maintained commercial suite is positioned within 12th Street Plaza and is configured for professional use, including retail, office, or medical applications. The interior includes six private offices, a welcoming reception area, and a storeroom/break room space, providing a functional layout for day-to-day operations.
The property is located near St. Marys Hospital and Colorado Mesa University, with ample parking for both clients and staff. Recent improvements include a roof replacement, which supports long-term ownership.
The seller is also open to discussing lease-back options for qualified buyers, and showings must be accompanied by the listing agent. This is a confidential listing; the sale should not be discussed with employees currently operating within the business.
The property is located near St. Marys Hospital and Colorado Mesa University, with ample parking for both clients and staff. Recent improvements include a roof replacement, which supports long-term ownership.
The seller is also open to discussing lease-back options for qualified buyers, and showings must be accompanied by the listing agent. This is a confidential listing; the sale should not be discussed with employees currently operating within the business.
Key Highlights
- Well‑maintained commercial space in 12th Street Plaza with flexible layout for retail, office, or medical use
- Includes 6 private offices, a reception area, and a storeroom/break room space
- Recently replaced roof for added peace of mind
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
$13,939
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
4.29%
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%
$278,780
$278.8K
Cap Rate 7%
$199,129
$199.1K
Cap Rate 9%
$154,878
$154.9K
Market Conditions
NOI Build-Up for 1,475 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
$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 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%
$278,780
Cap Rate 7%
$199,129
Cap Rate 9%
$154,878
Alternative Uses
Best Use
Healthcare Medical
$2.80M
$2.45M – $3.27M
NOI $195,939 @ 7.0% cap · market cap 60.29%
Second Best
Office B
$199.1K
$174.2K – $232.3K
NOI $13,939 @ 7.0% cap · market cap 4.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,883
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained suite with six private offices, reception, break room/storage, and ample parking.
Where is this office units located?
The property is located at 2139 North 12th Street Grand Junction, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Well‑maintained commercial space in 12th Street Plaza with flexible layout for retail, office, or medical use; Includes 6 private offices, a reception area, and a storeroom/break room space; Recently replaced roof for added peace of mind
