Fenced Yard with Climate-Controlled
For Sale
$3,200,000
2275 Logos Ct, Grand Junction, CO 81505
3-acre fenced land with warehouse, offices, and Quonset hut.
Property Size15,022 SF
Lot Size3.00 Acres
Price / SF$213.02
Days on Market95
Property Features for 2275 Logos Ct
General Information
Standard status
Active
Size
15,022 SF
Lot size
3.00 Acres
Taxes and HOA fees
Annual Taxes
$34,404
Listing Agency:
S.U.R.E., LLC
(970) 778-5083
Listed By:
KATIE DAVIS · License #FA.100094662
(970) 778-5083
Source:
Exprealty
Added: May 27
Changed: Aug 25
Last Checked: Aug 29 at 12:40PM
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 S.U.R.E., LLC
Investment Insights
Based on property information with market context.
This property features a 3.0-acre fully fenced yard space. The warehouse is climate-controlled with HVAC and includes six 14’ automatic overhead doors, as well as amenities such as showers and laundry hookups. Additionally, there is a 2,730 square foot Quonset hut providing extra workspace, complete with a 12’ door and a private entrance. The property also includes two floors of modern office space, featuring 19 private offices, conference rooms, restrooms, and breakrooms. The property has a dedicated 480V 3-phase power drop.
Key Highlights
- Climate‑controlled warehouse with six 14’ automatic overhead doors.
- Benefit from 3.0 acres of fully fenced yard space.
- Two floors of modern executive office space with 19 private offices.
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
$156,732
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
4.90%
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%
$3,134,640
$3.1M
Cap Rate 7%
$2,239,029
$2.2M
Cap Rate 9%
$1,741,467
$1.7M
Market Conditions
NOI Build-Up for 15,022 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
$261.4K $17.40/SF
− Vacancy
−$20.3K −$1.35/SF
EGI
$241.1K $16.05/SF
− OpEx
−$84.4K −$5.62/SF
NOI
$156.7K $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 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%
$3,134,640
Cap Rate 7%
$2,239,029
Cap Rate 9%
$1,741,467
Alternative Uses
Best Use
Flex RnD
$2.24M
$1.96M – $2.61M
NOI $156,732 @ 7.0% cap · market cap 4.90%
Second Best
Industrial
$1.65M
$1.45M – $1.93M
NOI $115,667 @ 7.0% cap · market cap 3.61%
Theoretical Best
Healthcare Medical
$28.51M
$24.94M – $33.26M
NOI $1,995,522 @ 7.0% cap · market cap 62.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 3-acre fenced land with warehouse, offices, and Quonset hut.
Where is this flex space located?
The property is located at 2275 Logos Ct Grand Junction, CO.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Climate‑controlled warehouse with six 14’ automatic overhead doors.; Benefit from 3.0 acres of fully fenced yard space.; Two floors of modern executive office space with 19 private offices.
