Fenced-Yard Flex
For Sale
$3,200,000
2275 Logos Court, Grand Junction, CO 81505
CommercialSale, Grand Junction, CO
Property Size15,000 SF
Lot Size3.00 Acres
Price / SF$213.33
Days on Market63
Property Features for 2275 Logos Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-2
Directions
Hwy 6&50 to 23 Rd, north to Logos Ct west to property
Subdivision
NW Grand Junction
Standard status
Active
Lot size
3.00 Acres
Taxes and HOA fees
Tax Annual Amount
34404
Amenities
showers
laundry hookups
conference rooms
restrooms
breakrooms
Listing Agency:
S.U.R.E., LLC
(970) 300-5857
Listed By:
Katie Davis · License #FA.100094662
(970) 778-5083
Added: Jun 24
Changed: Aug 24
Last Checked: Aug 25 at 7:06PM
MLS# 20263035
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.
Investment Insights
Based on property information with market context.
This approximately 15,000 SF flex property combines climate-controlled warehouse space, executive offices, and additional workspace in a Quonset hut. The warehouse includes six 14-foot automatic overhead doors, HVAC, showers, and laundry hookups. A dedicated 480V 3-phase power drop supports the facility. The office component spans two floors and includes 19 private offices, conference rooms, restrooms, and breakrooms.
The property includes 3.0 acres of fully fenced yard space, providing substantial outdoor area alongside the enclosed improvements. The Quonset hut adds 2,730 SF of workspace with a 12-foot door and private entrance. The property is currently tenant-occupied, and showings require 24 hours' notice.
The property includes 3.0 acres of fully fenced yard space, providing substantial outdoor area alongside the enclosed improvements. The Quonset hut adds 2,730 SF of workspace with a 12-foot door and private entrance. The property is currently tenant-occupied, and showings require 24 hours' notice.
Key Highlights
- 3.0 acres of fully fenced yard space
- Approximately 15,000 SF flex property with warehouse and office improvements
- Climate‑controlled warehouse with six 14' automatic overhead doors
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
$156,502
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
4.89%
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%
$3,130,040
$3.1M
Cap Rate 7%
$2,235,743
$2.2M
Cap Rate 9%
$1,738,911
$1.7M
Market Conditions
NOI Build-Up for 15,000 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
$261.0K $17.40/SF
− Vacancy
−$20.2K −$1.35/SF
EGI
$240.8K $16.05/SF
− OpEx
−$84.3K −$5.62/SF
NOI
$156.5K $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%
$3,130,040
Cap Rate 7%
$2,235,743
Cap Rate 9%
$1,738,911
Alternative Uses
Best Use
Flex RnD
$2.24M
$1.96M – $2.61M
NOI $156,502 @ 7.0% cap · market cap 4.89%
Second Best
Office B
$2.03M
$1.77M – $2.36M
NOI $141,750 @ 7.0% cap · market cap 4.43%
Theoretical Best
Healthcare Medical
$28.47M
$24.91M – $33.21M
NOI $1,992,600 @ 7.0% cap · market cap 62.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
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 Office 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 - Versatile industrial property combines climate-controlled warehouse, office space, and a fully fenced yard.
Where is this flex space located?
The property is located at 2275 Logos Court 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: 3.0 acres of fully fenced yard space; Approximately 15,000 SF flex property with warehouse and office improvements; Climate‑controlled warehouse with six 14' automatic overhead doors
