Flex Space with Warehouse
For Sale
$189,000
Pending
2477 Commerce Boulevard #F, Grand Junction, CO 81505
An office and reception area, kitchenette, restroom, and rear-entry warehouse provide a practical mix of workspace and storage.
Property Size961 SF
Days on Market167
Property Features for 2477 Commerce Boulevard #F
General Information
Standard status
Pending
Size
961 SF
Property subtype
Business
Additional Details
Property Use
Office/Warehouse
Amenities
Employee kitchenette
Building Details
Year Built
1999
Listing Agency:
Coldwell Banker Commercial Prime Prop.
(970) 243-7375
Listed By:
Mike Foster · License #IA40011873
(970) 244-6602
Source:
Christiesaspenre
Added: May 19
Changed: Oct 31
Last Checked: Oct 31 at 3:05AM
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 Commercial Prime Prop.
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Investment Insights
Based on property information with market context.
This 961-square-foot flex space combines a front office or reception area with a smaller rear room suitable for office or storage use. A kitchenette and restroom support day-to-day operations, while warehouse storage is accessed through a 10-foot overhead door. A separate rear entry provides another point of access. The property was built in 1999.
Key Highlights
- 961 square feet of flex space
- 10‑foot overhead door serving warehouse storage
- Front area suited to office or reception use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,027
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,540
$200.5K
Cap Rate 7%
$143,243
$143.2K
Cap Rate 9%
$111,411
$111.4K
Market Conditions
NOI Build-Up for 961 SF
Gross rent
$16.7K $17.40/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$15.4K $16.05/SF
− OpEx
−$5.4K −$5.62/SF
NOI
$10.0K $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%
$200,540
Cap Rate 7%
$143,243
Cap Rate 9%
$111,411
Alternative Uses
Best Use
Flex RnD
$143.2K
$125.3K – $167.1K
NOI $10,027 @ 7.0% cap · market cap 5.31%
Second Best
Warehouse
$128.4K
$112.3K – $149.8K
NOI $8,985 @ 7.0% cap · market cap 4.75%
Theoretical Best
Healthcare Medical
$1.82M
$1.60M – $2.13M
NOI $127,659 @ 7.0% cap · market cap 67.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,658
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
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Practical Smokers BBQ, Catering, and more... — 596 N Commercial Dr, Grand Junction, CO 81505
- Alarado Biscuit Company — W We are outside at food court entrance between Dillards and Dick’s Sporting Goods, 2422 US-6, Grand
Frequently Asked Questions
What type of property is this?
Flex space - An office and reception area, kitchenette, restroom, and rear-entry warehouse provide a practical mix of workspace and storage.
Where is this flex space located?
The property is located at 2477 Commerce Boulevard #F Grand Junction, CO.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 961 square feet of flex space; 10‑foot overhead door serving warehouse storage; Front area suited to office or reception use
