Retail Space with Office
For Sale
$379,000
2478 Patterson Road, Grand Junction, CO 81505
CommercialSale, Grand Junction, CO
Property Size1,600 SF
Price / SF$236.88
Days on Market479
Property Features for 2478 Patterson Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-2
Directions
Head west on Patterson property between 24 1/2 rd and 25 Rd.
Subdivision
North Grand Junction
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
5729
Amenities
well-maintained business park
excellent accessibility
ample parking
professional setting
Listing Agency:
VENTURE GROUP
(970) 892-2200
Listed By:
Becca Posner · License #713
(970) 424-2281
Added: Jun 26, 2025
Changed: Oct 17
Last Checked: Oct 17 at 6:06PM
MLS# 20253022
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.
This 1,600-square-foot retail property is positioned within a business park at 2478 Patterson Road in Grand Junction. The space is identified for retail use and is also suited to office operations, providing flexibility for a commercial occupant.
The property sits just off Patterson Road and is surrounded by established businesses. On-site parking and the business-park setting support convenient access for customers, staff, and visitors.
The property sits just off Patterson Road and is surrounded by established businesses. On-site parking and the business-park setting support convenient access for customers, staff, and visitors.
Key Highlights
- 1,600 square feet of commercial retail space
- Office use is supported in addition to the retail classification
- Located in a business park just off Patterson Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,176
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,520
$303.5K
Cap Rate 7%
$216,800
$216.8K
Cap Rate 9%
$168,622
$168.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$23.0K $14.40/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$21.7K $13.55/SF
− OpEx
−$6.5K −$4.07/SF
NOI
$15.2K $9.49/SF
Area
Mesa County, CO
Vacancy
5.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,520
Cap Rate 7%
$216,800
Cap Rate 9%
$168,622
Alternative Uses
Best Use
Retail
$216.8K
$189.7K – $252.9K
NOI $15,176 @ 7.0% cap · market cap 4.00%
Second Best
Office B
$216.0K
$189.0K – $252.0K
NOI $15,120 @ 7.0% cap · market cap 3.99%
Theoretical Best
Healthcare Medical
$3.04M
$2.66M – $3.54M
NOI $212,544 @ 7.0% cap · market cap 56.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial space in a business park near Patterson Road with parking and established neighboring businesses.
Where is this retail space located?
The property is located at 2478 Patterson Road Grand Junction, CO.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,600 square feet of commercial retail space; Office use is supported in addition to the retail classification; Located in a business park just off Patterson Road
