Business Park Retail
For Sale
$379,000
2478 Patterson Road Unit 25, Grand Junction, CO 81505
Office use is identified as a fit for this commercial unit in a business park setting.
Property Size1,600 SF
Price / SF$236.88
Days on Market495
Property Features for 2478 Patterson Road Unit 25
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Building
Taxes and HOA fees
Annual Taxes
$5,729
Listing Agency:
VENTURE GROUP
Listed By:
BECCA POSNER
(970) 424-2281
Source:
Thevangundygroup
Added: Jun 26, 2025
Changed: Nov 1
Last Checked: Nov 1 at 4:14PM
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 VENTURE GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,600-square-foot retail unit is located in a business park at 2478 Patterson Road, Unit 25, in Grand Junction. The property information identifies office use as a fit for the space.
The business park sits just off Patterson Road and is described as surrounded by established businesses.
The business park sits just off Patterson Road and is described as surrounded by established businesses.
Key Highlights
- 1,600 square feet of commercial retail space
- Unit 25 at 2478 Patterson Road in Grand Junction
- 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
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Office use is identified as a fit for this commercial unit in a business park setting.
Where is this retail space located?
The property is located at 2478 Patterson Road Unit 25 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; Unit 25 at 2478 Patterson Road in Grand Junction; Located in a business park just off Patterson Road
