Renovated Multi-Unit Retail
For Sale
$750,000
2493 Highway 6&50 Unit 8 9 10, Grand Junction, CO 81505
The combined space includes office rooms, three restrooms, drinking fountains, and a wet bar.
Property Size4,500 SF
Price / SF$166.67
Days on Market621
Property Features for 2493 Highway 6&50 Unit 8 9 10
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Building
Taxes and HOA fees
Annual Taxes
$11,209
Amenities
offices
restrooms
drinking fountains
wet bar
Listing Agency:
RE/MAX 4000, INC
Listed By:
BRANDON PALMER
(970) 712-6868
Source:
Thevangundygroup
Added: Feb 20, 2025
Changed: Nov 1
Last Checked: Nov 1 at 3:46PM
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 RE/MAX 4000, INC
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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.
Three adjacent retail units at Cottonwood Mall are combined into a 4,500-square-foot space. The layout includes two offices, three restrooms, two drinking fountains, and a wet bar. Updates include new furnaces, flooring, and paint.
Key Highlights
- Three combined 1,500‑square‑foot units totaling 4,500 square feet
- Two offices, three restrooms, two drinking fountains, and a wet bar
- Updates include new furnaces, flooring, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,684
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,680
$853.7K
Cap Rate 7%
$609,771
$609.8K
Cap Rate 9%
$474,267
$474.3K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$64.8K $14.40/SF
− Vacancy
−$3.8K −$0.85/SF
EGI
$61.0K $13.55/SF
− OpEx
−$18.3K −$4.07/SF
NOI
$42.7K $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%
$853,680
Cap Rate 7%
$609,771
Cap Rate 9%
$474,267
Alternative Uses
Best Use
Retail
$609.8K
$533.6K – $711.4K
NOI $42,684 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$8.54M
$7.47M – $9.96M
NOI $597,780 @ 7.0% cap · market cap 79.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,259
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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The combined space includes office rooms, three restrooms, drinking fountains, and a wet bar.
Where is this retail space located?
The property is located at 2493 Highway 6&50 Unit 8 9 10 Grand Junction, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three combined 1,500‑square‑foot units totaling 4,500 square feet; Two offices, three restrooms, two drinking fountains, and a wet bar; Updates include new furnaces, flooring, and paint
