Retail Space in Business
For Sale
$379,000
25-2478 Patterson Rd, Grand Junction, CO 81506
Commercial space near established businesses with parking and convenient access just off Patterson Road.
Property Size1,600 SF
Price / SF$236.88
Days on Market468
Property Features for 25-2478 Patterson Rd
General Information
Standard status
Active
Size
1,600 SF
Taxes and HOA fees
Annual Taxes
$5,729
Listing Agency:
VENTURE GROUP
(970) 892-2200
Listed By:
BECCA POSNER · License #713
(970) 424-2281
Source:
Exprealty
Added: Jun 26, 2025
Changed: Oct 4
Last Checked: Oct 5 at 9:52PM
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
Investment Insights
Based on property information with market context.
This 1,600-square-foot retail space is located within a maintained business park just off Patterson Road. The commercial suite is positioned for retail use and is also identified as suitable for office operations.
The property offers convenient access, ample parking, and a business-park setting surrounded by established businesses. Its existing commercial configuration provides a straightforward option for an operator seeking space in a professional business environment.
The property offers convenient access, ample parking, and a business-park setting surrounded by established businesses. Its existing commercial configuration provides a straightforward option for an operator seeking space in a professional business environment.
Key Highlights
- 1,600‑square‑foot commercial retail space
- Located in a maintained 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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,414
Businesses Nearby
Explore this area
Business Placement
Demographics for 81506, CO
11,412
Population
5,737
Households
2
Avg Household Size
52
Median Age
43%
College-Educated
95%
High-School Grad
23.9 sq mi
ZIP Area
477
Density / Sq Mi
$76,464
Median Household Income
$40,705
Median Earnings
$1,211
Median Rent
$428,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial space near established businesses with parking and convenient access just off Patterson Road.
Where is this retail space located?
The property is located at 25-2478 Patterson Rd 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‑foot commercial retail space; Located in a maintained business park; Just off Patterson Road
