Flex Space with Truck
For Sale
Contact for pricing
2508 Weslo Ave, Grand Junction, CO 81505
General Commercial zoning supports a combined office and warehouse configuration with convenient truck access.
Property Size3,570 SF
Price / SF$194.68
Days on Market8
Property Features for 2508 Weslo Ave
General Information
Standard status
Active
Size
3,570 SF
Property subtype
Office, Industrial
Zoning
General Commercial
Warehouse & Industrial
Power
200 amps
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Listing Agency:
The Christi Reece Group
(970) 208-3853
Listed By:
Mike Park · License #CO 100028342
Source:
Crexi
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 29 at 2:00PM
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 The Christi Reece Group
Investment Insights
Based on property information with market context.
Located at 2508 Weslo Ave in Grand Junction, the 3,570 sq. ft. flex property combines office and warehouse areas within a General Commercial zoning designation. Building infrastructure includes 3-Phase 200 Amp service, two 10’ overhead doors, and off-street parking.
The property sits along a busy corridor with truck access and is centrally located in Grand Junction. Its configuration and equipment support potential applications including auto-oriented retail, wholesale, warehousing, construction services, equipment rental, repair services, and light industrial or manufacturing operations.
The property sits along a busy corridor with truck access and is centrally located in Grand Junction. Its configuration and equipment support potential applications including auto-oriented retail, wholesale, warehousing, construction services, equipment rental, repair services, and light industrial or manufacturing operations.
Key Highlights
- 3,570 sq. ft. office and warehouse property
- 3‑Phase 200 Amp electrical service
- Two 10’ overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,248
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$744,960
$745.0K
Cap Rate 7%
$532,114
$532.1K
Cap Rate 9%
$413,867
$413.9K
Market Conditions
NOI Build-Up for 3,570 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.1K $17.40/SF
− Vacancy
−$4.8K −$1.35/SF
EGI
$57.3K $16.05/SF
− OpEx
−$20.1K −$5.62/SF
NOI
$37.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$744,960
Cap Rate 7%
$532,114
Cap Rate 9%
$413,867
Alternative Uses
Best Use
Flex RnD
$532.1K
$465.6K – $620.8K
NOI $37,248 @ 7.0% cap · market cap 5.36%
Second Best
Office B
$482.0K
$421.7K – $562.3K
NOI $33,737 @ 7.0% cap · market cap 4.85%
Theoretical Best
Healthcare Medical
$6.77M
$5.93M – $7.90M
NOI $474,239 @ 7.0% cap · market cap 68.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,632
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - General Commercial zoning supports a combined office and warehouse configuration with convenient truck access.
Where is this flex space located?
The property is located at 2508 Weslo Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,570 sq. ft. office and warehouse property; 3‑Phase 200 Amp electrical service; Two 10’ overhead doors
