Flex Space with Overhead
For Sale
$695,000
2508 Weslo Avenue, Grand Junction, CO 81505
CommercialSale, Grand Junction, CO
Property Size3,570 SF
Price / SF$194.68
Days on Market217
Property Features for 2508 Weslo Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CG
Directions
From Highway 6 & 50 turn north onto 25 rd. Turn right onto Weslo Avenue and the property is on the left (north side) of the street.
Subdivision
Grand Junction City
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
7729
Amenities
3-Phase 200 Amp service
two 10' overhead doors
Listing Agency:
THE CHRISTI REECE GROUP
(970) 589-7700
Listed By:
Mike Park · License #100028342
(970) 208-3853
Added: Jan 20
Changed: Aug 24
Last Checked: Aug 25 at 8:06PM
MLS# 20260232
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.
Investment Insights
Based on property information with market context.
This 3,570-square-foot flex property combines office and warehouse space with infrastructure suited to a range of commercial operations. The building includes 3-Phase 200 Amp electrical service, two 10-foot overhead doors, and off-street parking. General Commercial zoning is in place.
Located at 2508 Weslo Avenue in Grand Junction, the property sits along a busy corridor with truck access. The source information identifies potential applications including auto-oriented retail, wholesale, warehousing, construction services, equipment rental, repair services, and light industrial or manufacturing operations.
Located at 2508 Weslo Avenue in Grand Junction, the property sits along a busy corridor with truck access. The source information identifies potential applications including auto-oriented retail, wholesale, warehousing, construction services, equipment rental, repair services, and light industrial or manufacturing operations.
Key Highlights
- 3,570 square feet of office and warehouse space
- 3‑Phase 200 Amp electrical service
- Two 10‑foot 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
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - The property combines office and warehouse space under General Commercial zoning.
Where is this flex space located?
The property is located at 2508 Weslo Avenue 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 square feet of office and warehouse space; 3‑Phase 200 Amp electrical service; Two 10‑foot overhead doors
