Manufacturing Facility With Crane
For Sale
$4,590,000
2524 Foresight Circle, Grand Junction, CO 81505
CommercialSale, Grand Junction, CO
Property Size36,000 SF
Lot Size7.00 Acres
Price / SF$127.50
Days on Market14
Property Features for 2524 Foresight Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
l-OR
Lot features
Irregular Lot
Directions
From Patterson Road heading westbound, turn right (North) on Foresight Circle. Continue right at the fork and continue left at the next fork to stay on Foresight Circle. The property is on the right (Northeast).
Subdivision
North Grand Junction
Standard status
Active
Lot size
7.00 Acres
Taxes and HOA fees
Tax Annual Amount
55773
Amenities
OSHA-certified paint room
multiple crane bridges
multiple catwalks with additional storage
employee break room and kitchen
employee locker room
conference room
Listing Agency:
BRAY/COMMERCIAL
(970) 241-2909
Listed By:
Brian Bray · License #FA40038007
(970) 986-0446
Added: Aug 12
Changed: Aug 24
Last Checked: Aug 25 at 9:06AM
MLS# 20263999
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 manufacturing facility includes more than 36,000 square feet of warehouse and office space on a 7-acre site. The improvements include a 3,000 SF office area with three private offices, cubicle space, and a conference room, along with additional office areas within the warehouse. Production features include an OSHA-certified paint room, multiple crane bridges, catwalks with added storage, an employee break room and kitchen, and a locker room. Three-phase power is available, with multiple connections to 480-volt service.
Material handling is supported by one 10-foot overhead door and 14-foot overhead doors with a declined approach. The property is just off Patterson Road and near Mesa Mall in Grand Junction, providing a substantial site for the existing industrial improvements and associated yard, parking, or expansion needs.
Material handling is supported by one 10-foot overhead door and 14-foot overhead doors with a declined approach. The property is just off Patterson Road and near Mesa Mall in Grand Junction, providing a substantial site for the existing industrial improvements and associated yard, parking, or expansion needs.
Key Highlights
- More than 36,000 square feet of warehouse and office space
- 7‑acre industrial site near Patterson Road and Mesa Mall
- 3,000 SF office area with 3 private offices, cubicle space, and conference room
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
$340,200
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
7.41%
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%
$6,804,000
$6.8M
Cap Rate 7%
$4,860,000
$4.9M
Cap Rate 9%
$3,780,000
$3.8M
Market Conditions
NOI Build-Up for 36,000 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
$648.0K $18.00/SF
− Vacancy
−$194.4K −$5.40/SF
EGI
$453.6K $12.60/SF
− OpEx
−$113.4K −$3.15/SF
NOI
$340.2K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$6,804,000
Cap Rate 7%
$4,860,000
Cap Rate 9%
$3,780,000
Alternative Uses
Best Use
Office B
$4.86M
$4.25M – $5.67M
NOI $340,200 @ 7.0% cap · market cap 7.41%
Second Best
Warehouse
$4.81M
$4.21M – $5.61M
NOI $336,594 @ 7.0% cap · market cap 7.33%
Theoretical Best
Healthcare Medical
$68.32M
$59.78M – $79.70M
NOI $4,782,240 @ 7.0% cap · market cap 104.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,249
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility combines warehouse production space with dedicated offices and specialized power infrastructure.
Where is this manufacturing property located?
The property is located at 2524 Foresight Circle Grand Junction, CO.
What is the asking price?
The asking price for this property is $4,590,000.
What are key features of this property?
This property features: More than 36,000 square feet of warehouse and office space; 7‑acre industrial site near Patterson Road and Mesa Mall; 3,000 SF office area with 3 private offices, cubicle space, and conference room
