Flex Space with Large
For Sale
$4,800,000
2530 E Foresight Circle, Grand Junction, CO 81505
CommercialSale, Grand Junction, CO
Property Size34,185 SF
Lot Size4.60 Acres
Price / SF$140.41
Days on Market125
Property Features for 2530 E Foresight Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-OR
Directions
Patterson to Foresight Park between 25 & 25 1/2 Road on the north side of the street.
Subdivision
North Grand Junction
Standard status
Active
Lot size
4.60 Acres
Taxes and HOA fees
Tax Annual Amount
59075
Listing Agency:
COLDWELL BANKER COMMERCIAL PRIME PROPERTIES
(970) 243-7375
Listed By:
Mike Foster · License #IA40011873
(970) 244-6602
Added: Apr 23
Changed: Aug 24
Last Checked: Aug 25 at 8:06PM
MLS# 20261896
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 flex property combines office and warehouse improvements within Foresight Manufacturing Park. The office component totals 5,135 SF across the main and second levels, while the warehouse area provides 29,050 SF. Three overhead doors support movement between the building and the yard.
The property occupies 4.6 acres in North Grand Junction and carries I-OR zoning. A substantial outdoor yard complements the interior commercial space, providing additional site area for operations associated with the property.
The property occupies 4.6 acres in North Grand Junction and carries I-OR zoning. A substantial outdoor yard complements the interior commercial space, providing additional site area for operations associated with the property.
Key Highlights
- 34,000+ SF office/warehouse property
- 5,135 SF of office space across main and second levels
- 29,050 SF of total warehouse space
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
$356,668
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
7.43%
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%
$7,133,360
$7.1M
Cap Rate 7%
$5,095,257
$5.1M
Cap Rate 9%
$3,962,978
$4.0M
Market Conditions
NOI Build-Up for 34,185 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
$594.8K $17.40/SF
− Vacancy
−$46.1K −$1.35/SF
EGI
$548.7K $16.05/SF
− OpEx
−$192.1K −$5.62/SF
NOI
$356.7K $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%
$7,133,360
Cap Rate 7%
$5,095,257
Cap Rate 9%
$3,962,978
Alternative Uses
Best Use
Flex RnD
$5.10M
$4.46M – $5.94M
NOI $356,668 @ 7.0% cap · market cap 7.43%
Second Best
Office B
$4.61M
$4.04M – $5.38M
NOI $323,048 @ 7.0% cap · market cap 6.73%
Theoretical Best
Healthcare Medical
$64.87M
$56.76M – $75.69M
NOI $4,541,135 @ 7.0% cap · market cap 94.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
Balanced
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 - Office and warehouse improvements occupy a 4.6-acre industrial-zoned site within Foresight Manufacturing Park.
Where is this flex space located?
The property is located at 2530 E Foresight Circle Grand Junction, CO.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 34,000+ SF office/warehouse property; 5,135 SF of office space across main and second levels; 29,050 SF of total warehouse space
