Listing Agency: COLDWELL BANKER COMMERCIAL PRIME PROPERTIES Show Phone

Listed By: Mike Foster · License #IA40011873 Show Phone

Added: Apr 23 Changed: Oct 8 Last Checked: Oct 10 at 5:06AM

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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.

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 / Yr

$356,668

Cap Rate

7.43%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $356,668 @ 7.0% cap · market cap 7.43%

Second Best

Office B

$4.61M

$4.04M – $5.38M (±1% cap)

NOI $323,048 @ 7.0% cap · market cap 6.73%

Theoretical Best

Healthcare Medical

$64.87M

$56.76M – $75.69M (±1% cap)

NOI $4,541,135 @ 7.0% cap · market cap 94.61%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Individual Matters Physician Dr. Katrina Katen Physician Kathleen Den Physician Occupational Therapy Specialty ... Physician International Concept Management Engineering Consultant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Grocery & Convenience Store Parking Lot & Garage Barber Shop Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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