Industrial Warehouse and
For Sale
Contact for pricing
2530 E Foresight Circle, Grand Junction, CO 81505
Industrial building on I-1 zoning with dedicated office space, warehouse area, three overhead doors, and paved parking.
Property Size31,121 SF
Price / SF$154.24
Days on Market130
Property Features for 2530 E Foresight Circle
General Information
Standard status
Active
Size
31,121 SF
Class
A
Property subtype
Industrial
Zoning
I-OR
Investment Type
Owner/User
Building Details
Year Built
1997
Year Renovated
2000
Buildings
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Prime Properties
(970) 244-6602
Listed By:
Mike Foster · License #CO IA40011873
Source:
Crexi
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 30 at 1:03PM
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 Coldwell Banker Commercial Prime Properties
Investment Insights
Based on property information with market context.
Industrial property offering a total building area of 34,185 SF on 4.6 acres zoned I-1. The layout includes 5,961 SF of office space and 27,419 SF of warehouse space, supported by three overhead doors for loading and tenant operations. The site includes off-street paved parking and landscaped grounds.
The property is located near Patterson Road, with convenient access to Interstate 70, and is approximately 2.5 miles from Mesa Mall.
Designed as a combined warehouse and office facility, the building configuration supports businesses that need both work space and practical loading capabilities within the same asset.
The property is located near Patterson Road, with convenient access to Interstate 70, and is approximately 2.5 miles from Mesa Mall.
Designed as a combined warehouse and office facility, the building configuration supports businesses that need both work space and practical loading capabilities within the same asset.
Key Highlights
- 34,185 SF industrial building on 4.6 acres zoned I‑1
- Includes 5,961 SF office space and 27,419 SF warehouse space
- Three overhead doors for warehouse access
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
$324,700
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
6.76%
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%
$6,494,000
$6.5M
Cap Rate 7%
$4,638,571
$4.6M
Cap Rate 9%
$3,607,778
$3.6M
Market Conditions
NOI Build-Up for 31,121 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
$541.5K $17.40/SF
− Vacancy
−$42.0K −$1.35/SF
EGI
$499.5K $16.05/SF
− OpEx
−$174.8K −$5.62/SF
NOI
$324.7K $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%
$6,494,000
Cap Rate 7%
$4,638,571
Cap Rate 9%
$3,607,778
Alternative Uses
Best Use
Flex RnD
$4.64M
$4.06M – $5.41M
NOI $324,700 @ 7.0% cap · market cap 6.76%
Second Best
Warehouse
$4.16M
$3.64M – $4.85M
NOI $290,976 @ 7.0% cap · market cap 6.06%
Theoretical Best
Healthcare Medical
$59.06M
$51.68M – $68.90M
NOI $4,134,114 @ 7.0% cap · market cap 86.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building on I-1 zoning with dedicated office space, warehouse area, three overhead doors, and paved parking.
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: 34,185 SF industrial building on 4.6 acres zoned I‑1; Includes 5,961 SF office space and 27,419 SF warehouse space; Three overhead doors for warehouse access
