Distribution Center with Cold
For Sale
$12,500,000
2530 High Country Court, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size42,280 SF
Lot Size4.04 Acres
Price / SF$295.65
Days on Market523
Property Features for 2530 High Country Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Lot features
Adjacent To Public Land, Adjacent To Open Space, Cul De Sac
Directions
South on 25 Road. Continue over 25 Road onto Riverside Parkway. Head East roughly 1/4 mile and turn right on High Country Court.
Subdivision
Grand Junction City
Standard status
Active
Lot size
4.04 Acres
Taxes and HOA fees
Tax Annual Amount
68159
Amenities
reception area
six private offices
conference room
hospitality suite with kitchenette
advanced alarm system
Listing Agency:
RE/MAX 4000, INC
(970) 241-4000
Listed By:
Chris Myers
(970) 234-9819
Added: Mar 17, 2025
Changed: Aug 20
Last Checked: Aug 21 at 7:06PM
MLS# 20251104
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 42,280-square-foot distribution facility occupies 4.04 acres and includes 10,000 square feet of refrigerated cold storage. The masonry building has four dock-high bays, four overhead doors, and a pull-through warehouse area with a floor drain. Interior improvements include a reception area, six private offices, a conference room, and a hospitality suite with a kitchenette.
Located at 2530 High Country Court in Grand Junction, the property fronts Riverside Parkway and borders the Colorado Riverfront Trail. The fully paved site provides 24 dedicated parking spaces along with additional tractor-trailer parking. Perimeter fencing, a wet sprinkler system, and an alarm system are also in place. The property is zoned I-1.
Located at 2530 High Country Court in Grand Junction, the property fronts Riverside Parkway and borders the Colorado Riverfront Trail. The fully paved site provides 24 dedicated parking spaces along with additional tractor-trailer parking. Perimeter fencing, a wet sprinkler system, and an alarm system are also in place. The property is zoned I-1.
Key Highlights
- 42,280‑square‑foot distribution facility on 4.04 acres
- 10,000 square feet of refrigerated cold storage
- Four dock‑high bays and four 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
$395,311
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
3.16%
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%
$7,906,220
$7.9M
Cap Rate 7%
$5,647,300
$5.6M
Cap Rate 9%
$4,392,344
$4.4M
Market Conditions
NOI Build-Up for 42,280 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
$492.1K $11.64/SF
− Vacancy
−$27.1K −$0.64/SF
EGI
$465.1K $11.00/SF
− OpEx
−$69.8K −$1.65/SF
NOI
$395.3K $9.35/SF
Area
Mesa County, CO
Vacancy
5.50%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
15.00%
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%
$7,906,220
Cap Rate 7%
$5,647,300
Cap Rate 9%
$4,392,344
Alternative Uses
Best Use
Warehouse
$5.65M
$4.94M – $6.59M
NOI $395,311 @ 7.0% cap · market cap 3.16%
Second Best
Industrial
$4.65M
$4.07M – $5.43M
NOI $325,550 @ 7.0% cap · market cap 2.60%
Theoretical Best
Healthcare Medical
$80.24M
$70.21M – $93.61M
NOI $5,616,475 @ 7.0% cap · market cap 44.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Dock-high doors
4
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution center - I-1-zoned facility combines warehouse operations with office and refrigerated space.
Where is this distribution center located?
The property is located at 2530 High Country Court Grand Junction, CO.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 42,280‑square‑foot distribution facility on 4.04 acres; 10,000 square feet of refrigerated cold storage; Four dock‑high bays and four overhead doors
