Bank Building with
For Sale
$565,000
2706 Highway 50, Grand Junction, CO 81503
CommercialSale, Grand Junction, CO
Property Size1,440 SF
Lot Size0.60 Acres
Price / SF$392.36
Days on Market23
Property Features for 2706 Highway 50
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MU-2
Lot features
Irregular Lot
Directions
Hwy 50 east to property
Subdivision
Orchard Mesa
Standard status
Active
Lot size
0.60 Acres
Taxes and HOA fees
Tax Annual Amount
7021
Amenities
high-visibility signage
drive-thru window
waiting area
break room
private restroom
Listing Agency:
S.U.R.E., LLC
(970) 300-5857
Listed By:
Katie Davis · License #FA.100094662
(970) 778-5083
Added: Aug 1
Changed: Aug 22
Last Checked: Aug 23 at 4:06AM
MLS# 20263778
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 1,440-square-foot bank building occupies a 0.60-acre parcel with MU-2 zoning and a drive-through window. The interior includes a customer waiting area, open office bullpen, 3 built-in teller or service stations, 2 private offices, an IT room, storage, a break room, and a private restroom. Fourteen dedicated paved parking spaces serve the property, with additional land included for expansion.
The property is located at 2706 Highway 50 in Grand Junction, with direct Highway 50 exit access and high-visibility signage. Its position near Orchard Mesa’s residential and business areas supports a convenient setting for financial services or other uses suited to the existing configuration.
The property is located at 2706 Highway 50 in Grand Junction, with direct Highway 50 exit access and high-visibility signage. Its position near Orchard Mesa’s residential and business areas supports a convenient setting for financial services or other uses suited to the existing configuration.
Key Highlights
- 1,440‑square‑foot building on a 0.60‑acre parcel
- Drive‑through window with 3 built‑in teller or service stations
- MU‑2 zoning with direct Highway 50 exit 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
$21,161
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
3.75%
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%
$423,220
$423.2K
Cap Rate 7%
$302,300
$302.3K
Cap Rate 9%
$235,122
$235.1K
Market Conditions
NOI Build-Up for 1,440 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
$30.6K $21.24/SF
− Vacancy
−$2.4K −$1.65/SF
EGI
$28.2K $19.59/SF
− OpEx
−$7.1K −$4.90/SF
NOI
$21.2K $14.70/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$21.24 /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%
$423,220
Cap Rate 7%
$302,300
Cap Rate 9%
$235,122
Alternative Uses
Best Use
Specialty Retail
$302.3K
$264.5K – $352.7K
NOI $21,161 @ 7.0% cap · market cap 3.75%
Second Best
Retail
$195.1K
$170.7K – $227.7K
NOI $13,659 @ 7.0% cap · market cap 2.42%
Theoretical Best
Healthcare Medical
$2.73M
$2.39M – $3.19M
NOI $191,290 @ 7.0% cap · market cap 33.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 81503, CO
16,121
Population
6,567
Households
2.5
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
22.0 sq mi
ZIP Area
733
Density / Sq Mi
$71,681
Median Household Income
$36,918
Median Earnings
$1,015
Median Rent
$307,600
Median Home Value
Market
Vacancy Rate% for Office 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?
Bank - Flexible commercial layout includes teller stations, private offices, customer waiting space, and dedicated staff areas.
Where is this bank located?
The property is located at 2706 Highway 50 Grand Junction, CO.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1,440‑square‑foot building on a 0.60‑acre parcel; Drive‑through window with 3 built‑in teller or service stations; MU‑2 zoning with direct Highway 50 exit access
