Office Building with Individual
For Sale
$3,000,000
2755 North Ave, Grand Junction, CO 81501
Shared work areas, conference rooms, and a built-out coffee and bakery space support a range of office configurations.
Property Size9,510 SF
Price / SF$315.46
Days on Market11
Property Features for 2755 North Ave
General Information
Standard status
Active
Size
9,510 SF
Class
Class A
Elevators
Yes
Property subtype
Commercial
Additional Details
Property Use
Executive Office
Amenities
Built out coffee/bakery space
Multiple Waiting Areas
Well-Equipped Conference Rooms
Dedicated Break Room
Coworking Spaces
Men's and Women's Restrooms with Showers on both levels
24/7 Access
Private Fiber Network
Drive-thru window
Prominent Signage
Building Details
Year Built
1965
Listing Agency:
S.U.R.E., LLC
Listed By:
Katherine Davis C · License #12736
(970) 778-5083
Source:
Mountainmeadowrealestate
Added: Oct 22
Changed: Nov 1
Last Checked: Nov 1 at 4:02PM
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 S.U.R.E., LLC
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Investment Insights
Based on property information with market context.
The Vault is a 9,510-square-foot office building with individual suites, coworking areas, and a built-out coffee and bakery space with dine-in seating. Expansive windows bring natural light into the offices, which have individual thermostats and a secured private fiber network. The building also includes multiple waiting areas, conference rooms, a break room, and a drive-through window.
Elevator access serves both levels, each of which has men’s and women’s restrooms with showers. The property offers 24/7 access, shared parking, and prominent signage along North Avenue. Built in 1965, the building is located at 2755 North Ave in Grand Junction, Colorado.
Elevator access serves both levels, each of which has men’s and women’s restrooms with showers. The property offers 24/7 access, shared parking, and prominent signage along North Avenue. Built in 1965, the building is located at 2755 North Ave in Grand Junction, Colorado.
Key Highlights
- 9,510‑square‑foot office building with individual suites and coworking areas
- Built‑out coffee and bakery space with dine‑in seating
- Conference rooms, multiple waiting areas, and a dedicated break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,870
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,797,400
$1.8M
Cap Rate 7%
$1,283,857
$1.3M
Cap Rate 9%
$998,556
$998.6K
Market Conditions
NOI Build-Up for 9,510 SF
Gross rent
$171.2K $18.00/SF
− Vacancy
−$51.4K −$5.40/SF
EGI
$119.8K $12.60/SF
− OpEx
−$30.0K −$3.15/SF
NOI
$89.9K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,797,400
Cap Rate 7%
$1,283,857
Cap Rate 9%
$998,556
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.50M
NOI $89,870 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$18.05M
$15.79M – $21.06M
NOI $1,263,308 @ 7.0% cap · market cap 42.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Shared work areas, conference rooms, and a built-out coffee and bakery space support a range of office configurations.
Where is this office building located?
The property is located at 2755 North Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 9,510‑square‑foot office building with individual suites and coworking areas; Built‑out coffee and bakery space with dine‑in seating; Conference rooms, multiple waiting areas, and a dedicated break room
