Executive Office Building with
For Sale
$2,369,000
2755 North Avenue, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size9,510 SF
Price / SF$249.11
Days on Market60
Property Features for 2755 North Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MU-2
Lot features
Corner Lot
Directions
SWC of North Avenue and 28 Road
Subdivision
Grand Junction City
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
33452
Amenities
Built out coffee/bakery space for dine in experience
Multiple Waiting Areas
Well-Equipped Conference Rooms
Dedicated Break Room
Coworking Spaces
Men's and Women's Restrooms with Showers on both levels
Prominent Signage along North Avenue
Listing Agency:
S.U.R.E., LLC
(970) 300-5857
Listed By:
Katie Davis · License #FA.100094662
(970) 778-5083
Added: Jun 27
Changed: Aug 24
Last Checked: Aug 25 at 7:06AM
MLS# 20263096
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.
The 9,510 S/F office property at 2755 North Avenue includes individual office suites with expansive windows, room-level thermostats, and private keyless entry doors. Interior finishes include high-end decor, while a private fiber network supports connectivity. The building also features elevator access, conference rooms, multiple waiting areas, a dedicated break room, and men’s and women’s restrooms with showers on both levels.
Additional improvements include a built-out coffee and bakery area with dine-in space, coworking areas, a drive-thru window, and shared parking. Exterior and interior access points are secured, and the property provides 24/7 access. Prominent signage is available along North Avenue in Grand Junction, Colorado.
Additional improvements include a built-out coffee and bakery area with dine-in space, coworking areas, a drive-thru window, and shared parking. Exterior and interior access points are secured, and the property provides 24/7 access. Prominent signage is available along North Avenue in Grand Junction, Colorado.
Key Highlights
- 9,510 S/F office building with individual suites
- Expansive windows provide abundant natural light throughout
- Private fiber network and keyless, lockable office 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
$89,870
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
3.79%
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%
$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
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
$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 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%
$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 3.79%
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 53.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
829
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 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?
Office building - Individual suites offer secure access, natural light, shared parking, and 24/7 entry.
Where is this office building located?
The property is located at 2755 North Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $2,369,000.
What are key features of this property?
This property features: 9,510 S/F office building with individual suites; Expansive windows provide abundant natural light throughout; Private fiber network and keyless, lockable office doors
