Prime Location Retail
For Sale
$650,000
2814 North Avenue, Grand Junction, CO 81501
High-traffic location with drive-through potential, ample parking.
Property Size4,800 SF
Price / SF$135.42
Days on Market259
Property Features for 2814 North Avenue
General Information
Standard status
Active
Size
4,800 SF
Taxes and HOA fees
Annual Taxes
$7,335
Listing Agency:
RE/MAX RISE UP
(970) 902-4663
Listed By:
JEFF PLEASANT
(970) 629-9523
Source:
Exprealty
Added: Jan 23
Changed: Oct 5
Last Checked: Oct 7 at 1:46PM
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 RE/MAX RISE UP
Investment Insights
Based on property information with market context.
This property is located in a prime location on North Avenue, offering high visibility in a high-traffic corridor with convenient access from both eastbound and westbound traffic. It features lighted parking and prominent signage opportunities, along with an 8-foot overhead door. The property is suitable for a bakery, restaurant, coffee shop, or similar use, and has drive-through potential. Additional space is available above the main level. The lot includes ample up-front parking, as well as back-lot parking and storage. The property size is 4800 square feet.
Key Highlights
- Prime North Avenue location with high‑traffic exposure
- Lighted parking and prominent signage opportunities
- Drive‑through potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,529
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,580
$910.6K
Cap Rate 7%
$650,414
$650.4K
Cap Rate 9%
$505,878
$505.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$69.1K $14.40/SF
− Vacancy
−$4.1K −$0.85/SF
EGI
$65.0K $13.55/SF
− OpEx
−$19.5K −$4.07/SF
NOI
$45.5K $9.49/SF
Area
Mesa County, CO
Vacancy
5.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,580
Cap Rate 7%
$650,414
Cap Rate 9%
$505,878
Alternative Uses
Best Use
Retail
$650.4K
$569.1K – $758.8K
NOI $45,529 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$9.11M
$7.97M – $10.63M
NOI $637,632 @ 7.0% cap · market cap 98.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
874
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-traffic location with drive-through potential, ample parking.
Where is this retail space located?
The property is located at 2814 North Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime North Avenue location with high‑traffic exposure; Lighted parking and prominent signage opportunities; Drive‑through potential
