Storefront With Overhead
For Sale
Contact for pricing
2816 North Ave, Grand Junction, CO 81501
Commercial zoning, an overhead door, prominent signage opportunities, and lighted on-site parking support storefront operations.
Property Size1,760 SF
Price / SF$312.50
Days on Market248
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Property Features for 2816 North Ave
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Retail
Zoning
Commercial
Amenities
lighted parking
8-foot overhead door
Building Details
Year Built
1982
Stories
1
Listing Agency:
REMAX Rise Up - Grand Junction
Listed By:
Jeff Pleasant · License #CO FA.100053868
Source:
Crexi
Added: Feb 9
Changed: Oct 1
Last Checked: Oct 14 at 8:27PM
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 REMAX Rise Up - Grand Junction
Investment Insights
Based on property information with market context.
This storefront property at 2816 North Ave includes an 8-foot overhead door, prominent signage opportunities, lighted parking, front parking, and additional parking and storage at the rear. Space is also available above the main level. The building was constructed in 1982 and carries Commercial zoning.
Situated on North Avenue between 28 and 28 1/4 Road on the north side of the street, the property provides access from both eastbound and westbound traffic. The configuration is identified as suitable for a drive-thru concept, including a bakery, restaurant, coffee shop, or similar use.
Situated on North Avenue between 28 and 28 1/4 Road on the north side of the street, the property provides access from both eastbound and westbound traffic. The configuration is identified as suitable for a drive-thru concept, including a bakery, restaurant, coffee shop, or similar use.
Key Highlights
- 8‑foot overhead door
- Commercial zoning
- Additional space above the main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,864
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,280
$517.3K
Cap Rate 7%
$369,486
$369.5K
Cap Rate 9%
$287,378
$287.4K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$37.4K $21.24/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$34.5K $19.59/SF
− OpEx
−$8.6K −$4.90/SF
NOI
$25.9K $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 Rate 5%
$517,280
Cap Rate 7%
$369,486
Cap Rate 9%
$287,378
Alternative Uses
Best Use
Specialty Retail
$369.5K
$323.3K – $431.1K
NOI $25,864 @ 7.0% cap · market cap 4.70%
Second Best
Retail
$238.5K
$208.7K – $278.2K
NOI $16,694 @ 7.0% cap · market cap 3.04%
Theoretical Best
Healthcare Medical
$3.34M
$2.92M – $3.90M
NOI $233,798 @ 7.0% cap · market cap 42.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Under-served
Demand for This Use
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial zoning, an overhead door, prominent signage opportunities, and lighted on-site parking support storefront operations.
Where is this storefront property located?
The property is located at 2816 North Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 8‑foot overhead door; Commercial zoning; Additional space above the main level
