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 Market203
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: Aug 30
Last Checked: Aug 30 at 10:52PM
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 = 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
$25,864
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
4.70%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Under-served
Demand for This Use
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 Retail 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?
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
