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    Premium Office Suite in Grand Junction Title is generated by Realmo AI

    2829 North Avenue, Grand Junction, CO 81501

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    New
    For Lease
    $1,631/Mo $0.67 SF/Yr (calc)

    COMMERCIAL - Grand Junction, CO

    Property size:
    29,340 SF
    Added:
    May 18, 2026
    Days on Market:
    1
    Last Refresh:
    May 18 at 10:06 pm

    Property Features for 2829 North Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    29,340 SF

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Katie Davis
    Katie Davis

    Listing agent Katie Davis License #CO FA.100094662

    Listing office BRAY/COMMERCIAL 1015 N 7TH ST, GRAND JUNCTION, CO

    Listing date May 18, 2026

    MLS# 20262351

    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.

    HighLights

    • Premium 1,450 sq. ft. office suite in an established professional hub.
    • Full Gross Lease: predictable monthly overhead with no NNN charges or hidden operating expenses.
    • Seven private offices, a full breakroom, and dedicated storage.
    • High visibility location with prominent pole signage and direct access to North Avenue.
    • Stunning common‑area atrium with natural light and lush greenery.
    • Fully ADA compliant with elevator access and ample on‑site parking.

    Overview

    This 1,450 sq. ft. office suite is located within Solarus Square, a professional hub with direct access to North Avenue. The suite features a welcoming entrance with a reception desk, seven private offices, a full breakroom with cabinetry, and a storage closet with built-in shelving. Large windows provide natural light, and professional interior signage is included. The building offers a common-area atrium filled with natural light and greenery, ADA compliance with elevator access, and ample on-site parking. The location provides high visibility with prominent pole signage. The suite is offered as a Full Gross Lease, with no NNN charges or hidden operating expenses, providing predictable monthly overhead. The building has architectural appeal and comfortable common-area waiting zones. The location provides effortless entry and exit for clients and employees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Passio Advertising Agency Western Co Counseling ... Counselor Beauty By Tay Hair Salon Solarus Square Professional Services PreZENt Moment Healing ... Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.528394
    Latitude
    39.07657

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    FAQs

    What type of property is this?
    Office units - Move-in-ready 1,450 sq. ft. office suite for rent.
    Where is this office units located?
    The property is located at 2829 North Avenue Grand Junction, CO.
    What is the lease rate?
    The lease rate is $1,631 /Mo.
    What are key features of this property?
    This property features: Premium 1,450 sq. ft. office suite in an established professional hub.; Full Gross Lease: predictable monthly overhead with no NNN charges or hidden operating expenses.; Seven private offices, a full breakroom, and dedicated storage.
    (970) 778-5083
    We can help!
    Listing Contact
    Katie Davis
    Katie Davis
    Real Estate License ID: CO FA.100094662
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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