Office and Warehouse on 5
For Sale
Contact for pricing
2872 I -70 Business Loop, Grand Junction, CO 81501
31,000 SF office and warehouse on 5 acres.
Property Size31,000 SF
Lot Size5.00 Acres
Price / SF$91.94
Days on Market207
Property Features for 2872 I -70 Business Loop
General Information
Standard status
Active
Size
31,000 SF
Lot size
5.00 Acres
Property subtype
Industrial
Zoning
I-1
Lease Type
NNN
Building Details
Year Built
1981
Stories
2
Tenancy
Single
Listing Agency:
Bray Real Estate
(970) 986-0446
Listed By:
Brian Bray · License #CO FA40038007
Source:
Crexi
Added: Jan 30
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 Bray Real Estate
Investment Insights
Based on property information with market context.
This property features approximately 31,000 square feet of office and warehouse space situated on 5 acres. It is zoned I-1, which allows for a wide range of uses including automotive, storage, and limited retail. The improvements include multiple office suites and shop areas, providing the ability to segment operations or accommodate multiple users. The warehouse components are equipped with overhead doors of varying heights and include bridge cranes, supporting heavy industrial or service-oriented users. The site also offers a fully fenced and gated yard with multiple access points for enhanced security and efficient circulation. The property benefits from direct access to the I-70 Business Loop and close proximity to 29 Road and North Avenue, offering excellent regional connectivity. The property is also available for lease.
Key Highlights
- 31,000 SF office and warehouse space on 5 acres.
- Zoned I‑1, allowing for automotive, storage, and limited retail uses.
- Multiple office suites and shop areas suitable for multiple users.
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
$238,696
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
8.38%
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%
$4,773,920
$4.8M
Cap Rate 7%
$3,409,943
$3.4M
Cap Rate 9%
$2,652,178
$2.7M
Market Conditions
NOI Build-Up for 31,000 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
$360.8K $11.64/SF
− Vacancy
−$19.8K −$0.64/SF
EGI
$341.0K $11.00/SF
− OpEx
−$102.3K −$3.30/SF
NOI
$238.7K $7.70/SF
Area
Mesa County, CO
Vacancy
5.50%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
30.00%
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%
$4,773,920
Cap Rate 7%
$3,409,943
Cap Rate 9%
$2,652,178
Alternative Uses
Best Use
Flex RnD
$4.62M
$4.04M – $5.39M
NOI $323,438 @ 7.0% cap · market cap 11.35%
Second Best
Industrial
$3.41M
$2.98M – $3.98M
NOI $238,696 @ 7.0% cap · market cap 8.38%
Theoretical Best
Healthcare Medical
$58.83M
$51.48M – $68.63M
NOI $4,118,040 @ 7.0% cap · market cap 144.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
469
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 31,000 SF office and warehouse on 5 acres.
Where is this flex space located?
The property is located at 2872 I -70 Business Loop Grand Junction, CO.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 31,000 SF office and warehouse space on 5 acres.; Zoned I‑1, allowing for automotive, storage, and limited retail uses.; Multiple office suites and shop areas suitable for multiple users.
