Flex Space with Fenced
For Sale
$579,000
2880 I-70 Business Loop, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size2,960 SF
Price / SF$195.61
Days on Market145
Property Features for 2880 I-70 Business Loop
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial
Lot features
Corner Lot
Directions
Corner of Melody Lane and I-70B Frontage Road (1 Block west of 29 Road)
Subdivision
Grand Junction City
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
8428
Listing Agency:
HOMESMART REALTY PARTNERS · HomeSmart International
(970) 644-5002
Listed By:
Jonilyn Berry
(970) 250-6141
Added: Apr 3
Changed: Aug 25
Last Checked: Aug 25 at 8:06PM
MLS# 20261504
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.
Investment Insights
Based on property information with market context.
This flex property includes a 2,960-square-foot building arranged with shop, office, and showroom areas. Two overhead doors provide functional access to the building. The asset also includes a fenced storage lot measuring a quarter-acre on its own separate parcel, giving the property an additional outdoor component. Zoning is I-1.
The property is positioned just west of 29 Road and north of the I-70 Business Loop in Grand Junction. Its location provides visibility from the surrounding roadway network, while the combination of enclosed work areas, customer-facing space, and fenced storage supports a range of commercial functions within the existing configuration.
The property is positioned just west of 29 Road and north of the I-70 Business Loop in Grand Junction. Its location provides visibility from the surrounding roadway network, while the combination of enclosed work areas, customer-facing space, and fenced storage supports a range of commercial functions within the existing configuration.
Key Highlights
- 2,960‑square‑foot building with shop, office, and showroom areas
- Two overhead doors provide building access
- Quarter‑acre fenced storage lot on a separate parcel
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
$30,883
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
5.33%
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%
$617,660
$617.7K
Cap Rate 7%
$441,186
$441.2K
Cap Rate 9%
$343,144
$343.1K
Market Conditions
NOI Build-Up for 2,960 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
$51.5K $17.40/SF
− Vacancy
−$4.0K −$1.35/SF
EGI
$47.5K $16.05/SF
− OpEx
−$16.6K −$5.62/SF
NOI
$30.9K $10.43/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
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%
$617,660
Cap Rate 7%
$441,186
Cap Rate 9%
$343,144
Alternative Uses
Best Use
Flex RnD
$441.2K
$386.0K – $514.7K
NOI $30,883 @ 7.0% cap · market cap 5.33%
Second Best
Warehouse
$395.4K
$345.9K – $461.3K
NOI $27,675 @ 7.0% cap · market cap 4.78%
Theoretical Best
Healthcare Medical
$5.62M
$4.92M – $6.55M
NOI $393,206 @ 7.0% cap · market cap 67.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned property combines showroom, office, shop, overhead access, and a separate storage parcel.
Where is this flex space located?
The property is located at 2880 I-70 Business Loop Grand Junction, CO.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 2,960‑square‑foot building with shop, office, and showroom areas; Two overhead doors provide building access; Quarter‑acre fenced storage lot on a separate parcel
