Corner Storefront with Commercial
For Sale
$549,999
2898 Highway 50, Grand Junction, CO 81503
CommercialSale, Grand Junction, CO
Property Size1,365 SF
Lot Size0.49 Acres
Price / SF$402.93
Days on Market48
Property Features for 2898 Highway 50
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-2
Lot features
Corner Lot
Directions
NEC Hwy 50 and 29 Rd
Subdivision
Orchard Mesa
Standard status
Active
Lot size
0.49 Acres
Taxes and HOA fees
Tax Annual Amount
9333
Amenities
beautiful solid wood floors
dedicated checkout area
massive 9-door built-in commercial cooler
expansive additional storage
second built-in cooler
private bathroom with mop sink
direct exterior access
prominent corner pole signage
well-lit parking lot light poles
private paved parking
Listing Agency:
S.U.R.E., LLC
(970) 300-5857
Listed By:
Katie Davis · License #FA.100094662
(970) 778-5083
Added: Jul 9
Changed: Aug 24
Last Checked: Aug 25 at 6:06AM
MLS# 20263341
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 storefront property includes a 1,365-square-foot main level arranged with a retail showroom, solid wood flooring, and a dedicated checkout area. A built-in commercial cooler with 9 doors provides customer-accessible refrigerated display space. The lower level adds substantial storage, another built-in cooler, a private bathroom with mop sink, and exterior access suited to loading and deliveries.
The property occupies a corner at Highway 50 and 29 Road, with prominent pole signage and illuminated parking-lot light poles. Private paved parking is accessed directly from 29 Road. The offering also includes the adjoining parcel at 173 29 Road, bringing the combined property area to 0.49 acres and providing additional land for future use or expansion.
The property occupies a corner at Highway 50 and 29 Road, with prominent pole signage and illuminated parking-lot light poles. Private paved parking is accessed directly from 29 Road. The offering also includes the adjoining parcel at 173 29 Road, bringing the combined property area to 0.49 acres and providing additional land for future use or expansion.
Key Highlights
- 1,365‑square‑foot storefront with retail showroom and dedicated checkout area
- Built‑in commercial cooler with 9 doors
- Lower‑level storage, second cooler, bathroom with mop sink, and exterior access
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
$20,059
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
3.65%
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%
$401,180
$401.2K
Cap Rate 7%
$286,557
$286.6K
Cap Rate 9%
$222,878
$222.9K
Market Conditions
NOI Build-Up for 1,365 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
$29.0K $21.24/SF
− Vacancy
−$2.2K −$1.65/SF
EGI
$26.7K $19.59/SF
− OpEx
−$6.7K −$4.90/SF
NOI
$20.1K $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%
$401,180
Cap Rate 7%
$286,557
Cap Rate 9%
$222,878
Alternative Uses
Best Use
Specialty Retail
$286.6K
$250.7K – $334.3K
NOI $20,059 @ 7.0% cap · market cap 3.65%
Second Best
Retail
$185.0K
$161.8K – $215.8K
NOI $12,947 @ 7.0% cap · market cap 2.35%
Theoretical Best
Healthcare Medical
$2.59M
$2.27M – $3.02M
NOI $181,327 @ 7.0% cap · market cap 32.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81503, CO
16,121
Population
6,567
Households
2.5
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
22.0 sq mi
ZIP Area
733
Density / Sq Mi
$71,681
Median Household Income
$36,918
Median Earnings
$1,015
Median Rent
$307,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with refrigerated display capacity, storage, paved parking, and access from 29 Road.
Where is this storefront property located?
The property is located at 2898 Highway 50 Grand Junction, CO.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: 1,365‑square‑foot storefront with retail showroom and dedicated checkout area; Built‑in commercial cooler with 9 doors; Lower‑level storage, second cooler, bathroom with mop sink, and exterior access
