Multi-Tenant Flex and Shop
For Sale
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2940 I-70 Business Loop, Grand Junction, CO 81504
Masonry flex and shop building with five units and 10 overhead doors, with two suites currently available.
Property Size9,000 SF
Lot Size0.60 Acres
Price / SF$165
Days on Market108
Property Features for 2940 I-70 Business Loop
General Information
Standard status
Active
Size
9,000 SF
Class
B
Lot size
0.60 Acres
Property subtype
Office, Industrial
Zoning
C-2
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$105,018
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1976
Buildings
1
Units
5
Tenancy
Multi
Construction
masonry
Listing Agency:
Bray Real Estate
Listed By:
Brian Bray · License #CO FA40038007
(970) 986-0446
Source:
Crexi
Added: Jul 9
Changed: Oct 15
Last Checked: Oct 24 at 3:09PM
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
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Investment Insights
Based on property information with market context.
Constructed of durable masonry in 1976, this multi-tenant flex and shop property totals five office, flex, and shop units. The building includes 10’ overhead doors across the unit mix and offers two spaces currently available: a 2,800 SF office suite (Unit #1A) and a 1,000 SF shop (Unit #4). The remaining units are occupied by long-term tenants under NNN leases, supporting a live-and-earn owner-user setup.
The property is located along the I-70B frontage road, providing visibility from I-70B. Convenient access is provided to 29 Road and North Avenue, and the site includes ample paved parking.
With C-2 zoning allowing for a wide variety of commercial and light industrial uses, the available office and shop units provide flexibility for an owner-occupant while preserving income from existing tenants.
The property is located along the I-70B frontage road, providing visibility from I-70B. Convenient access is provided to 29 Road and North Avenue, and the site includes ample paved parking.
With C-2 zoning allowing for a wide variety of commercial and light industrial uses, the available office and shop units provide flexibility for an owner-occupant while preserving income from existing tenants.
Key Highlights
- 9,000 SF masonry multi‑tenant commercial building on 0.60 acres (built 1976) with five office/flex/shop units
- C‑2 zoning allows for a wide variety of commercial and light industrial uses
- Includes 10’ overhead doors across flex/shop units, with Unit #1A (2,800 SF office) and Unit #4 (1,000 SF shop) currently available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,901
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,878,020
$1.9M
Cap Rate 7%
$1,341,443
$1.3M
Cap Rate 9%
$1,043,344
$1.0M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$156.6K $17.40/SF
− Vacancy
−$12.1K −$1.35/SF
EGI
$144.5K $16.05/SF
− OpEx
−$50.6K −$5.62/SF
NOI
$93.9K $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 Rate 5%
$1,878,020
Cap Rate 7%
$1,341,443
Cap Rate 9%
$1,043,344
Alternative Uses
Best Use
Flex RnD
$1.34M
$1.17M – $1.57M
NOI $93,901 @ 7.0% cap · market cap 6.32%
Second Best
Office B
$1.22M
$1.06M – $1.42M
NOI $85,050 @ 7.0% cap · market cap 5.73%
Theoretical Best
Healthcare Medical
$17.08M
$14.94M – $19.93M
NOI $1,195,560 @ 7.0% cap · market cap 80.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 81504, CO
31,150
Population
13,042
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
26.9 sq mi
ZIP Area
1,158
Density / Sq Mi
$67,907
Median Household Income
$40,402
Median Earnings
$1,414
Median Rent
$290,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Masonry flex and shop building with five units and 10 overhead doors, with two suites currently available.
Where is this flex space located?
The property is located at 2940 I-70 Business Loop Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: 9,000 SF masonry multi‑tenant commercial building on 0.60 acres (built 1976) with five office/flex/shop units; C‑2 zoning allows for a wide variety of commercial and light industrial uses; Includes 10’ overhead doors across flex/shop units, with Unit #1A (2,800 SF office) and Unit #4 (1,000 SF shop) currently available
