Multi-Tenant Flex and Shop
2940 I-70 Business Loop Grand Junction, CO 81504
For Sale
Contact for pricing
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 Market15
Property Features for 2940 I-70 Business Loop
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.60 Acres
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1976
Listing Agency:
Bray Real Estate
(970) 986-0446
Listed By:
Brian Bray · License #CO FA40038007
Source:
Crexi
Added: Jul 9
Changed: Jul 23
Last Checked: Jul 23 at 11:52AM
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.
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 For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.6k | $17.40 |
| − Vacancy | −$12.1k | −$1.35 |
| EGI | $144.5k | $16.05 |
| − OpEx | −$50.6k | −$5.62 |
| NOI | $93.9k | $10.43 |
9,000 SF · lease $17.40/SF/yr · vacancy 7.75% · expense 35.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
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
