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Multi-Tenant Flex and Office Property

2940 I-70 Business Loop Grand Junction, CO 81504

New
2940 I-70 Business Loop, Grand Junction, CO, 81504
$1,485,000
For Sale
Claim this Listing
$1,485,000

COMMERCIAL - Grand Junction, CO

Property Size9,000 SF
Lot Size0.60 Acres
Price / SF$165
AddedJul 15
Days on Market1
Last RefreshJul 15 at 4:06 pm

Property Features for 2940 I-70 Business Loop

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.60 Acres

Taxes and HOA fees

Tax Annual Amount
12017

Listing agent Brian Bray License #FA40038007

Listing office BRAY/COMMERCIAL 1015 N 7TH ST, GRAND JUNCTION, CO

Listing date Jul 15, 2026

MLS# 20263448

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 multi-tenant commercial property includes five office, flex, and shop units in a durable masonry building constructed in 1976. The configuration is designed for flexible occupancy, with units supported by 10' overhead doors. One space is currently vacant: a 2,800 SF office suite (Unit #1A) offered for lease on a NNN basis, while the remaining units are occupied by NNN tenants.

The property is located along the I-70B frontage road and provides convenient access to 29 Road and North Avenue. It also offers ample paved parking, supporting everyday tenant and customer access.

The site is zoned C-2, which the current offering states allows for a wide variety of commercial and light industrial uses. The listing is presented as an income-producing investment with additional flexibility for owner-users, based on full-occupancy performance assumptions described in the remarks.

Key Highlights

  • 9,000 SF multi‑tenant commercial building on 0.60 acres in C‑2 zoning for a wide variety of commercial and light industrial uses
  • Masonry construction (1976) with five offices, flex, and shop units, including 10' overhead doors
  • I‑70B frontage road location with visibility from I‑70B plus convenient access to 29 Road and North Avenue

Local 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 (±1% cap)
NOI $93,901 @ 7.0% cap · market cap 6.32%
Second Best
Office B
$1.22M
$1.06M – $1.42M (±1% cap)
NOI $85,050 @ 7.0% cap · market cap 5.73%
Theoretical Best
Healthcare Medical
$17.08M
$14.94M – $19.93M (±1% cap)
NOI $1,195,560 @ 7.0% cap · market cap 80.51%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Law Firm Restaurant Hair Salon Big Box & Wholesale Store Gym & Fitness Center HVAC Service Spa & Massage Center Nail Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Masonry flex, office, and shop units with 10' overhead doors, with one office suite available for lease.
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 multi‑tenant commercial building on 0.60 acres in C‑2 zoning for a wide variety of commercial and light industrial uses; Masonry construction (1976) with five offices, flex, and shop units, including 10' overhead doors; I‑70B frontage road location with visibility from I‑70B plus convenient access to 29 Road and North Avenue
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