Mixed-Use Property with
For Sale
Contact for pricing
2960 North Ave, Grand Junction, CO 81504
C-2-zoned property combines office, retail, residential, and dry storage improvements along North Avenue.
Property Size4,369 SF
Lot Size0.60 Acres
Price / SF$136.19
Days on Market204
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Property Features for 2960 North Ave
General Information
Standard status
Active
Size
4,369 SF
Lot size
0.60 Acres
Property subtype
Mixed Use, Office, Retail, Self Storage
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1963
Buildings
2
Stories
1
Listing Agency:
Bray Real Estate
Listed By:
Brian Bray · License #CO FA40038007
(970) 986-0446
Source:
Crexi
Added: Mar 26
Changed: Oct 9
Last Checked: Oct 14 at 11:27PM
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.
This mixed-use property brings together commercial, residential, and storage improvements on a 0.6-acre C-2-zoned site. The office and retail component contains more than 3,000 SF with an open layout that can accommodate varied configurations. A separate 1,100 SF house includes three bedrooms and one bathroom, while over 6,800 SF of unheated dry storage provides additional functional space.
The property is positioned along North Avenue near the I-70B connection. Surrounding uses include Memorial Gardens, Health & Human Services, the Workforce Center, PrimeHealth+ clinic, and True Value. Built in 1963, the site offers a combination of existing improvements and C-2 land-use designation.
The property is positioned along North Avenue near the I-70B connection. Surrounding uses include Memorial Gardens, Health & Human Services, the Workforce Center, PrimeHealth+ clinic, and True Value. Built in 1963, the site offers a combination of existing improvements and C-2 land-use designation.
Key Highlights
- More than 3,000+ SF of office/retail space with an open floor plan
- 1,100 SF house with 3 bedrooms and 1 bath
- Over 6,800 SF of unheated dry storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,441
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,820
$828.8K
Cap Rate 7%
$592,014
$592.0K
Cap Rate 9%
$460,456
$460.5K
Market Conditions
NOI Build-Up for 4,369 SF
Gross rent
$62.9K $14.40/SF
− Vacancy
−$3.7K −$0.85/SF
EGI
$59.2K $13.55/SF
− OpEx
−$17.8K −$4.07/SF
NOI
$41.4K $9.49/SF
Area
Mesa County, CO
Vacancy
5.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,820
Cap Rate 7%
$592,014
Cap Rate 9%
$460,456
Alternative Uses
Best Use
Retail
$592.0K
$518.0K – $690.7K
NOI $41,441 @ 7.0% cap · market cap 6.96%
Second Best
Office B
$589.8K
$516.1K – $688.1K
NOI $41,287 @ 7.0% cap · market cap 6.94%
Theoretical Best
Healthcare Medical
$8.29M
$7.25M – $9.67M
NOI $580,378 @ 7.0% cap · market cap 97.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned property combines office, retail, residential, and dry storage improvements along North Avenue.
Where is this mixed-use property located?
The property is located at 2960 North Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: More than 3,000+ SF of office/retail space with an open floor plan; 1,100 SF house with 3 bedrooms and 1 bath; Over 6,800 SF of unheated dry storage
