Flexible Office
For Sale
$565,000
300 Main Street, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size2,501 SF
Price / SF$225.91
Days on Market14
Property Features for 300 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MU-3
Directions
Heading Southbound on 7th Street, turn right (West) on Main Street, continuing on Main Street to the 300 block. The property is on the Northeast corner of Main Street and 3rd Street.
Subdivision
Grand Junction City
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
6543
Amenities
restrooms
private backdoor access
Listing Agency:
BRAY/COMMERCIAL
(970) 241-2909
Listed By:
Brian Bray · License #FA40038007
(970) 986-0446
Added: Aug 12
Changed: Aug 24
Last Checked: Aug 25 at 7:06AM
MLS# 20264012
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 2,501 SF office condominium is arranged with multiple offices within a functional floor plan, providing a flexible setting for professional, creative, or service-oriented operations. The unit includes restrooms, elevator access, and a private back entrance, adding practical convenience for occupants and visitors.
Positioned at the corner of Main Street in Downtown Grand Junction, the property benefits from a central business setting near dining, shopping, and entertainment. The office condominium format may accommodate an owner-user or investor, with a 5.7% Pro Forma Cap Rate identified in the property information.
Positioned at the corner of Main Street in Downtown Grand Junction, the property benefits from a central business setting near dining, shopping, and entertainment. The office condominium format may accommodate an owner-user or investor, with a 5.7% Pro Forma Cap Rate identified in the property information.
Key Highlights
- 2,501 SF office condominium with multiple offices
- Corner position on Main Street in Downtown Grand Junction
- Restrooms and elevator included within the property
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
$23,634
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
4.18%
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%
$472,680
$472.7K
Cap Rate 7%
$337,629
$337.6K
Cap Rate 9%
$262,600
$262.6K
Market Conditions
NOI Build-Up for 2,501 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
$45.0K $18.00/SF
− Vacancy
−$13.5K −$5.40/SF
EGI
$31.5K $12.60/SF
− OpEx
−$7.9K −$3.15/SF
NOI
$23.6K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /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%
$472,680
Cap Rate 7%
$337,629
Cap Rate 9%
$262,600
Alternative Uses
Best Use
Office B
$337.6K
$295.4K – $393.9K
NOI $23,634 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.75M
$4.15M – $5.54M
NOI $332,233 @ 7.0% cap · market cap 58.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Multi-office layout with elevator access and a private rear entrance supports adaptable professional workspace.
Where is this office units located?
The property is located at 300 Main Street Grand Junction, CO.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 2,501 SF office condominium with multiple offices; Corner position on Main Street in Downtown Grand Junction; Restrooms and elevator included within the property
