Residential Duplex Investment
For Sale
Contact for pricing
Pending
3006 1/2 Oakwood Dr, Grand Junction, CO 81504
Duplex with excellent rental history, built in 2006.
Property Size6,103 SF
Days on Market177
Property Features for 3006 1/2 Oakwood Dr
General Information
Standard status
Pending
Size
6,103 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Building Details
Units
4
Listing Agency:
Venture Group
(970) 201-1849
Listed By:
Theresa Englbrecht · License #CO FA100006764
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 7 at 5:56AM
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 Venture Group
Investment Insights
Based on property information with market context.
This residential investment duplex, constructed in 2006, features a 5.22% cap rate and a history of successful rentals. Each side of the duplex includes 3 bedrooms and 2 bathrooms. The property size is 6103 square feet. An APOD proforma is available for review. Showings and inspections are to be conducted as part of due diligence with a contract. All information, including square footage, measurements, pricing, and availability, is subject to change or error without notice and should be verified by the buyer.
Key Highlights
- Investment property: Duplex with established rental history.
- Attractive Cap Rate: Enjoy a 5.22% return on investment.
- Modern Construction: Built in 2006.
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
$60,698
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
5.10%
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%
$1,213,960
$1.2M
Cap Rate 7%
$867,114
$867.1K
Cap Rate 9%
$674,422
$674.4K
Market Conditions
NOI Build-Up for 6,103 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
$93.7K $15.36/SF
− Vacancy
−$7.0K −$1.15/SF
EGI
$86.7K $14.21/SF
− OpEx
−$26.0K −$4.26/SF
NOI
$60.7K $9.95/SF
Area
Mesa County, CO
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
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%
$1,213,960
Cap Rate 7%
$867,114
Cap Rate 9%
$674,422
Alternative Uses
Best Use
Multifamily LT 5
$867.1K
$758.7K – $1.01M
NOI $60,698 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$796.2K
$696.7K – $929.0K
NOI $55,737 @ 7.0% cap · market cap 4.68%
Theoretical Best
Healthcare Medical
$11.58M
$10.13M – $13.51M
NOI $810,723 @ 7.0% cap · market cap 68.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
151
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with excellent rental history, built in 2006.
Where is this duplex located?
The property is located at 3006 1/2 Oakwood Dr Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Investment property: Duplex with established rental history.; Attractive Cap Rate: Enjoy a 5.22% return on investment.; Modern Construction: Built in 2006.
