Mixed-Use Property with
New
For Sale
$925,000
3026 Patterson Road, Grand Junction, CO 81504
CommercialSale, Grand Junction, CO
Property Size7,200 SF
Price / SF$128.47
Days on Market1
Property Features for 3026 Patterson Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-2
Directions
Travel south on Patterson Road. Property is located at 3026 Patterson Road.
Subdivision
NE Grand Junction
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
16870
Listing Agency:
BRAY/COMMERCIAL
(970) 241-2909
Listed By:
Brian Bray · License #FA40038007
(970) 986-0446
Added: Nov 6
Last Checked: Nov 6 at 2:06PM
MLS# 20265405
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.
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Investment Insights
Based on property information with market context.
At 3026 Patterson Road, this approximately 7,200-square-foot mixed-use property combines a storefront oriented toward the road with additional office/flex units. Those units have their own side entrance, separate from the storefront entry. The property is zoned B-2.
The building is in Grand Junction, Colorado, on Patterson Road. Its stated pro forma capitalization rate is 7.94%.
The building is in Grand Junction, Colorado, on Patterson Road. Its stated pro forma capitalization rate is 7.94%.
Key Highlights
- Approximately 7,200 SF of mixed‑use space
- Storefront faces Patterson Road
- Separate side entrance serves additional office/flex units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,294
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,880
$1.4M
Cap Rate 7%
$975,629
$975.6K
Cap Rate 9%
$758,822
$758.8K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$103.7K $14.40/SF
− Vacancy
−$6.1K −$0.85/SF
EGI
$97.6K $13.55/SF
− OpEx
−$29.3K −$4.07/SF
NOI
$68.3K $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%
$1,365,880
Cap Rate 7%
$975,629
Cap Rate 9%
$758,822
Alternative Uses
Best Use
Retail
$975.6K
$853.7K – $1.14M
NOI $68,294 @ 7.0% cap · market cap 7.38%
Second Best
Mixed Use
$462.6K
$404.8K – $539.7K
NOI $32,380 @ 7.0% cap · market cap 3.50%
Theoretical Best
Healthcare Medical
$13.66M
$11.96M – $15.94M
NOI $956,448 @ 7.0% cap · market cap 103.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
212
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B-2 zoning and a separate entrance complement the storefront and additional office/flex units.
Where is this mixed-use property located?
The property is located at 3026 Patterson Road Grand Junction, CO.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Approximately 7,200 SF of mixed‑use space; Storefront faces Patterson Road; Separate side entrance serves additional office/flex units
