3164 F Rd, Grand Junction, CO 81504

Building Details

Year Built 1995 More

Buildings 3 More

Stories 2 More

Listing Agency: The Christi Reece Group

Listed By: Mike Park · License #CO 100028342 Show Phone

Source: Crexi

Added: Aug 25, 2023 Changed: Oct 25 Last Checked: Oct 25 at 2:07PM

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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 The Christi Reece Group

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Investment Insights

Based on property information with market context.

This estate, situated on 4.64 acres, presents numerous possibilities. The 14,800-square-foot church includes a main sanctuary with seating for 420 people, a daycare area, multiple office spaces, a technologically advanced audio room, and a commercial kitchen. The kitchen's seating area can accommodate up to 250 people. The attached warehouse space features two overhead doors, a large walk-in freezer, and a walk-in cooler. Additionally, the property includes two 2,368-square-foot residential homes, each built in 1995 and featuring three bedrooms, two bathrooms, and fenced-in yards. Vacant space at the rear of the property is suitable for five additional residential lots or other uses. This property is located in Grand Junction, Colorado.

Key Highlights

• Expansive 4.64‑acre lot with limitless potential for development
• 14,800 sq ft church with 420‑person sanctuary, daycare, offices, and advanced audio room
• Commercial kitchen with seating for 250, walk‑in freezer and cooler, and warehouse space with 2 overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$173,524

Cap Rate

7.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,470,480 $3.5M

Cap Rate 7%

$2,478,914 $2.5M

Cap Rate 9%

$1,928,044 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 22,536 SF

Gross rent

$262.3K $11.64/SF

− Vacancy

−$14.4K −$0.64/SF

EGI

$247.9K $11.00/SF

− OpEx

−$74.4K −$3.30/SF

NOI

$173.5K $7.70/SF

Area

Mesa County, CO

Vacancy

5.50%

Lease Rate

$11.64 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,470,480

Cap Rate 7%

$2,478,914

Cap Rate 9%

$1,928,044

Alternative Uses

Best Use

Warehouse

$3.01M

$2.63M – $3.51M (±1% cap)

NOI $210,708 @ 7.0% cap · market cap 9.60%

Second Best

Industrial

$2.48M

$2.17M – $2.89M (±1% cap)

NOI $173,524 @ 7.0% cap · market cap 7.91%

Theoretical Best

Specialty Retail

$4.73M

$4.14M – $5.52M (±1% cap)

NOI $331,176 @ 7.0% cap · market cap 15.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Churches & religious facilities

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

328

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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Church & religious facility - 4.64-acre estate featuring a church, warehouse, and residential homes.

Where is this church & religious facility located?

The property is located at 3164 F Rd Grand Junction, CO.

What is the asking price?

The asking price for this property is $2,195,000.

What are key features of this property?

This property features: Expansive 4.64‑acre lot with limitless potential for development; 14,800 sq ft church with **420‑person sanctuary**, daycare, offices, and advanced audio room; Commercial kitchen with seating for 250, walk‑in freezer and cooler, and warehouse space with 2 overhead doors