Industrial Flex Property with Shop
For Sale
$750,000
378 28 Road, Grand Junction, CO 81501
Three contiguous parcels combine workshop, office, storage, and municipal utility infrastructure for flexible commercial operations.
Property Size2,720 SF
Lot Size1.14 Acres
Price / SF$275.74
Days on Market51
Property Features for 378 28 Road
General Information
Standard status
Active
Size
2,720 SF
Lot size
1.14 Acres
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1976
Listing Agency:
S.U.R.E., LLC
Listed By:
Katherine Davis · License #12736
(970) 778-5083
Source:
Destinationdro
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 30 at 11:03AM
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 S.U.R.E., LLC
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Investment Insights
Based on property information with market context.
This flex-space offering comprises three contiguous parcels totaling 1.14 acres at 378 28 Road, 2802 C 3/4 Road, and 2806 C 3/4 Road. The improvements provide 2,720 SF across a primary industrial shop, a climate-controlled portable office, and an administrative office/flex building. The main shop includes a clean room, break room, restroom with shower, mop sink, washer/dryer connections, and two overhead doors. The office buildings add open workspace and private offices, while a separate metal structure provides additional shop or storage capacity.
Municipal gas, electricity, water, and sewer are connected to 2802 and 2806 C 3/4 Road. The property also includes four storage sheds and a secure 40-foot Connex box. Built in 1976, the multi-structure layout supports a range of industrial, contractor, fleet, and office functions.
Municipal gas, electricity, water, and sewer are connected to 2802 and 2806 C 3/4 Road. The property also includes four storage sheds and a secure 40-foot Connex box. Built in 1976, the multi-structure layout supports a range of industrial, contractor, fleet, and office functions.
Key Highlights
- 1.14 acres across three contiguous parcels
- 2,720 SF of combined shop, office, and flex improvements
- 1,800 SF main shop with clean room and two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,379
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,580
$567.6K
Cap Rate 7%
$405,414
$405.4K
Cap Rate 9%
$315,322
$315.3K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$47.3K $17.40/SF
− Vacancy
−$3.7K −$1.35/SF
EGI
$43.7K $16.05/SF
− OpEx
−$15.3K −$5.62/SF
NOI
$28.4K $10.43/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,580
Cap Rate 7%
$405,414
Cap Rate 9%
$315,322
Alternative Uses
Best Use
Flex RnD
$405.4K
$354.7K – $473.0K
NOI $28,379 @ 7.0% cap · market cap 3.78%
Second Best
Industrial
$299.2K
$261.8K – $349.1K
NOI $20,944 @ 7.0% cap · market cap 2.79%
Theoretical Best
Healthcare Medical
$5.16M
$4.52M – $6.02M
NOI $361,325 @ 7.0% cap · market cap 48.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Three contiguous parcels combine workshop, office, storage, and municipal utility infrastructure for flexible commercial operations.
Where is this flex space located?
The property is located at 378 28 Road Grand Junction, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1.14 acres across three contiguous parcels; 2,720 SF of combined shop, office, and flex improvements; 1,800 SF main shop with clean room and two overhead doors
