Multi-Building Flex
For Sale
$1,980,940
389 Roberts Court, Grand Junction, CO 81504
CommercialSale, Grand Junction, CO
Property Size7,619 SF
Price / SF$260
Days on Market68
Property Features for 389 Roberts Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Irregular Lot
Directions
Lot 1 Caprock Commercial Park - Sec 22 15 IE VM Rect No 2775065.
Subdivision
SE Grand Junction
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
19597
Listing Agency:
RE/MAX 4000, INC
(970) 241-4000
Listed By:
Ray Rickard, Ccim · License #EA1044695
(970) 250-1128
Added: Aug 3
Changed: Oct 9
Last Checked: Oct 9 at 4:06PM
MLS# 20263784
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 flex property includes three principal buildings: one measuring 3,126 square feet, with the other two at 1,326 and 1,367 square feet. Those three buildings total 5,819 square feet. A separate 1,800-square-foot finished area links the second and third buildings, bringing the combined area to 7,619 square feet.
Key Highlights
- Three principal buildings total 5,819 square feet: 3,126, 1,326 and 1,367 square feet
- An additional 1,800‑square‑foot finished area connects the second and third buildings
- Combined building and finished area totals 7,619 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,493
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,589,860
$1.6M
Cap Rate 7%
$1,135,614
$1.1M
Cap Rate 9%
$883,256
$883.3K
Market Conditions
NOI Build-Up for 7,619 SF
Gross rent
$132.6K $17.40/SF
− Vacancy
−$10.3K −$1.35/SF
EGI
$122.3K $16.05/SF
− OpEx
−$42.8K −$5.62/SF
NOI
$79.5K $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%
$1,589,860
Cap Rate 7%
$1,135,614
Cap Rate 9%
$883,256
Alternative Uses
Best Use
Flex RnD
$1.14M
$993.7K – $1.32M
NOI $79,493 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$838.1K
$733.3K – $977.8K
NOI $58,665 @ 7.0% cap · market cap 2.96%
Theoretical Best
Healthcare Medical
$14.46M
$12.65M – $16.87M
NOI $1,012,108 @ 7.0% cap · market cap 51.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Several buildings and an additional finished area provide a multi-part configuration.
Where is this flex space located?
The property is located at 389 Roberts Court Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,980,940.
What are key features of this property?
This property features: Three principal buildings total 5,819 square feet: 3,126, 1,326 and 1,367 square feet; An additional 1,800‑square‑foot finished area connects the second and third buildings; Combined building and finished area totals 7,619 square feet
