Office-Warehouse Flex
For Sale
$800,000
Pending
475 Melody Lane, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size3,416 SF
Lot Size0.70 Acres
Days on Market13
Property Features for 475 Melody Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Directions
I-70 BUSINESS FRONTAGE, TURN NORTH ON MELODY LANE
Subdivision
Grand Junction City
Standard status
Pending
Lot size
0.70 Acres
Taxes and HOA fees
Tax Annual Amount
12421
Listing Agency:
THE AGENCY GRAND JUNCTION
(970) 236-3636
Listed By:
Jan Kimbrough Miller - The Kimbrough Team · License #100013124
(970) 250-6781
Added: Sep 28
Changed: Oct 9
Last Checked: Oct 10 at 5:06AM
MLS# 20265021
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 combines 1,232 square feet of office space with 2,184 square feet of warehouse area, for 3,416 square feet in total. The building occupies a 0.70-acre site in Grand Junction, Colorado.
Key Highlights
- 3,416‑square‑foot flex building
- 2,184 square feet of warehouse space
- 1,232 square feet of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,641
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,820
$712.8K
Cap Rate 7%
$509,157
$509.2K
Cap Rate 9%
$396,011
$396.0K
Market Conditions
NOI Build-Up for 3,416 SF
Gross rent
$59.4K $17.40/SF
− Vacancy
−$4.6K −$1.35/SF
EGI
$54.8K $16.05/SF
− OpEx
−$19.2K −$5.62/SF
NOI
$35.6K $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%
$712,820
Cap Rate 7%
$509,157
Cap Rate 9%
$396,011
Alternative Uses
Best Use
Flex RnD
$509.2K
$445.5K – $594.0K
NOI $35,641 @ 7.0% cap · market cap 4.46%
Second Best
Warehouse
$456.3K
$399.2K – $532.3K
NOI $31,939 @ 7.0% cap · market cap 3.99%
Theoretical Best
Healthcare Medical
$6.48M
$5.67M – $7.56M
NOI $453,781 @ 7.0% cap · market cap 56.72%
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
556
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
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 - The building combines dedicated office space with a warehouse area on a single site.
Where is this flex space located?
The property is located at 475 Melody Lane Grand Junction, CO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,416‑square‑foot flex building; 2,184 square feet of warehouse space; 1,232 square feet of office space
