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Office/Retail Condominium Investment
For Sale
$525,000
Pending

5-2412 Patterson Rd, Grand Junction, CO 81506

Office/retail condominium with an in-place tenant and appointment-only showings with the listing broker present.

Property SizeContact for details
Days on Market58

Property Features for 5-2412 Patterson Rd

General Information

Standard status Pending

Additional Details

Cap Rate 7%

Taxes and HOA fees

Annual Taxes $6,315
Listing Agency: COLDWELL BANKER COMMERCIAL PRIME PROPERTIES
Listed By: TIM WHITNEY
Source: Exprealty
Added: Jul 12 Changed: Sep 5 Last Checked: Sep 7 at 11:41AM

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 COLDWELL BANKER COMMERCIAL PRIME PROPERTIES

Investment Insights

Based on property information with market context.

This office/retail condominium is tenant-occupied, and showings require an appointment with the listing broker present. The property is being offered for sale with the benefit of an in-place, quality tenant.

Located in a high-traffic area directly across Patterson Road from Mesa Mall and east of City Market, the condominium sits among active retail and restaurant neighbors, including Subway and Cafe Rio.

The offering includes an office/retail condominium configuration designed for mixed-use branding and day-to-day customer visibility in a retail-oriented setting.

Key Highlights

  • Office/retail condominium with an in‑place tenant
  • Showing by appointment only with the listing broker present; do not disturb tenant
  • Located in a high‑traffic area directly across Patterson Road from Mesa Mall

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Restaurant Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Daycare Center

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

1,414
Businesses Nearby

Demographics for 81506, CO

11,412
Population
5,737
Households
2
Avg Household Size
52
Median Age
43%
College-Educated
95%
High-School Grad
23.9 sq mi
ZIP Area
477
Density / Sq Mi
$76,464
Median Household Income
$40,705
Median Earnings
$1,211
Median Rent
$428,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office/retail condominium with an in-place tenant and appointment-only showings with the listing broker present.
Where is this office units located?
The property is located at 5-2412 Patterson Rd Grand Junction, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Office/retail condominium with an in‑place tenant; Showing by appointment only with the listing broker present; do not disturb tenant; Located in a high‑traffic area directly across Patterson Road from Mesa Mall
More about this property
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