516 28 Rd, Grand Junction, CO 81501
Highly visible property with ample parking and modern amenities.
- Added:
- Jan 17, 2025
- Days on Market:
- 514
- Last Refresh:
- Jan 20 at 9:47 am
Property Features for 516 28 Rd
General Information
- Standard status
- Active
- Size
- 12,360 SF
- Lot size
- 1.45 Acres
Listing agent Katherine Davis (970) 778-5083
Listing office Bray Commercial LLC (970) 778-5083
Listing date Jan 17, 2025
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Bray Commercial LLC
HighLights
- High‑visibility location on 28 Road with direct access and ample parking (48 spaces, including ADA)
- Large, free‑standing 12,360 Sq. Ft. building on a 1.45‑acre lot.
- Includes a 3‑car drive‑thru and a separate 1‑car ATM drive‑thru.
- Versatile interior featuring 32 private offices (including a co‑working space), teller stations, and multiple breakrooms.
- Equipped with a secure bank vault, security cameras, and a fire alarm system.
- Conveniently located near North Avenue and various commercial and residential destinations, including Lincoln Park and Red Cliff Pointe Shopping Center.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $262.5k | $21.24 |
| − Vacancy | −$20.3k | −$1.65 |
| EGI | $242.2k | $19.59 |
| − OpEx | −$60.5k | −$4.90 |
| NOI | $181.6k | $14.70 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.533
- Latitude
- 39.0796