Freestanding Office Building with
516 28 Rd Grand Junction, CO 81501
For Sale
Contact for pricing
Freestanding 12,360 SF office building on a 1.45-acre lot with direct access from 28 Road.
Property Size12,360 SF
Lot Size1.45 Acres
Price / SF$258.90
Days on Market384
Property Features for 516 28 Rd
General Information
Standard status
Active
Size
12,360 SF
Lot size
1.45 Acres
Property subtype
OFFICE
Listing Agency:
Bray Commercial Real Estate
(970) 778-5083
Listed By:
Katie Davis · License #FA.100094662
(970) 778-5083
Source:
Moodyscre
Added: Jul 10, 2025
Changed: Jul 25
Last Checked: Jul 28 at 3:10PM
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 Bray Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering presents a free-standing office building totaling 12,360 square feet situated on a 1.45-acre lot. The property includes ample parking and is described as having modern amenities, with direct access from 28 Road.
Located at 516 28 Road in Grand Junction, Colorado, the site is positioned to support straightforward arrival and on-site parking needs for office users.
The building and site configuration are designed around a standalone footprint, providing an independent property layout with vehicle access directly from 28 Road.
Located at 516 28 Road in Grand Junction, Colorado, the site is positioned to support straightforward arrival and on-site parking needs for office users.
The building and site configuration are designed around a standalone footprint, providing an independent property layout with vehicle access directly from 28 Road.
Key Highlights
- 12,360 SF freestanding building on a 1.45‑acre lot
- Direct access from 28 Road
- Ample parking on site
Financial Insights For Office B
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 | $222.5k | $18.00 |
| − Vacancy | −$66.7k | −$5.40 |
| EGI | $155.7k | $12.60 |
| − OpEx | −$38.9k | −$3.15 |
| NOI | $116.8k | $9.45 |
12,360 SF · lease $18.00/SF/yr · vacancy 30.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $116,802 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$23.46M
$20.52M – $27.37M
NOI $1,641,902 @ 7.0% cap · market cap 51.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Freestanding 12,360 SF office building on a 1.45-acre lot with direct access from 28 Road.
Where is this office building located?
The property is located at 516 28 Rd Grand Junction, CO.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 12,360 SF freestanding building on a 1.45‑acre lot; Direct access from 28 Road; Ample parking on site
