Downtown Main Street Retail
For Sale
Contact for pricing
549 Main St, Grand Junction, CO 81501
Retail property with heavy foot traffic and off-street parking.
Property Size3,027 SF
Price / SF$214.73
Days on Market189
Property Features for 549 Main St
General Information
Standard status
Active
Size
3,027 SF
Class
A
Property subtype
Office, Retail
Zoning
MU 3
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1900
Year Renovated
1980
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Prime Properties
(970) 244-6602
Listed By:
Mike Foster · License #CO IA40011873
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 8 at 6:45AM
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 retail property is located on Main Street in the downtown area. The property benefits from heavy daytime foot traffic. It features plentiful off-street paved parking in the rear. The location on Main Street places the property within a busy corridor that hosts many community functions and attracts retail traffic. The property size is 3027 square feet.
Key Highlights
- High foot traffic location on Main Street.
- Rear off‑street paved parking.
- Located in a busy retail corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,240
$574.2K
Cap Rate 7%
$410,171
$410.2K
Cap Rate 9%
$319,022
$319.0K
Market Conditions
NOI Build-Up for 3,027 SF
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.
Gross rent
$43.6K $14.40/SF
− Vacancy
−$2.6K −$0.85/SF
EGI
$41.0K $13.55/SF
− OpEx
−$12.3K −$4.07/SF
NOI
$28.7K $9.49/SF
Area
Mesa County, CO
Vacancy
5.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,240
Cap Rate 7%
$410,171
Cap Rate 9%
$319,022
Alternative Uses
Best Use
Retail
$410.2K
$358.9K – $478.5K
NOI $28,712 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$5.74M
$5.03M – $6.70M
NOI $402,107 @ 7.0% cap · market cap 61.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,304
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Town Hall Flowers — Grand Junction, CO 81501
- Garvey's Gardens, LLC — 137 N 5th St, Grand Junction, CO 81501
- Amber Floral — 516 Main St, Grand Junction, CO 81501
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property with heavy foot traffic and off-street parking.
Where is this storefront property located?
The property is located at 549 Main St Grand Junction, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High foot traffic location on Main Street.; Rear off‑street paved parking.; Located in a busy retail corridor.
