Flex Space with Heated
For Sale
Contact for pricing
549 S 10th St, Grand Junction, CO 81501
Versatile commercial building with office, warehouse, fenced yard, solar panels, and multiple access points for separate occupancy.
Property Size6,500 SF
Price / SF$106.14
Days on Market247
Property Features for 549 S 10th St
General Information
Standard status
Active
Size
6,500 SF
Total Parking Spaces
10
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
4,000 SF
Office Build-Out
2,500 SF
Rail Access
No
Amenities
conference space
reception space
Building Details
Building Size
6,500 SF
Listing Agency:
RE/MAX 4000 Inc | Grand Junction
(970) 241-4000
Listed By:
Jan Kimbrough Miller · License #100013124
(970) 250-6781
Source:
Moodyscre
Added: Dec 30, 2025
Changed: Aug 30
Last Checked: Aug 30 at 11:48PM
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 RE/MAX 4000 Inc | Grand Junction
Investment Insights
Based on property information with market context.
Located at 549 S 10th St in Grand Junction, this 6,500-square-foot flex property combines approximately 2,500 square feet of finished office space with a 4,000-square-foot heated warehouse. The office component includes seven main-level offices, conference and reception areas, central air, two restrooms, and a partially finished mezzanine that is not included in the stated square footage. The shop has an additional restroom and three overhead doors.
The building can accommodate up to three separate units, with demising work required; each proposed unit has its own entrance, gas meter, and electric meter. Additional site features include a fenced yard, 10 off-street parking spaces, and owned solar panels. The property provides access to I-70B and Hwy 50 and is adjacent to the railroad, without a spur.
The building can accommodate up to three separate units, with demising work required; each proposed unit has its own entrance, gas meter, and electric meter. Additional site features include a fenced yard, 10 off-street parking spaces, and owned solar panels. The property provides access to I-70B and Hwy 50 and is adjacent to the railroad, without a spur.
Key Highlights
- 6,500 square feet total, including approximately 2,500 square feet of finished office and 4,000 square feet of heated warehouse
- Up to 3 separate units possible; demising needed, with individual entrances, gas meters, and electric meters
- 7 main‑level offices plus conference, reception, central air, and a partially finished mezzanine
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
$61,425
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
8.90%
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%
$1,228,500
$1.2M
Cap Rate 7%
$877,500
$877.5K
Cap Rate 9%
$682,500
$682.5K
Market Conditions
NOI Build-Up for 6,500 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
$117.0K $18.00/SF
− Vacancy
−$35.1K −$5.40/SF
EGI
$81.9K $12.60/SF
− OpEx
−$20.5K −$3.15/SF
NOI
$61.4K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,228,500
Cap Rate 7%
$877,500
Cap Rate 9%
$682,500
Alternative Uses
Best Use
Flex RnD
$968.8K
$847.7K – $1.13M
NOI $67,818 @ 7.0% cap · market cap 9.83%
Second Best
Office B
$877.5K
$767.8K – $1.02M
NOI $61,425 @ 7.0% cap · market cap 8.90%
Theoretical Best
Healthcare Medical
$12.34M
$10.79M – $14.39M
NOI $863,460 @ 7.0% cap · market cap 125.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,090
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with office, warehouse, fenced yard, solar panels, and multiple access points for separate occupancy.
Where is this flex space located?
The property is located at 549 S 10th St Grand Junction, CO.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: 6,500 square feet total, including approximately 2,500 square feet of finished office and 4,000 square feet of heated warehouse; Up to 3 separate units possible; demising needed, with individual entrances, gas meters, and electric meters; 7 main‑level offices plus conference, reception, central air, and a partially finished mezzanine
