Two-Level Office
New
For Sale
$299,999
560 S Commercial Drive #2, Grand Junction, CO 81505
A two-level layout combines open work areas with dedicated office, meeting, and support spaces.
Property Size1,476 SF
Price / SF$203.25
Days on Market1
Property Features for 560 S Commercial Drive #2
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Commercial
Listing Agency:
REALTY ONE GROUP WESTERN SLOPE
Listed By:
Michelle Young · License #576
(970) 261-4722
Source:
Buygrandjunctionco
Added: Oct 19
Last Checked: Oct 19 at 2:07PM
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 REALTY ONE GROUP WESTERN SLOPE
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Investment Insights
Based on property information with market context.
This office condominium at 560 S Commercial Drive, Unit 2, in Grand Junction contains 1,476 square feet arranged across two levels. The 963-square-foot main floor has open workspace on both sides of the entrance, plus an additional area that can be adapted for private offices. A restroom, kitchenette, and storage area are positioned near the rear entrance.
The upper level adds 513 square feet, with a private office, conference room, conference area, and dedicated workstation. Together, the floors provide a mix of open work areas, enclosed rooms, and practical support space within a commercial condominium in an established development.
The upper level adds 513 square feet, with a private office, conference room, conference area, and dedicated workstation. Together, the floors provide a mix of open work areas, enclosed rooms, and practical support space within a commercial condominium in an established development.
Key Highlights
- 1,476‑square‑foot office condominium across two levels
- Main floor includes 963 square feet; upper level includes 513 square feet
- Open workspace on both sides of the main‑level entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,948
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,960
$279.0K
Cap Rate 7%
$199,257
$199.3K
Cap Rate 9%
$154,978
$155.0K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$26.6K $18.00/SF
− Vacancy
−$8.0K −$5.40/SF
EGI
$18.6K $12.60/SF
− OpEx
−$4.6K −$3.15/SF
NOI
$13.9K $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 Rate 5%
$278,960
Cap Rate 7%
$199,257
Cap Rate 9%
$154,978
Alternative Uses
Best Use
Office B
$199.3K
$174.4K – $232.5K
NOI $13,948 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.80M
$2.45M – $3.27M
NOI $196,072 @ 7.0% cap · market cap 65.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,575
Businesses Nearby
Explore this area
Business Placement
Demographics for 81505, CO
11,791
Population
5,379
Households
2.2
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
72.1 sq mi
ZIP Area
164
Density / Sq Mi
$87,677
Median Household Income
$46,560
Median Earnings
$1,424
Median Rent
$436,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A two-level layout combines open work areas with dedicated office, meeting, and support spaces.
Where is this office unit located?
The property is located at 560 S Commercial Drive #2 Grand Junction, CO.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 1,476‑square‑foot office condominium across two levels; Main floor includes 963 square feet; upper level includes 513 square feet; Open workspace on both sides of the main‑level entrance
