Two-Level Office
New
For Sale
$299,999
560 S Commercial Drive, Grand Junction, CO 81505
CommercialSale, Grand Junction, CO
Property Size1,476 SF
Price / SF$203.25
Days on Market2
Property Features for 560 S Commercial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CG
Directions
From 25 Road, East on W Pinyon Avenue to S Commercial Drive, the property is on the corner of W Pinyon and S Commercial.
Subdivision
Grand Junction City
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
3517
Listing Agency:
REALTY ONE GROUP WESTERN SLOPE
(970) 628-1001
Listed By:
Michelle Young
(970) 261-4722
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 7:06PM
MLS# 20265149
Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office condominium spans two levels and totals 1,476 square feet. The 963-square-foot main floor has open work areas near the entrance, plus additional space that may be adapted for private offices. A restroom, kitchenette, and storage area are positioned toward the rear. The 513-square-foot upper level contains a private office, conference room, conference area, and a dedicated workstation, providing a mix of individual and shared work settings.
The property is located at 560 S Commercial Drive in Grand Junction, within a commercial development. As a condominium, it offers ownership of an office unit rather than a standalone building. The existing layout includes work, meeting, storage, and support areas across both floors.
The property is located at 560 S Commercial Drive in Grand Junction, within a commercial development. As a condominium, it offers ownership of an office unit rather than a standalone building. The existing layout includes work, meeting, storage, and support areas across both floors.
Key Highlights
- 1,476‑square‑foot office condominium arranged across two levels
- 963‑square‑foot main floor with open work areas and adaptable additional space
- Upper level measures 513 square feet and includes a private office and conference room
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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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - A commercial condominium combines flexible work areas with a private office and dedicated meeting spaces.
Where is this office units located?
The property is located at 560 S Commercial Drive 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 arranged across two levels; 963‑square‑foot main floor with open work areas and adaptable additional space; Upper level measures 513 square feet and includes a private office and conference room
