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    Grand Junction Office-Warehouse Condos Title is generated by Realmo AI

    802 1st Avenue, Grand Junction, CO 81501

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    For Lease
    $2,150/Mo $19 SF/Yr (calc)

    COMMERCIAL - Grand Junction, CO

    Property size:
    1,304 SF
    Added:
    May 6, 2026
    Days on Market:
    4
    Last Refresh:
    May 9 at 1:06 am

    Property Features for 802 1st Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    On Street
    Interior features
    Storage
    Standard status
    Active
    Size
    1,304 SF

    Building Details

    Year built
    2006
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Katie Davis
    Katie Davis

    Listing agent Katie Davis License #CO FA.100094662

    Listing office BRAY/COMMERCIAL 1015 N 7TH ST, GRAND JUNCTION, CO

    Listing date May 6, 2026

    MLS# 20262130

    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.

    HighLights

    • Climate‑controlled and insulated warehouse space for optimal inventory and team comfort.
    • Modern office suite with private entrance, reception area, private office, and restroom.
    • 12' overhead door and dedicated exterior door for easy warehouse loading and unloading.
    • Built‑in second‑floor mezzanine in the warehouse for additional storage.
    • Recent upgrades including new exterior lighting, high‑definition security cameras, and resealed parking lot.
    • Prominent building signage opportunities for increased business visibility.

    Overview

    These commercial condos in Grand Junction, CO, offer a blend of professional office space and warehousing. The warehouse component is climate controlled and insulated, featuring high-output lighting, a fresh paint job, a 12' overhead door, a dedicated exterior door, a built-in second-floor mezzanine, a standalone utility sink, and built-in cabinetry and shelving. The office area includes sleek LVT flooring, a dedicated private entrance, a reception area (or second office), a private office, and a private restroom, with independent climate settings separate from the warehouse. Recent property upgrades include new exterior lighting, high-definition security cameras, fresh landscaping, new entrance covers, new exterior doors, a fully resealed and freshly lined parking lot, building signage opportunities, shared dumpster service, and professionally maintained front yard. The property provides a workspace optimized for efficiency and comfort.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elite Cleaning Service General Contractor Hurst Roofing Roofing Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • That's Legit! Catering Services — 742 Grand Ave, Grand Junction, CO 81501
    • Colorado Q — 449 Main St, Grand Junction, CO 81501
    • Lucky Thai LLC — 310 N 7th St, Grand Junction, CO 81501

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.558841
    Latitude
    39.062804

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    FAQs

    What type of property is this?
    Flex space - Premium office and warehouse condos designed for comfort and functionality.
    Where is this flex space located?
    The property is located at 802 1st Avenue Grand Junction, CO.
    What is the lease rate?
    The lease rate is $2,150 /Mo.
    What are key features of this property?
    This property features: Climate‑controlled and insulated warehouse space for optimal inventory and team comfort.; Modern office suite with **private entrance, reception area**, private office, and restroom.; 12' overhead door and dedicated exterior door for easy warehouse loading and unloading.
    (970) 778-5083
    We can help!
    Listing Contact
    Katie Davis
    Katie Davis
    Real Estate License ID: CO FA.100094662
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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