Restaurant Building with Vacant
For Sale
$1,400,000
810 North Avenue, Grand Junction, CO 81501
CommercialSale, Grand Junction, CO
Property Size4,470 SF
Lot Size0.36 Acres
Price / SF$313.20
Days on Market47
Property Features for 810 North Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MU-2
Directions
North Avenue between 8th and 9th Street, north side
Subdivision
Grand Junction City
Standard status
Active
Lot size
0.36 Acres
Taxes and HOA fees
Tax Annual Amount
21313
Listing Agency:
S.U.R.E., LLC
(970) 300-5857
Listed By:
Katie Davis · License #FA.100094662
(970) 778-5083
Added: Sep 2
Changed: Oct 8
Last Checked: Oct 18 at 5:06AM
MLS# 20264425
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 4,470-square-foot restaurant property occupies a 0.36-acre lot and includes an operating Subway franchise under a 5-year lease with three additional 5-year renewal options. The lease rate is tied to 8% of Subway sales revenue. A separate 2,200-square-foot vacant area includes dedicated HVAC, a ventilation fan, stainless steel sink, mezzanine storage, five main-floor rooms, and an upper level with open space and a private office. The space may also accommodate reinstallation of an overhead door and windows.
Located on North Avenue next to Colorado Mesa University in Grand Junction, the property includes dedicated pole signage and parking for customers and staff. The Subway portion was remodeled two years ago with updated plumbing, electrical, and HVAC systems.
Located on North Avenue next to Colorado Mesa University in Grand Junction, the property includes dedicated pole signage and parking for customers and staff. The Subway portion was remodeled two years ago with updated plumbing, electrical, and HVAC systems.
Key Highlights
- 4,470 SF restaurant property on a 0.36‑acre lot
- Operating Subway franchise with a 5‑year lease and 3 additional 5‑year renewal options
- Lease rate based on 8% of Subway sales revenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,689
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,780
$1.3M
Cap Rate 7%
$938,414
$938.4K
Cap Rate 9%
$729,878
$729.9K
Market Conditions
NOI Build-Up for 4,470 SF
Gross rent
$94.9K $21.24/SF
− Vacancy
−$7.4K −$1.65/SF
EGI
$87.6K $19.59/SF
− OpEx
−$21.9K −$4.90/SF
NOI
$65.7K $14.70/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,780
Cap Rate 7%
$938,414
Cap Rate 9%
$729,878
Alternative Uses
Best Use
Specialty Retail
$938.4K
$821.1K – $1.09M
NOI $65,689 @ 7.0% cap · market cap 4.69%
Second Best
Retail
$605.7K
$530.0K – $706.7K
NOI $42,399 @ 7.0% cap · market cap 3.03%
Theoretical Best
Healthcare Medical
$8.48M
$7.42M – $9.90M
NOI $593,795 @ 7.0% cap · market cap 42.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes an occupied restaurant component and a separately configured vacant area with food-service infrastructure.
Where is this conventional restaurant located?
The property is located at 810 North Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4,470 SF restaurant property on a 0.36‑acre lot; Operating Subway franchise with a 5‑year lease and 3 additional 5‑year renewal options; Lease rate based on 8% of Subway sales revenue
