Mixed-Use Building with Vacant
New
For Sale
$1,400,000
810 North Avenue, Grand Junction, CO 81504
A Subway franchise occupies part of the building, with a separate multi-room space available for lease.
Property Size4,470 SF
Lot Size0.36 Acres
Price / SF$313.20
Days on Market3
Property Features for 810 North Avenue
General Information
Standard status
Active
Size
4,470 SF
Lot size
0.36 Acres
Property subtype
Commercial
Site & Location
Pylon Signage
Yes
Road Access
Yes
Additional Details
Grease Trap
Yes
Tenant in Place
Yes
Building Details
Year Built
1994
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
S.U.R.E., LLC
Listed By:
Katherine Davis · License #12736
(970) 778-5083
Source:
Destinationdro
Added: Oct 28
Last Checked: Oct 30 at 11:30AM
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 S.U.R.E., LLC
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Investment Insights
Based on property information with market context.
The 4,470-square-foot mixed-use property occupies a 0.36-acre lot and includes a Subway franchise tenant under a 5-year lease with three additional 5-year renewal options. The lease rate is based on 8% of Subway sales revenue. The restaurant space was remodeled two years ago, with new plumbing, electrical, and HVAC systems.
A separate 2,200-square-foot vacant area includes a grease trap, dedicated HVAC and ventilation fan, stainless steel sink, mezzanine storage, and five main-floor rooms. The second floor has an open layout and a private office.
The property is on North Avenue next to Colorado Mesa University. On-site features include pole signage and parking.
A separate 2,200-square-foot vacant area includes a grease trap, dedicated HVAC and ventilation fan, stainless steel sink, mezzanine storage, and five main-floor rooms. The second floor has an open layout and a private office.
The property is on North Avenue next to Colorado Mesa University. On-site features include pole signage and parking.
Key Highlights
- 4,470 SF building on a 0.36‑acre lot
- 2,200 SF vacant space with grease trap, dedicated HVAC, and ventilation fan
- Subway franchise tenant on a 5‑year lease with 3 additional 5‑year renewal options; rate is 8% of 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
Mixed Use
$287.2K
$251.3K – $335.0K
NOI $20,102 @ 7.0% cap · market cap 1.44%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
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Business Placement
Demographics for 81504, CO
31,150
Population
13,042
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
26.9 sq mi
ZIP Area
1,158
Density / Sq Mi
$67,907
Median Household Income
$40,402
Median Earnings
$1,414
Median Rent
$290,300
Median Home Value
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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?
Mixed-use property - A Subway franchise occupies part of the building, with a separate multi-room space available for lease.
Where is this mixed-use property 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 building on a 0.36‑acre lot; 2,200 SF vacant space with grease trap, dedicated HVAC, and ventilation fan; Subway franchise tenant on a 5‑year lease with 3 additional 5‑year renewal options; rate is 8% of sales revenue
