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    23 1/10 Rd Grand Junction, CO 81505

    Sponsored
    For Sale
    $375,000

    6,185 SF Warehouse Condo - Vacant

    Property size:
    6,185 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,185-square-foot industrial warehouse condo, located at 702 23 1/10 Rd., Unit #D4, Grand Junction, CO 81505, presents a compelling investment opportunity. Built in 2006 and zoned I-2, the property boasts a single unit with convenient access via three overhead doors, including one equipped with a recessed, heated dock. The interior features two restrooms and three offices, offering versatile space adaptable to various storage or office needs. The asking price is $375,000, translating to $60.63 per square foot. This represents a Net NNN lease type, with the property currently vacant. The building sits on leased land, and the ground lease payment is incorporated into the associated dues. The property is ideal for distribution and warehouse operations, offering a functional layout and strategic location within Mesa County, Colorado. This is a single-unit offering, making it an attractive investment for owner-occupiers or investors seeking a straightforward, well-maintained industrial space. The property's features include ample space, convenient loading capabilities, and a flexible interior layout. The location in Grand Junction provides access to key transportation routes and a growing market. This is a turnkey opportunity to acquire a functional and profitable industrial asset.

    Property Features for 0 23 1/10 Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    6,185 SF

    Building Details

    Year Built
    2006
    Units
    1

    HighLights

    • 6,185 SF industrial condo in Grand Junction, CO, priced at $375,000 ($60.63/SF).
    • Built in 2006, zoned I‑2, with three overhead doors (one recessed, heated dock).
    • Features two restrooms and three offices; currently vacant, Net NNN lease.
    • Located at 702 23 1/10 Rd., Unit #D4, Grand Junction, CO 81505.
    • Ideal for distribution and warehouse operations; ground lease payment included in dues.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.6245467
    Latitude
    39.1067072

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    FAQs

    What type of property is this?
    Distribution property - 6,185 SF Warehouse Condo - Vacant
    Where is this distribution property located?
    The property is located at 23 1/10 Rd Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 6,185 SF industrial condo in Grand Junction, CO, priced at $375,000 ($60.63/SF).; Built in 2006, zoned I-2, with three overhead doors (one recessed, heated dock).; Features two restrooms and three offices; currently vacant, Net NNN lease.
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    23 1/10 Rd Grand Junction, CO 81505
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    Grand Junction, CO 81505
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    Realmo Value Estimation

    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.

    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.

    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
    23 1/10 Rd Grand Junction, CO 81505
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