Versatile Commercial Property on 32
For Sale
Contact for pricing
3199 Hall Avenue, Grand Junction, CO 81504
Main shop, retail space, fenced yard, locked shop, high visibility.
Property Size3,000 SF
Price / SF$141.67
Days on Market906
Property Features for 3199 Hall Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Zoning
C-2
Building Details
Year Built
1981
Listing Agency:
Keller Williams Colorado West Realty LLC
Listed By:
Tina Hulihee · License #CO
(970) 201-0941
Source:
Crexi
Added: Apr 18, 2024
Changed: Aug 22
Last Checked: Aug 14 at 5:59AM
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 Keller Williams Colorado West Realty LLC
Investment Insights
Based on property information with market context.
This commercial property features a main shop and an extra retail space. It is complemented by a fenced side yard and an additional locked-up shop in the back. Located on the busy 32 Road, the property offers high visibility. Its versatile layout and strategic positioning make it suitable for business operations. The property is extremely close to both I-70 and Highway 50. The property size is 3000 square feet.
Key Highlights
- High visibility location on busy 32 Road.
- Includes a main shop and an extra retail space.
- Features a fenced side yard.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,300
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,000
$626.0K
Cap Rate 7%
$447,143
$447.1K
Cap Rate 9%
$347,778
$347.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$52.2K $17.40/SF
− Vacancy
−$4.0K −$1.35/SF
EGI
$48.2K $16.05/SF
− OpEx
−$16.9K −$5.62/SF
NOI
$31.3K $10.43/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,000
Cap Rate 7%
$447,143
Cap Rate 9%
$347,778
Alternative Uses
Best Use
Flex RnD
$447.1K
$391.3K – $521.7K
NOI $31,300 @ 7.0% cap · market cap 7.36%
Second Best
Industrial
$330.0K
$288.8K – $385.0K
NOI $23,100 @ 7.0% cap · market cap 5.44%
Theoretical Best
Healthcare Medical
$5.69M
$4.98M – $6.64M
NOI $398,520 @ 7.0% cap · market cap 93.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Main shop, retail space, fenced yard, locked shop, high visibility.
Where is this flex space located?
The property is located at 3199 Hall Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: High visibility location on busy 32 Road.; Includes a main shop and an extra retail space.; Features a fenced side yard.
