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    403 Kennedy Ave Grand Junction, CO 81501

    Sponsored
    For Sale
    $875,000

    Multi-tenant office building, 4,590 SF, 6.10% cap rate.

    Property size:
    4,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Grand Junction investment opportunity presents a 4,590-square-foot, multi-tenant office building situated on 0.33 acres at 403 Kennedy Ave, 81501. The property, built in 1956 and extensively renovated in 2018, boasts five leased units with 100% occupancy, generating a 6.10% capitalization rate based on net operating income. The building features 20 parking spaces and is conveniently located on Sherwood Park. Interior and exterior renovations in 2018 included major mechanical upgrades, ADA-compliant bathrooms and entrances. The MU-1 zoning allows for a variety of uses (refer to associated documents for details). This is an owner-user opportunity, allowing for the potential to occupy one or more units while continuing to lease the remaining space. The asking price is $875,000. No signage or community improvement district (CID) fees are associated with this property. Showings are by appointment only.

    Property Features for 403 Kennedy Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,590 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built/Renovated
    1956/2018
    Buildings
    1

    HighLights

    • 4,590 SF multi‑tenant office building on 0.33 acres at 403 Kennedy Ave, Grand Junction, CO 81501.
    • Five leased units with 100% occupancy and a 6.10% capitalization rate.
    • 20 parking spaces on Sherwood Park.
    • Extensive renovations in 2018, including major mechanical upgrades, ADA‑compliant bathrooms and entrances.
    • MU‑1 zoning; owner‑user opportunity.
    • Asking price: $875,000. No signage or CID fees. Showings by appointment only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Benak Susan G ... Dentist Cary Jeannine M Massage Therapist Farmers Union Insurance: ... Insurance Agency Farmers Union Insurance: ... Insurance Agency Columbine Realty & Property ... Property Management Company

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.5659842886
    Latitude
    39.079902546574

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant office building, 4,590 SF, 6.10% cap rate.
    Where is this individual retail property located?
    The property is located at 403 Kennedy Ave Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 4,590 SF multi-tenant office building on 0.33 acres at 403 Kennedy Ave, Grand Junction, CO 81501.; Five leased units with 100% occupancy and a 6.10% capitalization rate.; 20 parking spaces on Sherwood Park.
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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
    403 Kennedy Ave Grand Junction, CO 81501
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