Second-Floor Office
For Sale
$150,955
A206-1048 Independent Avenue, Grand Junction, CO 81505
Second-floor office condo with an open work area, private office, and large windows.
Property Size665 SF
Price / SF$227
Days on Market63
Property Features for A206-1048 Independent Avenue
General Information
Standard status
Active
Size
665 SF
Additional Details
Floor
Second Floor
Taxes and HOA fees
Annual Taxes
$80,750
Listing Agency:
RED COMPASS REALTY
(970) 245-7237
Listed By:
JACKSON BERRY · License #394
(970) 261-9136
Source:
Exprealty
Added: Aug 20
Changed: Oct 12
Last Checked: Oct 20 at 10:17PM
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 RED COMPASS REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 665-square-foot office condo occupies the second floor of the building and is accessed by stairs. The interior combines an open-concept work area with a separate enclosed office, providing both shared workspace and private room for focused work. Large windows bring natural light into the suite and support a bright interior environment.
The property is located at A206-1048 Independent Avenue in Grand Junction, Colorado. Its compact layout and combination of open and enclosed areas provide a straightforward office configuration for an owner-user or business occupant.
The property is located at A206-1048 Independent Avenue in Grand Junction, Colorado. Its compact layout and combination of open and enclosed areas provide a straightforward office configuration for an owner-user or business occupant.
Key Highlights
- 665‑square‑foot second‑floor office condo
- Open‑concept main workspace
- Fully enclosed private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,284
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$125,680
$125.7K
Cap Rate 7%
$89,771
$89.8K
Cap Rate 9%
$69,822
$69.8K
Market Conditions
NOI Build-Up for 665 SF
Gross rent
$12.0K $18.00/SF
− Vacancy
−$3.6K −$5.40/SF
EGI
$8.4K $12.60/SF
− OpEx
−$2.1K −$3.15/SF
NOI
$6.3K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$125,680
Cap Rate 7%
$89,771
Cap Rate 9%
$69,822
Alternative Uses
Best Use
Office B
$89.8K
$78.6K – $104.7K
NOI $6,284 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,339 @ 7.0% cap · market cap 58.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 81505, CO
11,791
Population
5,379
Households
2.2
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
72.1 sq mi
ZIP Area
164
Density / Sq Mi
$87,677
Median Household Income
$46,560
Median Earnings
$1,424
Median Rent
$436,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office condo with an open work area, private office, and large windows.
Where is this office unit located?
The property is located at A206-1048 Independent Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $150,955.
What are key features of this property?
This property features: 665‑square‑foot second‑floor office condo; Open‑concept main workspace; Fully enclosed private office
