Flex Space with 14-Foot Overhead
B104-1048 Independent Avenue, Grand Junction, CO 81505
For Sale
$372,507
The unit combines an open-plan office, private restroom, and warehouse area with a resurfaced floor.
Property Size1,641 SF
Price / SF$227
Days on Market17
Property Features for B104-1048 Independent Avenue
General Information
Standard status
Size
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
RED COMPASS REALTY
(970) 245-7237
Listed By:
JACKSON BERRY
(970) 261-9136
Source:
Exprealty
Added: Oct 28
Changed: Nov 12
Last Checked: Nov 12 at 2:49PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex unit contains 1,641 square feet, with an open-plan office area, one private restroom, and warehouse space. A recently resurfaced floor and 14-foot overhead door are among its physical features.
Key Highlights
- 1,641‑square‑foot flex unit
- 14‑foot overhead door
- Open‑plan office area and one private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,121
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,420
$342.4K
Cap Rate 7%
$244,586
$244.6K
Cap Rate 9%
$190,233
$190.2K
Market Conditions
NOI Build-Up for 1,641 SF
Gross rent
$28.6K $17.40/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$26.3K $16.05/SF
− OpEx
−$9.2K −$5.62/SF
NOI
$17.1K $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%
$342,420
Cap Rate 7%
$244,586
Cap Rate 9%
$190,233
Alternative Uses
Best Use
Flex RnD
$244.6K
$214.0K – $285.4K
NOI $17,121 @ 7.0% cap · market cap 4.60%
Second Best
Warehouse
$219.2K
$191.8K – $255.7K
NOI $15,343 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$344.5K
$301.4K – $401.9K
NOI $24,115 @ 7.0% cap · market cap 6.47%
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
Well-served
Demand for This Use
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
Properties on Market for Flex space in Grand Junction
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- That's Legit! Catering Services — 742 Grand Ave, Grand Junction, CO 81501
- Lucky Thai LLC — 310 N 7th St, Grand Junction, CO 81501
- Chef Michaels Signature Blends — 2536 Rimrock Ave, Grand Junction, CO 81505
- USCA Chef Association — 2536 Rimrock Ave, Grand Junction, CO 81505
- Eglantine Catering — 104 Orchard Ave, Grand Junction, CO 81501
Frequently Asked Questions
What type of property is this?
Flex space - The unit combines an open-plan office, private restroom, and warehouse area with a resurfaced floor.
Where is this flex space located?
The property is located at B104-1048 Independent Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $372,507.
What are key features of this property?
This property features: 1,641‑square‑foot flex unit; 14‑foot overhead door; Open‑plan office area and one private restroom
