Office/Warehouse Flex
For Sale
$378,863
B105-1048 Independent Ave, Grand Junction, CO 81505
Combined office and warehouse areas include a private restroom and 14-foot overhead door.
Property Size1,669 SF
Price / SF$227
Days on Market12
Property Features for B105-1048 Independent Ave
General Information
Standard status
Active
Size
1,669 SF
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$80,750
Listing Agency:
RED COMPASS REALTY
(970) 261-9136
Listed By:
JACKSON BERRY · License #394
(970) 261-9136
Source:
Exprealty
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 8:16PM
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
Investment Insights
Based on property information with market context.
This 1,669 SF flex space combines a finished office component with an open warehouse area. The office portion includes 1 private office, newer carpet and paint, while the unit also provides 1 private restroom and a 14' overhead door serving the warehouse area.
Located at B105-1048 Independent Ave in Grand Junction, CO, the property offers a practical configuration for contractors, e-commerce operations, and distributors. The clean, functional layout supports both administrative work and storage or distribution activities within one unit.
Located at B105-1048 Independent Ave in Grand Junction, CO, the property offers a practical configuration for contractors, e-commerce operations, and distributors. The clean, functional layout supports both administrative work and storage or distribution activities within one unit.
Key Highlights
- 1,669 SF office/warehouse flex unit
- 1 private office with newer carpet and paint
- 1 private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,260
$348.3K
Cap Rate 7%
$248,757
$248.8K
Cap Rate 9%
$193,478
$193.5K
Market Conditions
NOI Build-Up for 1,669 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.0K $17.40/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$26.8K $16.05/SF
− OpEx
−$9.4K −$5.62/SF
NOI
$17.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,260
Cap Rate 7%
$248,757
Cap Rate 9%
$193,478
Alternative Uses
Best Use
Flex RnD
$248.8K
$217.7K – $290.2K
NOI $17,413 @ 7.0% cap · market cap 4.60%
Second Best
Office B
$225.3K
$197.2K – $262.9K
NOI $15,772 @ 7.0% cap · market cap 4.16%
Theoretical Best
Healthcare Medical
$3.17M
$2.77M – $3.70M
NOI $221,710 @ 7.0% cap · market cap 58.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Combined office and warehouse areas include a private restroom and 14-foot overhead door.
Where is this flex space located?
The property is located at B105-1048 Independent Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $378,863.
What are key features of this property?
This property features: 1,669 SF office/warehouse flex unit; 1 private office with newer carpet and paint; 1 private restroom
