Second-Floor Office
For Sale
$149,820
B203-1048 Independent Ave, Grand Junction, CO 81505
Flexible office layout with a private office and additional storage or flex space.
Property Size655 SF
Price / SF$228.73
Days on Market58
Property Features for B203-1048 Independent Ave
General Information
Standard status
Active
Size
655 SF
Elevators
No
Additional Details
Floor
2
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 13
Last Checked: Oct 15 at 4:14AM
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 655-square-foot office condo occupies the second floor and is accessed by stairs. The interior combines an open-concept main workspace with a separate enclosed office, creating distinct areas for general operations and private work. An additional storage or flex room adds functional support space within the suite.
The property is located at B203-1048 Independent Ave in Grand Junction, Colorado. Its compact configuration offers a defined commercial setting for an office user seeking both shared workspace and enclosed rooms.
The property is located at B203-1048 Independent Ave in Grand Junction, Colorado. Its compact configuration offers a defined commercial setting for an office user seeking both shared workspace and enclosed rooms.
Key Highlights
- 655‑square‑foot second‑floor office condo
- Open‑concept main workspace
- Fully enclosed private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,190
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,800
$123.8K
Cap Rate 7%
$88,429
$88.4K
Cap Rate 9%
$68,778
$68.8K
Market Conditions
NOI Build-Up for 655 SF
Gross rent
$11.8K $18.00/SF
− Vacancy
−$3.5K −$5.40/SF
EGI
$8.3K $12.60/SF
− OpEx
−$2.1K −$3.15/SF
NOI
$6.2K $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%
$123,800
Cap Rate 7%
$88,429
Cap Rate 9%
$68,778
Alternative Uses
Best Use
Office B
$88.4K
$77.4K – $103.2K
NOI $6,190 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.24M
$1.09M – $1.45M
NOI $87,010 @ 7.0% cap · market cap 58.08%
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 units - Flexible office layout with a private office and additional storage or flex space.
Where is this office units located?
The property is located at B203-1048 Independent Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $149,820.
What are key features of this property?
This property features: 655‑square‑foot second‑floor office condo; Open‑concept main workspace; Fully enclosed private office
