Warehouse with Front
For Sale
$189,000
F-2477 Commerce Blvd, Grand Junction, CO 81505
Includes a front office with kitchenette and restroom, plus a separate warehouse bay with a 10' overhead door.
Property Size961 SF
Price / SF$196.67
Days on Market87
Property Features for F-2477 Commerce Blvd
General Information
Standard status
Active
Size
961 SF
Additional Details
Drive-In Doors
1
Listing Agency:
Coldwell Banker Commercial Prime Properties LLC
(970) 244-6602
Listed By:
Michael Foster · License #IA40011873
(970) 244-6602
Source:
Exprealty
Added: May 13
Changed: Jul 10
Last Checked: Jul 31 at 5:30PM
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 Coldwell Banker Commercial Prime Properties LLC
Investment Insights
Based on property information with market context.
This property is configured with a front office area, supported by a back kitchenette and restroom. The balance of the space is a separate warehouse area, providing a distinct work/storage component for day-to-day operations.
The available warehouse configuration includes a 10' overhead door, which supports practical loading and access for equipment and inventory. The site is identified on Commerce Blvd in Grand Junction, CO.
For buyers seeking a compact live-work style setup or a small operator footprint, the combination of office support space and a dedicated warehouse bay can fit a range of light industrial and service uses. The separate warehouse with overhead access is well-suited for storage and routine distribution while keeping administrative functions in the front office area.
The available warehouse configuration includes a 10' overhead door, which supports practical loading and access for equipment and inventory. The site is identified on Commerce Blvd in Grand Junction, CO.
For buyers seeking a compact live-work style setup or a small operator footprint, the combination of office support space and a dedicated warehouse bay can fit a range of light industrial and service uses. The separate warehouse with overhead access is well-suited for storage and routine distribution while keeping administrative functions in the front office area.
Key Highlights
- Front office area with kitchenette and restroom
- Separate warehouse bay with a 10' overhead door
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
$10,027
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
5.31%
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%
$200,540
$200.5K
Cap Rate 7%
$143,243
$143.2K
Cap Rate 9%
$111,411
$111.4K
Market Conditions
NOI Build-Up for 961 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
$16.7K $17.40/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$15.4K $16.05/SF
− OpEx
−$5.4K −$5.62/SF
NOI
$10.0K $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%
$200,540
Cap Rate 7%
$143,243
Cap Rate 9%
$111,411
Alternative Uses
Best Use
Flex RnD
$143.2K
$125.3K – $167.1K
NOI $10,027 @ 7.0% cap · market cap 5.31%
Second Best
Office B
$129.7K
$113.5K – $151.4K
NOI $9,081 @ 7.0% cap · market cap 4.80%
Theoretical Best
Healthcare Medical
$1.82M
$1.60M – $2.13M
NOI $127,659 @ 7.0% cap · market cap 67.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,668
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
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Frequently Asked Questions
What type of property is this?
Flex space - Includes a front office with kitchenette and restroom, plus a separate warehouse bay with a 10' overhead door.
Where is this flex space located?
The property is located at F-2477 Commerce Blvd Grand Junction, CO.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Front office area with kitchenette and restroom; Separate warehouse bay with a 10' overhead door
