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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2493 Hwy Grand Junction, CO 81505

1,500 SF 0.03 ac lot Built 1995
Property ID
Property summary
AI-generated overview

This exceptional 1,500-square-foot commercial condo, located at 2493 Highway 6 & 50, #22, Grand Junction, CO 81505, presents a compelling investment opportunity. Situated in the desirable Cottonwood Mall area, this Class B property boasts high visibility due to its Highway 6 & 50 frontage and offers a blend of retail and office space. Built in 1995, the single-story building features a private entrance, ample natural light from large windows, and a well-designed interior layout including a reception area, waiting room, break room, three offices/workstations, a washer/dryer room, and a private restroom with a shower. The unit also includes private climate controls and ADA accessibility. Recent updates encompass Breeze Aire cooling, a new drop ceiling, hot water heater, LVT flooring, updated lighting, fresh paint, and upgraded HVAC. The property includes 20 parking spaces, with convenient access from the west and south sides of the complex. The HOA manages exterior maintenance, including snow removal, parking lot maintenance, and liability insurance, as well as water, sewer, and trash services. The complex roof was replaced in 2018 with a 50-year warranty. Currently 100% occupied by a tenant since 2017 (lease expiring 05/31/2026), this property generates a strong NOI of $10,758, representing a 3.90% cap rate. The 0.03-acre lot is zoned CG. The asking price is $275,000. This turnkey investment offers a stable income stream with significant upside potential.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1995
Total area 1,500 SF
Lot 0.03 ac (1,307 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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