Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2938 North Ave Grand Junction, CO 81504
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2938 North Ave Grand Junction, CO 81504

    View on Map
    • Land
    • 0.27 lot acres
    For Sale
    $250,000
    View Listing →
    Grand Junction Commercial Land Parcel For Sale
    $250,000

    Grand Junction Commercial Land Parcel

    Prime 0.272-acre commercial lot

    2938 North Ave, Grand Junction, CO 81504
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Charley's Cookies / Restaurant
    • Perdita's Coffee / Cafe & Coffee Shop
    • Professional Business Solution / Employment Agency
    • Rebecca Ely / Foster Care Service / Social Service Agency
    • Connection Church / Church

    Property Details for 2938 North Ave

    Lot size
    0.27 lot acres
    Property type
    Land

    Description

    This exceptional 0.272-acre commercial land parcel is ideally situated in Grand Junction, Colorado, at 2938 North Ave, zip code 81504. The property boasts excellent visibility and convenient access to I-70 Business Route, a key advantage for businesses seeking high traffic exposure. Its location places it in close proximity to established retailers such as Habitat for Humanity, Big O Tires, and Walmart, ensuring a strong customer base and synergistic business environment. The asking price for this development-ready site is $250,000. This represents a significant opportunity for investors and developers looking to capitalize on the thriving commercial landscape of Grand Junction. The property's size and strategic location make it suitable for a variety of commercial ventures, offering considerable potential for return on investment. The address is easily accessible and well-suited for a range of commercial uses. Mesa County provides a stable and growing market for commercial development. This is a rare opportunity to acquire a prime commercial lot in a high-demand area. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.507
    Latitude
    39.0782

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      3145 1/2 Rd

      Land • 1.40 Acres
      3145 1/2 Rd, Grand Junction, CO 81504
      View Details
    • Value Estimation by Request
      0.60 Acres

      3145 1/2 Rd

      Retail properties & Spaces • 0.60 Acres
      3145 1/2 Rd, Grand Junction, CO 81504
      View Details
    • Value Estimation by Request
      4.20 Acres

      Tbd Rd

      Land • 4.20 Acres
      0 Tbd Rd, Grand Junction, CO 81504
      View Details
    • Value Estimation by Request
      0.27 Acres

      2938 North Ave

      Land • 0.27 Acres
      2938 North Ave, Grand Junction, CO 81504
      View Details
    • Value Estimation by Request
      2.37 Acres

      2901 Teller Ave

      Land • 2.37 Acres
      2901 Teller Ave, Grand Junction, CO 81504
      View Details
    • Value Estimation by Request
      0.81 Acres

      3145 1/2 Rd

      Land • 0.81 Acres
      3145 1/2 Rd, Grand Junction, CO 81504
      View Details

    Similar Nearby for Sale

    • $250,000
      0.27 Acres

      Grand Junction Commercial Land Parcel

      Prime 0.272-acre commercial lot
      2938 North Ave, Grand Junction, CO 81504
      View Details
    • $950,000

      2.2 AC Land For Sale

      2.2 AC land in quickly developing area, RM12 zoning.
      377 29 Rd, Grand Junction, CO 81504
      View Details
    • $495,000

      Commercial Corner Lot For Sale

      Developing commercial corner lot connecting residential area with business districts.
      2910 Acre, Fruitvale, CO 81504
      View Details
    • $599,900
      2.21 Acres

      Grand Junction Land with Redevelopment Potential

      2-acre parcel with redevelopment potential and existing livable residence.
      571 29 Rd, Grand Junction, CO 81504
      View Details
    • $795,000
      2.37 Acres

      Grand Junction Commercial Land Available

      2.37 acre commercial land with I-70 access.
      2901 Teller Ave, Grand Junction, CO 81504
      View Details
    • $975,000
      9.15 Acres

      Grand Junction Land Subdivision Opportunity

      9.15 acre land parcel for residential development.
      31 5/8 Rd, Grand Junction, CO 81504
      View Details

    Similar Nearby for Lease

    • $4,233 /Mo

      Renovated Retail Space on North

      Fully renovated retail space with high visibility on North Avenue.
      2923 North Ave, Grand Junction, CO 81504
      View Details
    • $7,894 /Mo
      11,144 SF

      Warehouse Space in Grand Junction

      Warehouse space with loading dock, office, and restroom.
      31 5/8 Rd, Grand Junction, CO 81504
      View Details
    • $1,080 /Mo
      7,200 SF

      Updated Office Suite on Patterson

      Recently updated office suite with natural light and private offices.
      3026 Patterson Rd, Grand Junction, CO 81504
      View Details
    • $6,000 /Mo
      5,846 SF

      Versatile Commercial Condo in Grand Junction

      Spacious condo with flexible layout, suitable for various uses.
      2938 North Ave, Grand Junction, CO 81504
      View Details
    • $17,000 /Mo
      17,000 SF

      Grand Junction Commercial Shop For Rent

      Commercial shop with drive-thru doors and crane in Grand Junction.
      31 5/8 Rd, Grand Junction, CO 81504
      View Details
    • $4,167 /Mo
      4,000 SF

      Grand Junction Flex Space Available

      4,000 SF flex space with warehouse and office areas.
      507 Fruitvale Ct, Grand Junction, CO 81504
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2938 North Ave
    Grand Junction, CO 81504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!