1048 Independent Ave Grand Junction, CO 81505
Property profile & analytics
1048 Independent Ave, Grand Junction, CO 81505
- Office buildings
- 38,832 SF
- 4.04 lot acres
Property ID
US13-0878599
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ambassador Blind N' Shutter / (Bike/Boat/Book/etc) Store / Home Decor Store
- INDEPENDENCE PLAZA / Business Service Center / Corporate Office
- See You Laser / Spa & Massage Center / Alternative Medicine Practice
- Humboldt, Inc. / Corporate Office
- Landmark Staffing / Employment Agency
Property Details for 1048 Independent Ave
- Year built
- 1982
- Construction
- STEEL FRAME
- Lot size
- 4.04 lot acres
- Zone code
- C-2
- Property type
- Office buildings
- APN
- 2945-103-00-146
- APU
- 294510300146
Description
This exceptional flex space opportunity in Independence Plaza, Grand Junction, CO, offers a total of 66,658 square feet across two buildings. The property boasts three individual suites, with a minimum divisible space of 1,700 square feet and a maximum contiguous space of 1,700 square feet. Currently, 5,100 square feet are vacant, presenting an immediate opportunity for businesses seeking flexible space. Built in 1982 and renovated in 2018, the two-story complex sits on 4.04 acres of land and is zoned C-2. The property enjoys a high-visibility location directly across Highway 6&50 from Lowe's, Walmart, Hobby Lobby, and numerous restaurants, providing excellent exposure and convenient access. Its proximity to Sam's Club further enhances its strategic position within Grand Junction. While there are no loading docks or elevators, the property's layout is well-suited for a variety of businesses. Property taxes are $1.26 per square foot. This is a rare opportunity to secure prime commercial space in a thriving area. The property's location and flexible space options make it ideal for a range of businesses seeking a high-traffic, easily accessible location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,680,000
- ML approach
- $4,680,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,525,000
- 6.5%
- $6,020,000
- 7%
- $5,590,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,685,000
Market price range: $3.51M - $7.72M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $5,455,000 Current use
- COMMERCIAL (GENERAL)
- $6,880,000 Change: +26% Conversion: Easy
- WAREHOUSE, STORAGE
- $5,730,000 Change: +5% Conversion: Difficult
- RETAIL STORES
- $5,250,000 Change: -4% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $5,215,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.581
- Latitude
- 39.0819
- CBSA code
- 24300
- CBSA name
- GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$83,887
$121,770
$1,064,710
$1,186,480
-
$436,440
$3,816,170
$4,252,610
