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Property profile & analytics
FOR LEASE
Office buildings

1048 Independent Ave Grand Junction, CO 81505

38,832 SF 4.04 ac lot Built 1982
Entity Owned ~ Est. High Equity
Property ID
US13-0878599
1048 Independent Ave, Grand Junction, CO 81505 For Lease
$13.75 SF/Yr 3,400 SF available
1048 Independent Ave, Grand Junction, CO 81505
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1982
Construction STEEL FRAME
Total area 38,832 SF
Lot 4.04 ac (175,982 SF)
Zoning code C-2
APN 2945-103-00-146
UPID US13-0878599
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.68M
CAP Approach CAP
$6.02M
Comparable Approach Comparable
$3.69M
Blend (final) Blend
$4.68M
Owner & transaction history
1048 Independent LLC
1048 Independent LLC
since 2025
Last sale
$4.7M
4 recorded transactions
2025
$5.5M
2024
$4.7M
2023
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.9M +26.1%
Warehouse, storage $5.7M +5.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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