2275 Logos Ct, Unit 22 Grand Junction, CO 81505
- Flex space
- 15,022 SF
- 3.03 lot acres
Current Use by Public Records
- Wood / Engineering Consultant / Environmental Consultant
Property Details for 2275 Logos Ct
- Year built
- 2000
- Construction
- STEEL FRAME
- Lot size
- 3.03 lot acres
- Property size
- 15,022 SF
- Zone code
- I-2
- Property type
- Flex space
- APN
- 2701-314-02-003
- APU
- 270131402003
Description
This exceptional Grand Junction office property, located at 2275 Logos Ct, Unit B (cross streets: 23 ½ & Logos Court), offers five meticulously renovated office spaces for lease. The building, constructed in 2000, is a Class B, two-story structure encompassing 15,022 square feet situated on a 3-acre lot. Currently, only 144 square feet are vacant, with the available spaces ranging from 108 to 144 square feet. The property features separate men's and women's restrooms on each floor, along with individual thermostat controls for climate customization. A shared first-floor breakroom provides convenience, equipped with cabinetry, a sink, refrigerator, microwave, and seating for six. The building is zoned I-1 and is located in Mesa County, Colorado, zip code 81505. The lease is a gross lease, with internet and phone services not included. This well-maintained property presents a fantastic opportunity for small businesses seeking efficient and attractive office space in a desirable Grand Junction location. No elevators are present in this building.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,085,000
- ML approach
- $2,230,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,930,000
- 6.5%
- $1,780,000
- 7%
- $1,650,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,074,000
- AI Estimate
- $1,434,000
Market price range: $1.46M - $2.72MMarket price range: $649k - $2.02M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $2,015,000 Current use
- RESTAURANT
- $3,280,000 Change: +62% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,660,000 Change: +32% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,215,000 Change: +10% Conversion: Easy
- OFFICE BUILDING
- $2,110,000 Change: +5% Conversion: Difficult
- RETAIL STORES
- $2,030,000 Change: +1% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.631
- Latitude
- 39.1103
- CBSA code
- 24300
- CBSA name
- GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
