Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2304 Interstate Ave Grand Junction, CO 81505-9439

    • Flex space
    • 9,600 SF
    • 4.29 lot acres
    OFF-MARKET
    Last Sale
    Dec 07, 2024
    $1,775,000
    Value Estimations
    $1,605,000
    Show details
    Cap Rate Potential
    4.7%
    Flex space
    Location Intelligence
    Property ID
    US13-2529536
    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.

    Current Use by Public Records

    • Flexpipe Systems / Factory / Metal Fabrication Plant

    Property Details for 2304 Interstate Ave

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    4.29 lot acres
    Property size
    9,600 SF
    Zone code
    I-1
    Property type
    Flex space
    APN
    2701-323-02-020
    APU
    270132302020

    Description

    This exceptional 9,600-square-foot industrial property, located at 2304 Interstate Ave in Grand Junction, Colorado, presents a unique investment opportunity. Built in 1975, this single-story building sits on a 4.23-acre lot and is zoned I-1. The property features a blend of office and warehouse space, ideal for a variety of businesses. The office area encompasses 4,640 square feet, offering 13-16 individual suites, providing flexibility for various tenants or internal departments. The warehouse component comprises 4,960 square feet and boasts six overhead doors – three on the east side, one on the north, and two on the west – facilitating efficient loading and unloading. The property is currently vacant, allowing for immediate occupancy and customization to suit specific operational needs. Its convenient location near Interstate 70 ensures excellent accessibility and visibility. The property's APN is 2701-323-02-020, and the asking price is $1,891,640. This property offers a compelling combination of office and warehouse space in a desirable location, making it an attractive investment prospect. The spacious layout and strategic location provide significant potential for growth and profitability. The ample lot size also offers potential for future expansion or development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,565,000
      ML approach
      $1,530,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,230,000
      6.5%
      $1,135,000
      7%
      $1,055,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,737,000
      Market price range: $936k - $1.74M
      AI Estimate
      $1,242,000
      Market price range: $415k - $1.29M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,290,000
      Current use
      RESTAURANT
      $2,095,000
      Change: +62% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,700,000
      Change: +32% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,415,000
      Change: +10% Conversion: Easy
      OFFICE BUILDING
      $1,350,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $1,295,000
      Change: +1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.626
    Latitude
    39.1129
    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
    $27,521
    $208,550
    $180,700
    $389,250
    -
    $747,490
    $647,670
    $1,395,160

    Comparable in this City

    • Value Estimation
      $630,000
      5,332 SF

      588 Commercial Dr

      LIGHT INDUSTRIAL • 5,332 SF
      588 Commercial Dr, Grand Junction, CO 81505-6915
      View Details
    • Value Estimation
      $590,000
      4,455 SF

      2527 Pinyon Ave

      LIGHT INDUSTRIAL • 4,455 SF
      2527 Pinyon Ave, Grand Junction, CO 81505-6914
      View Details
    • Value Estimation
      $500,000
      1,200 SF

      2173 Riv Rd

      LIGHT INDUSTRIAL • 1,200 SF
      2173 Riv Rd, Grand Junction, CO 81505-9407
      View Details
    • Value Estimation
      $1,570,000
      23,197 SF

      2387 Riv Rd

      LIGHT INDUSTRIAL • 23,197 SF
      2387 Riv Rd, Grand Junction, CO 81505-1348
      View Details
    • Value Estimation
      $1,110,000
      6,144 SF

      777 Vly Ct

      LIGHT INDUSTRIAL • 6,144 SF
      777 Vly Ct, Grand Junction, CO 81505-9714
      View Details
    • Value Estimation
      $525,000
      6,400 SF

      2510 Weslo Ave

      LIGHT INDUSTRIAL • 6,400 SF
      2510 Weslo Ave, Grand Junction, CO 81505-6926
      View Details

    Similar Nearby for Sale

    • $550,000
      1.64 Acres

      Grand Junction Commercial Opportunity

      Located in Foresight Park, suitable for various commercial uses.
      625 Hollingsworth St, Grand Junction, CO 81505
      View Details
    • $195,000
      1.02 Acres

      Bond Street Industrial Land Parcel

      1.02-acre I-1 zoned lot, Grand Junction, CO.
      2134 Bond St, Grand Junction, CO 81505
      View Details
    • $650,000
      3,570 SF

      Grand Junction Warehouse - $650K

      3,570 SF Warehouse, Ideal Location
      2508 Weslo Ave, Grand Junction, CO 81505
      View Details
    • $375,000
      6,185 SF

      Grand Junction Warehouse: Prime Location

      6,185 SF Warehouse Condo - Vacant
      0 23 1/10 Rd, Grand Junction, CO 81505
      View Details
    • $375,000

      Industrial Warehouse Condo For Sale

      6,185 SF industrial warehouse condo with tenant in place.
      702 23 1/10 Rd, Grand Junction, CO 81505
      View Details
    • $3,850,000
      12.00 Acres

      Grand Junction Industrial Land Sale

      12-Acre Commercial/Industrial Lot, I-70 Visibility
      2211 Hallco Dr, Grand Junction, CO 81505
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo
      2,300 SF

      Grand Junction Flex Space Available

      2,300 SF flex space ideal for small service business.
      21 1/2 Rd, Grand Junction, CO 81505
      View Details
    • $14 SF/Yr
      66,658 SF

      Independence Plaza: Flex Space Available

      Grand Junction Flex Space: Prime Location, 3 Suites
      1048 Independent Ave, Grand Junction, CO 81505
      View Details
    • $53,640
      35,760 SF

      New Industrial Space Available

      Modern industrial suites for lease in Grand Junction, Colorado.
      1600 Las Colonias Dr, Grand Junction, CO 81505
      View Details
    • New
      $1,900 /Mo
      12,000 SF

      Grand Junction Office/Warehouse Space

      Office/warehouse space with overhead door and highway access.
      554 25 Rd, Grand Junction, CO 81505
      View Details
    • $2,500 /Mo
      2,500 SF

      Riverside Parkway Office/Warehouse Space

      Functional office and accessible warehouse space in Grand Junction, CO.
      2479 Riverside Pkwy, Grand Junction, CO 81505
      View Details
    • $1,800 /Mo
      1,493 SF

      Grand Junction Office/Warehouse Space

      Office and warehouse space available March 1, 2026.
      784 Valley Ct, Grand Junction, CO 81505
      View Details
    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.
    2304 Interstate Ave
    Grand Junction, CO 81505-9439
    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!