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2515 Foresight Cir Grand Junction, CO 81505

Medical Office Space Google Maps
40,021 SF 1.73 ac lot Built 1978
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$685k
Range $617k – $754k (±10%)
Property ID US13-0841933

Property summary

AI-generated overview

This exceptional Grand Junction, CO medical office building at 2515 Foresight Circle offers a prime opportunity for medical or professional tenants. The property, situated on a 1.75-acre lot, boasts a total of 33,982 square feet across two stories, built in 1978 and extensively renovated in 2021. Multiple tenancy options are available, with a minimum divisible space of 1,888 square feet and a maximum contiguous space of 2,598 square feet. Currently, 4,486 square feet is vacant and ready for immediate occupancy. The building features ample parking with 50 spaces and benefits from 3-phase power. The I-O zoning allows for a variety of uses. The property's APN is 2945-033-07-021, located in Mesa County, CO, zip code 81505. A former gym space on the first floor presents unique possibilities for adaptive reuse, potentially suitable for a restaurant, medical practice, or other professional office. The space is currently listed as a vanilla shell unit, with tenant improvement allowances available. This is an excellent opportunity to secure modern, well-maintained office space in a desirable location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1978
Construction STEEL FRAME
Total area 40,021 SF
Lot 1.73 ac (75,359 SF)
Zoning code I-O
APN 2945-033-07-021
UPID US13-0841933

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Medical Clinic Physician
  • Physician Medical Clinic
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$685k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.52M
Blend (final) Blend
$685k

Owner & transaction history

since 2019
7 recorded transactions
2022
Price N/A
2020
Price N/A
2019
Price N/A
2019
$1.8M
2012
Price N/A
2005
$3.3M
1998
Price N/A

Zoning & alternative use

I-O · Grand Junction, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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