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Property profile & analytics
FOR LEASE
Flex space

507 Fruitvale Ct Grand Junction, CO 81504

11,488 SF 0.64 ac lot Built 1981
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US13-0102736
Property summary
AI-generated overview

This exceptional 8,800-square-foot industrial property, located at 507 Fruitvale Court in Grand Junction, Colorado, presents a compelling owner-user or investment opportunity. The property, built in 1981, sits on a 1.17-acre lot and features a single-story building with a 12-foot ceiling height. The property includes five loading docks and ample parking for 20 vehicles. It's zoned PUD and boasts convenient access to I-70B, situated within a light industrial park. The property consists of two units. Unit A, currently leased, has a tenant with a lease expiring November 2024, including two three-year renewal options. The lease is a modified gross lease at $2,600 per month plus utilities. Unit C, encompassing 4,800 square feet, is vacant and ready for immediate occupancy. This unit offers 1,000 square feet of well-appointed office and showroom space, along with 3,800 square feet of warehouse space, including a mezzanine, two overhead doors, and three-phase power. The asking price for this multi-tenant property is $1,150,000. The property's APN is 2943-093-53-037, 2943-093-53-015, and 2943-093-53-016. This property offers a blend of immediate income and future development potential, making it an attractive option for discerning investors and owner-users alike.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1981
Construction STEEL FRAME
Total area 11,488 SF
Lot 0.64 ac (28,000 SF)
Zoning code PD
APN 2943-093-53-037
UPID US13-0102736
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
  • Real Integrity Paint Auto Body Auto Repair Shop
  • K&D Construction, Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$901k
Blend (final) Blend
$885k
Owner & transaction history
Kevin Molick LLC · 4 yrs held
Kevin Molick LLC
since 2022
Last sale
$883,500
7 recorded transactions
2022
$883,500
2007
$925,000
2004
Price N/A
2002
$485,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PD · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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