Property profile & analytics
562 Crete Cir Grand Junction, CO 81505-6959
- Flex space
- 10,716 SF
- 1.01 lot acres
OFF-MARKET
Last Sale
Jun 22, 2020
Jun 22, 2020
Value Estimations
$1,230,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US13-2015998
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
- Constructive / General Contractor
- LQ Portable Potty Solutions / Building Supply
- Cadblu, Inc / Corporate Office
- Trinity Glass / General Contractor / Renovation Specialist
- Concrete Color & Design / Construction Company / General Contractor
Property Details for 562 Crete Cir
- Year built
- 2005
- Construction
- STEEL FRAME
- Lot size
- 1.01 lot acres
- Property size
- 10,716 SF
- Zone code
- C-2
- Property type
- Flex space
- APN
- 2945-102-71-001
- APU
- 294510271001
Description
This exceptional 3,000 square-foot executive office condo, located at 562 W Crete Circle in Mesa County, presents a unique investment opportunity. Situated on a 1.05-acre lot, this single-tenant property boasts a total building size of 12,730 square feet, with 7,750 square feet currently vacant. The building is a single-story structure featuring 20 parking spaces, providing ample convenience for employees and clients. The unit itself includes a well-designed office area and restroom facilities. High-speed fiber optics are available, ensuring seamless connectivity for modern business operations. The property is zoned I-1 and has a 3-phase power supply, catering to a variety of business needs. The property's APN is 2945-102-71-001. Its strategic location just off 25 Road and Pinyon Avenue offers excellent accessibility and visibility. The current net-net-net (NNN) lease rate is $2 per square foot. This presents a compelling opportunity for businesses seeking a well-equipped, conveniently located, and readily available office space in a thriving Mesa County area. The combination of ample space, modern amenities, and a desirable location makes this property an attractive investment. The significant vacant space offers potential for expansion or subleasing, further enhancing its investment potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,375,000
- 6.5%
- $1,270,000
- 7%
- $1,180,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,433,000
- AI Estimate
- $991,000
Market price range: $1.04M - $1.94MMarket price range: $463k - $1.44M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,440,000 Current use
- COMMERCIAL (GENERAL)
- $1,900,000 Change: +32% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,580,000 Change: +10% Conversion: Easy
- OFFICE BUILDING
- $1,505,000 Change: +5% Conversion: Difficult
- RETAIL STORES
- $1,450,000 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
- -108.583
- Latitude
- 39.0867
- 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
$21,962
$50,690
$259,940
$310,630
-
$181,700
$931,680
$1,113,380
