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    604 25th Rd Grand Junction, CO 81505-1202
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    Property profile & analytics

    604 25th Rd, Grand Junction, CO 81505-1202

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    • Office buildings
    • 11,034 SF
    • 0.98 lot acres
    Off-Market
    Last Sale Feb 11, 2025
    Property ID
    US13-0890437
    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.
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dave Shepard / Loan Service / Bank
    • Jack O’Neal - The Jack O'Neal Team Academy Mortgage / Loan Service / Bank
    • Zach Pomeroy - Academy Mortgage / Loan Service / Bank
    • Gastroenterology Associates of Western Colorado: Masi Khaja, MD / Physician
    • Logan Harrison - Academy Mortgage / Loan Service / Bank

    Property Details for 604 25th Rd

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    0.98 lot acres
    Zone code
    I-O
    Property type
    Office buildings
    APN
    2945-033-07-027
    APU
    294503307027

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 11, 2025 — City Of Grand Junction Drk Investing LLC Warranty Deed —
    Dec 10, 2019 — Drk Investing LLC — Deed · related $974k · Bank Of The West
    Jan 24, 2012 $740,000 Drk Investing LLC Hrb Partnership LLP Warranty Deed $550k · Bank Of The West
    — — Drk Investing LLC — Deed Of Trust · related $529k · Bank Of The West
    — — Drk Investing LLC — Deed Of Trust · related $974k · Bank Of The West
    — — Drk Investing LLC — Loan Modification · related $900k · Bank Of The West
    — — Drk Investing LLC — Deed Of Trust · related $240k · Bank Of The West
    — — H R B Partnership — Deed Of Trust · related $80k · Mesa National Bank
    — — Hrb Partnership — Deed Of Trust · related $100k · American National Bank & Trust

    Description

    This exceptional 5,000-square-foot executive office space is ideally situated in Grand Junction, Colorado, at the corner of 25 Road and Patterson Road, a major east-west thoroughfare leading to Mesa Mall. Located on the main level of a landmark building, this single-tenant space boasts an attractive finish and benefits from abundant natural light due to its excellent southern exposure, contributing to a passive solar design. The building is in excellent condition. Parking is shared with a medical tenant on the lower level. This presents a unique opportunity for businesses seeking a prominent location with high visibility. The space is immediately available. For businesses requiring more space, an additional 5,000 square feet on the lower level may be available, bringing the total leasable area to 10,000 square feet. The property is in the NW Grand Junction submarket, specifically the Patterson Road cluster, and has the zip code 81505. This listing is for the main level office space only, unless otherwise negotiated. The property is classified as both Executive Office and Medical Office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $997,000
      Market price range: $998k - $2.19M
      AI Estimate
      $609,000
      Market price range: $365k - $1.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,490,000
      INDUSTRIAL (GENERAL)
      $1,480,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.589
    Latitude
    39.0923
    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
    $19,115
    $53,600
    $216,760
    $270,360
    -
    $192,100
    $776,920
    $969,020

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      View Details

    Similar Nearby for Sale

    • $2,390,000

      Medical Office Investment with Leaseback

      Guaranteed 5-year leaseback with renewal options offers investors long-term income stability.
      2460 Patterson Rd, Grand Junction, CO 81505
      View Details
    • $1,699,000
      2.81 Acres

      Build-Ready Medical and Retail Site

      Build-ready acreage across from Community Hospital with strong arterial access for office, hospitality, retail, or mixed-use.
      2376 G Rd, Grand Junction, CO 81505
      View Details
    • Contact for pricing

      Mixed-Use Land Near I-70

      Prime land suitable for medical, multi-family, or retail development.
      2385 G Rd, Grand Junction, CO 81505
      View Details
    • $500,000

      Triple Net Office Suite with Long-Term Tenant

      Strong triple-net profile featuring an office layout and an updated HVAC system with a long-term, renewal-eligible tenant.
      2472 Patterson Rd, Grand Junction, CO 81505
      View Details
    • $550,000
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      Flex Industrial Office Property

      Versatile flex layout supports light manufacturing alongside office and limited retail or service uses.
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    • Contact for pricing
      961 SF

      Flex Space with Warehouse

      Flex space with office, kitchenette, restroom, and warehouse.
      2477 Commerce Blvd, Grand Junction, CO 81505
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    Similar Nearby for Lease

    • Contact for pricing

      Well-Maintained Office Spaces For Lease

      Office spaces for lease in well-maintained two-level complex.
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      Second Floor Office Space

      Office space with multiple private offices, conference room, reception area.
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      Office Space Available For Lease

      Office space for lease at 2515 Foresight Cir, Grand Junction.
      2515 Foresight Cir, Grand Junction, CO 81505
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    • Contact for pricing

      Medical Office Space Available

      7,000 SF medical office space with remodeled lobby.
      2503 Foresight Cir, Grand Junction, CO 81505
      View Details
    • $3,070 /Mo
      66,568 SF

      Second-Floor Office Suite

      Well-laid-out second-floor suite with private offices, a conference room, and reception space for flexible business use.
      25 1/2 Rd, Grand Junction, CO 81505
      View Details
    • $960 /Mo
      66,568 SF

      Second-Floor Office Suite

      Bright, second-floor office suite with dedicated private space and ample parking in a well-known retail-adjacent complex.
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    Grand Junction, CO 81505-1202
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    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
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