Property profile

635 White Ave Grand Junction, CO 81501

OFF-MARKET
Flex space
Property ID
US13-2681924
7,748 SF 0.48 ac lot Built 2016
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,714-square-foot warehouse in Grand Junction, Colorado, presents a unique investment opportunity. Built in 2016, the property boasts a pristine metal building design, seamlessly blending 2,000 square feet of efficient office space with a spacious 4,800-square-foot warehouse. The office area features a welcoming showroom and reception area with a stylish counter, private offices, and an employee break room with a full kitchen. The warehouse is highly functional, featuring two 14-foot overhead doors, a 20-foot ceiling height, and an added 900 square feet of mezzanine space accessible via a swing gate, ideal for lift access. Additional amenities include washer/dryer hookups, forced-air heating and air conditioning throughout, ensuring year-round comfort. The property sits on a half-acre lot and includes 11 dedicated parking spaces and a paved, secure yard. Located on White Avenue with convenient access to and visibility from Riverside Parkway, this property offers excellent visibility and accessibility. The property is zoned I-1 and has a tax cost of $2.60 per square foot. The building is currently vacant and ready for immediate occupancy. Tenant pays NNN expenses.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2016
Construction STEEL FRAME
Total area 7,748 SF
Lot 0.48 ac (21,083 SF)
Zoning code I-1
APN 2945-154-41-002
UPID US13-2681924

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
  • Car Dealership
  • Big Box & Wholesale Store

Location

635 White Ave Grand Junction, CO 81501-5810
Grand Junction metro Census 900 GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$920k
Comparable Approach Comparable
$897k
Blend (final) Blend
$410k

Owner & transaction history

since 2016
4 recorded transactions
2016
$800,000
2015
Price N/A
2014
$342,100
2009
Price N/A

Zoning & alternative use

I-1 · Grand Junction, CO
Zoning description

Industrial Light, I-1 § 21.03.070(e) I-2: General Industrial Industrial General, I-2 § 21.03.070(f) (b) Purpose. The Industrial zone districts are intended to: (1) Promote the retention of existing industrial businesses…

General category INDUSTRIAL
Top alternative use upside
Warehouse, storage $1.1M +60.6%
Office building $1.1M +52.9%
Retail stores $1.1M +48.8%

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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