688 45 Rd, De Beque, CO 81630
- Flex space
- 9,780 SF
- 5.71 lot acres
Current Use by Public Records
- Flex space
Property Details for 688 45 Rd
- Year built
- 2006
- Construction
- STEEL FRAME
- Lot size
- 5.71 lot acres
- Zone code
- AFT
- Property type
- Flex space
- APN
- 2445-272-20-003
- APU
- 244527220003
Description
Exceptional investment opportunity: a stabilized, 100% occupied, Class C warehouse totaling 9,780 square feet on a 5.69-acre lot in De Beque, Colorado (81630). This single-tenant property, built in 2006, features a two-story building with 20-foot ceilings and boasts a strong corporate guarantee. The current lease, commencing December 15, 2022, and expiring December 1, 2024, includes a 3% annual rent escalation clause and a two-year renewal option. The property generates a substantial net operating income (NOI) of $102,000, resulting in a compelling 6.80% cap rate. The warehouse itself is equipped with six 14-foot automatic overhead doors, four of which are drive-through, and includes a service pit with oil pumping equipment. Additional features include a breakroom, IT room, offices, restrooms, and a storage closet. The property is fully fenced for enhanced security and has ample power (three-phase at 225V, 480V, and 225V). The asking price is $1,500,000, translating to $153.37 per square foot. This property presents a rare opportunity for a secure, high-yield investment with a proven tenant and significant upside potential. The property is zoned for commercial use.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,255,000
- 6.5%
- $1,160,000
- 7%
- $1,075,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,106,000
- AI Estimate
- $853,000
Market price range: $760k - $1.50MMarket price range: $438k - $1.31M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,110,000 Current use
- COMMERCIAL (GENERAL)
- $1,600,000 Change: +44% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,375,000 Change: +24% Conversion: Easy
- OFFICE BUILDING
- $1,370,000 Change: +23% Conversion: Difficult
- RETAIL STORES
- $1,325,000 Change: +19% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- De Beque
- County
- Mesa
- State
- Colorado
- Longitude
- -108.211
- Latitude
- 39.3367
- CBSA code
- 24300
- CBSA name
- GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
