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2940 I-70 Business Loop 9,000 SF 25% Leased Flex Building Grand Junction, CO 81504 $1,485,000 ($165/SF) 7.07% Cap Rate
Investment Highlights
- Multi-tenant office/flex/shop property
- Offers rental income
- 0.60-acre C-2 zoned lot
- I-70 visibilty and frontage location
- 9,000 SF total building size
Executive Summary
Excellent investment opportunity to purchase a 9,000 SF multi-tenant commercial property situated on 0.60 acres with C-2 zoning, allowing for a wide variety of commercial and light industrial uses. Located along the I-70B frontage road, the property offers excellent visibility from I-70B, ample paved parking, and convenient access to 29 Road and North Avenue. Constructed of durable masonry in 1976, the property consists of five office, flex, and shop units with 10’ overhead doors, providing the flexibility to occupy available space while benefiting from income generated by existing tenants. One space is currently vacant: a 2,800 SF office suite (Unit #1A) offered for lease at $12.45/SF/Year + NNN, while the remaining units are occupied by NNN tenants. Based on full occupancy, the property offers a pro forma Net Operating Income (NOI) of $105,018 and a projected 7% cap rate, presenting an attractive value-add opportunity for both owner-users and investors.
Property Facts
| Price | $1,485,000 | Rentable Building Area | 9,000 SF |
| Price Per SF | $165 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1976 |
| Cap Rate | 7.07% | Parking Ratio | 2.78/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 12’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.60 AC | Opportunity Zone |
Yes
|
| Zoning | C-2 - Permissible uses typically include general retail, restaurants, office spaces, and service establishments, as well as some uses that attract vehicle traffic. | ||
| Price | $1,485,000 |
| Price Per SF | $165 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.07% |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 0.60 AC |
| Rentable Building Area | 9,000 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 2.78/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | C-2 - Permissible uses typically include general retail, restaurants, office spaces, and service establishments, as well as some uses that attract vehicle traffic. |
Utilities
- Gas - Natural
- Water - County
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 1A
- 2,880 SF
- Office
- Shell Space
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 1A | 2,880 SF | Office | Shell Space | Now |
1st Fl-Ste 1A
| Size |
| 2,880 SF |
| Space Use |
| Office |
| Build-Out |
| Shell Space |
| Available |
| Now |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 2943-172-08-001 | Improvements Assessment | $144,240 |
| Land Assessment | $60,370 | Total Assessment | $204,610 |
Property Taxes
Parcel Number
2943-172-08-001
Land Assessment
$60,370
Improvements Assessment
$144,240
Total Assessment
$204,610
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2940 I-70 Business Loop