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3198 Patterson Rd 11,788 SF 89% Leased Office Building Grand Junction, CO 81504 $725,000 ($61.50/SF) 8% Cap Rate

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EXECUTIVE SUMMARY

Investor option with great returns and loyal tenants. Located on a very busy corner with freeway access nearby. Building is flanked by residential, church and a bank. There is one suite currently available if new owner wants to do owner occupant - #101 has 1,250 SF. This is the only vacancy currently. There is a possibility of 2 more suites to add as rental that are currently used by the owner for a total of 14 units. many are long term and want to stay. Medical and management related businesses - no MJ or CBD, tatoo shops, etc. are allowed by this owner. The main floor has AC with 3 or the 4 units being newly replaced. Upstairs is evap cooling with over half of those units replaces. The building has an live-in caretaker that would like to stay (occupies one of the "owner-suites." building is well maintained but could use some cosmetic updates and the parking lot resurfaced, but it is a money maker as-is!! Call listing broker for more updates and financials.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,788 SF
Building Class
B
Year Built
1982
Price
$725,000
Price Per SF
$61.50
Cap Rate
8%
NOI
$58,000
Percent Leased
89%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,520 SF
Building FAR
0.47
Lot Size
0.58 AC
Zoning
Commercial - Office
Parking
27 Spaces (2.29 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Controlled Access
  • Security System
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • -

KidStuff Child and Family Counseling, P.C. strives to provide their clients with a safe, accepting and welcoming environment in which their clients learn new skills to help navigate life’s challenges. Their mission is to provide creative, compassionate, and multiculturally competent mental health services. They strive to provide high-quality and ethically driven outpatient counseling incorporating trauma-informed expressive arts, play, meaning-making, emotional processing, and many other interventions for relational and interpersonal growth.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Health Care and Social Assistance - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2943-034-00-096
Land Assessment
$81,670
Improvements Assessment
$87,670
Total Assessment
$169,340
  • Listing ID: 37529896

  • Date on Market: 9/3/2025

  • Last Updated:

  • Address: 3198 Patterson Rd, Grand Junction, CO 81504

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